Ethereum price is eyeing an upside break above the ,900 resistance against the US Dollar. ETH price is now trading below ,890 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near ,900 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the ,825 support zone. Ethereum price is rising above the ,850 level against the US Dollar. ETH/USD could rise further if it clears the ,900 resistance zone. Ethereum Price Analysis In the past few days, Ethereum saw a bearish wave from the ,000 zone against the US Dollar. ETH price declined below the ,900 level and the 55 simple moving average (4 hours). The bears even pushed the price below the ,850 level. A low was
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- Ethereum price is eyeing an upside break above the $1,900 resistance against the US Dollar.
- ETH price is now trading below $1,890 and the 55 simple moving average (4 hours).
- There is a key bearish trend line forming with resistance near $1,900 on the 4-hour chart (data feed from Coinbase).
- The pair could climb further if it stays above the $1,825 support zone.
Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it clears the $1,900 resistance zone.
Ethereum Price Analysis
In the past few days, Ethereum saw a bearish wave from the $2,000 zone against the US Dollar. ETH price declined below the $1,900 level and the 55 simple moving average (4 hours).
The bears even pushed the price below the $1,850 level. A low was formed near $1,825 and the price is now attempting a fresh increase. There was a move above the $1,850 resistance level. The price broke the 23.6% Fib retracement level of the downward move from the $1,976 swing high to the $1,825 low.
It is now trading below $1,890 and the 55 simple moving average (4 hours). Immediate resistance on the upside is near the $1,900 level. There is also a key bearish trend line forming with resistance near $1,900 on the 4-hour chart.
The trend line is close to the 50% Fib retracement level of the downward move from the $1,976 swing high to the $1,825 low. The next major resistance is near the $1,940 zone. A clear move above the $1,940 level could send the price toward $1,980.
Any more gains could even send the price toward the $2,000 resistance zone or $2,050 in the near term. On the downside, initial support is near the $1,860 level. The next major support is now near the $1,825 level.
A break below the $1,825 support could push the price to $1,760. Any more losses could lead the price toward $1,720 or even $1,700 in the coming days.
Looking at the chart, Ethereum price is clearly trading below the $1,890 zone and the 55 simple moving average (4 hours). Overall, Ether price could climb further if it stays above the $1,825 support zone.
Technical indicators
4 hours MACD – The MACD for ETH/USD is now losing momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now above the 50 level.
Key Support Levels – $1,860, followed by the $1,825 zone.
Key Resistance$ Levels – $1,900 and $1,940.