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Ethereum Price Indicators Suggest Strengthening Case For Rally Above $1,850
Ethereum price is gaining pace above the $1,780 resistance against the US Dollar. ETH could rally if it clears the $1,850 resistance zone.
Ethereum is gaining pace above the $1,760 and $1,780 levels. The price is trading above $1,780 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if it clears the $1,840 resistance zone.Theko ea Ethereum e Fumana Momentum
Ethereum price started a fresh increase from the $1,700 support zone. ETH gained pace for a move above the $1,720 and $1,750 resistance levels, similar to bitcoin.
The price even cleared the $1,800 resistance zone and the 100 hourly simple moving average. The price traded as high as $1,828 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $1,686 swing low to $1,828 high.
Theko ea Ether e se e rekisoa ka holimo ho $1,780 le the Mefuta e 100 ea hora e bonolo e tsamaeang. There is also a key bullish trend line forming with support near $1,780 on the hourly chart of ETH/USD.
On the upside, the price is facing resistance near the $1,825 zone. The next major resistance is near the $1,840 zone. A clear move above the $1,840 resistance zone might start a strong increase. The next major resistance might be $1,880.
Source: ETHUSD ho TradingView.com
Any more gains could set the pace for a test of the $1,950 resistance zone in the near term, above which the bulls could aim a move towards the $2,000 resistance zone.
Li-Dips li tšehetsoa ho ETH?
Haeba ethereum e hloleha ho hlakola khanyetso ea $ 1,840, e ka qala khalemelo e tlase. Tšehetso ea pele ka lehlakoreng le tlaase e haufi le boemo ba $ 1,780 le mokhoa oa mokhoa.
The next major support is near the $1,745 zone or the 61.8% Fib retracement level of the upward move from the $1,686 swing low to $1,828 high. The main support is now near the $1,700 zone. If there is a break below $1,700, the price might resume its decline towards $1,665. Any more losses might call for a test of the $1,620 level.
Technical matšoao
MACD ea hora - MACD bakeng sa ETH/USD e se e ntse e eketseha ka sekhahla sebakeng sa khoebo.
Ka lihora tse RSI - RSI ea ETH / USD e se e le kaholimo ho boemo ba 50.
Tekanyetso e kholo ea tšehetso - $ 1,745
Tekanyetso e kholo ea ho hanyetsa - $ 1,840
Mohloli oa pele: LitabaBTC