Ethereum Price Dips and Then Rips Higher, Bulls Still Aim $2K

2023-4-27 06:57

Ethereum price saw swing moves from the $1,800 support against the US Dollar. ETH is again rising and might aim for a retest of the $2,000 resistance.

Ethereum is showing a lot of strength above the $1,800 support zone. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,925 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally further if it clears the $1,925 resistance. Ethereum Price Holds Ground

Ethereum’s price saw a couple of swing moves from the $1,800 support zone. First, ETH rallied above the $1,900 resistance. However, it faced a strong selling interest near $1,960 and reacted to the downside.

There was a sharp 10% drop below $1,900, similar to Bitcoin from $30,000. The price retested the main $1,800 support zone. A low is formed near $1,787 and the price is again rising. It is trading above $1,850 and the 100-hourly Simple Moving Average.

Ether is also trading above the 61.8% Fib retracement level of the recent drop from the $1,964 swing high to the $1,787 low. Immediate resistance is near the $1,920 zone. Besides, there is a connecting bearish trend line forming with resistance near $1,925 on the hourly chart of ETH/USD.

The trend line is close to the 76.4% Fib retracement level of the recent drop from the $1,964 swing high to the $1,787 low. A close above the $1,925 level might spark more bullish moves.

Source: ETHUSD on TradingView.com

In the stated case, the price could rise toward the $1,960 resistance. Any more gains could send Ether toward the $2,000 resistance, above which the bulls might aim for a move toward $2,120.

Fresh Decline in ETH?

If Ethereum fails to clear the $1,925 resistance, it could start another decline. Initial support on the downside is near the $1,880 level and the 100-hourly Simple Moving Average.

The next major support is near the $1,840 zone, below which ether price might revisit the $1,800 support zone. Any more losses may perhaps take the price toward $1,720 in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is above the 50 level.

Major Support Level – $1,880

Major Resistance Level – $1,925

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3136.79 (+0.32%)
Объем 24H $12.729b
Изменеия 24h: 3.55 %, 7d: 8.55 %
Cегодня L: $3088.33 - H: $3141.18
Капитализация $376.798b Rank 2
Цена в час новости $ 1885.13 (66.4%)

ethereum aim support price retest might again

ethereum aim → Результатов: 126


Ethereum to AVAX Bridge – How To Transfer Coins From ETH To Avalanche Blockchain

Avalanche blockchain is another one of those Ethereum killers that aim to solve what the Ethereum network is struggling with — scalability, transaction fees, and interoperability. Avalanche is taking a different approach by using three separate chains and claims to be “the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality”.

2021-11-11 12:52


Фото:

Ethereum Sets Sight On $4000 After Outperforming Bitcoin For Two Years In A Row

On the 10th of May, Ethereum (ETH) would break into new levels and hit an all-time high of $4,196 as recorded by Coinmetrics. Etheruem’s bearish run so far The market, overjoyed and excited, would aim higher, anticipating that Ether bulls will sustain the newly attained price level and continue to push the second-largest crypto asset […]

2021-8-9 20:07


Фото:

Dvision Network to Launch Metaverse on Enjin’s Carbon-Negative JumpNet Network

The Enjin ecosystem today welcomed Dvision Network — a South Korean blockchain metaverse built on Ethereum and Binance Smart Chain. Dvision Network to Expand to Enjin’s JumpNet, Efinitys With an aim to become the first Metaverse to run on five different blockchains, Dvision Network is adopting Enjin’s carbon-negative JumpNet network, in addition to integrations withRead More

2021-7-29 12:00


Фото:

Stratis’ InterFlux Protocol Adds Support for Ethereum, Hyperledger, DEXs & DeFi

24th March, 2021, London, United Kingdom –  Stratis is developed to help make blockchain services accessible for businesses worldwide. In pursuit of that aim, it now supports interoperability with Ethereum, allowing firms to tap into the ease of use provided by Stratis Technologies while reaching out to millions of Ethereum users. The launch of itsRead More

2021-3-25 19:00