Ethereum price is moving higher above the ,800 resistance against the US Dollar. ETH price is now trading above ,800 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near ,830 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the ,800 support zone. Ethereum price is consolidating above the ,830 level against the US Dollar. ETH/USD could rise further if it clears the ,950 resistance zone. Ethereum Price Analysis In the past few days, Ethereum saw a decent increase above the ,750 level against the US Dollar. ETH price was able to gain pace for a move above the ,800 level and the 55 simple moving average (4 hours). The bulls even pushed the price above the
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- Ethereum price is moving higher above the $1,800 resistance against the US Dollar.
- ETH price is now trading above $1,800 and the 55 simple moving average (4 hours).
- There is a major bullish trend line forming with support near $1,830 on the 4-hours chart (data feed from Coinbase).
- The pair could climb further if it stays above the $1,800 support zone.
Ethereum price is consolidating above the $1,830 level against the US Dollar. ETH/USD could rise further if it clears the $1,950 resistance zone.
Ethereum Price Analysis
In the past few days, Ethereum saw a decent increase above the $1,750 level against the US Dollar. ETH price was able to gain pace for a move above the $1,800 level and the 55 simple moving average (4 hours).
The bulls even pushed the price above the $1,850 resistance zone. Finally, the price spiked above the $1,920 level and tested the $1,950 resistance zone. A high is formed near $1,943 and the price is now correcting gains. There was a minor decline below the $1,900 level.
Ether price declined below the 23.6% Fib retracement level of the upward move from the $1,763 swing low to the $1,943 high. It is now consolidating above $1,850 and the 55 simple moving average (4 hours).
There is also a major bullish trend line forming with support near $1,830 on the 4-hours chart. Immediate resistance on the upside is near the $1,920 level. The next major resistance is near the $1,950 zone and the last swing high.
A clear move above the $1,950 level could send the price toward $2,000. Any more gains could even send the price toward the $2,150 resistance zone or $2,200 in the near term.
On the downside, initial support is near the $1,850 level and the trend line. It coincides with the 50% Fib retracement level of the upward move from the $1,763 swing low to the $1,943 high. The next major support is now near the $1,800 level.
A break below the $1,800 support could push the price to $1,700. Any more losses could lead the price towards $1,650.
Ethereum Price
Looking at the chart, Ethereum’s price is clearly trading above the $1,800 zone and the 55 simple moving average (4 hours). Overall, ether price could climb further if it stays above the $1,800 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 – $1,830, followed by the $1,800 zone.
Key Resistance$ Levels – $1,950 and $2,000.