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Ethereum price is at a resistance of $1,750 above the new value of $1,750. ETH is now solidifying earnings and may try to clear $1,840 of resistance.
- Ethereum started a new rally above the $1,750 area.
- Prices traded above $1,720, while the 100-hour simple moving average.
- On the hourly chart of ETH/USD (via Kraken’s feed), there is a bullish trend line formed with supported support, supporting $1,780.
- If the couple clears the $1,820 resistance zone, the couple may start a new growth.
Ethereum price growth
Ethereum prices remained stable, above the $1,650 level and began new improvements such as Bitcoin. ETH trades above the $1,700 and $1,720 levels. The Bulls even put prices above the $1,750 level.
The couple even soared above the $1,800 area. The high price was formed at $1,8343 and the price has recently begun the merger phase. From the $1,565 swing to the high of $1,834, the upward moving FIB retracement level dropped a drop.
Ethereum prices are now trading above $1,720, while the 100-hour simple moving average. On the hourly chart of ETH/USD, there is also a connected bullish trend line supporting $1,780.
On the plus side, prices seem to be facing a barrier to the $1,820 level. The next key resistance is close to the $1,840 level. The first major resistor is close to the $1,880 level. A clear action of resistors above $1,880 could shift the price to a resistor of $1,920.
A rising breakthrough in resistance of more than $1,920 could require more gains in the upcoming meeting. In the case of statements, ether could rise toward the $1,950 resistance zone or even $2,000 in the short term.
Does ETH support inclination?
If Ethereum fails to clear the $1,820 resistor, a new drop may begin. The initial support for disadvantages is close to the $1,780 level. The first major support is located near the $1,740 area.
A noticeable movement of support below $1,740 could push the price to $1,700 support, or swing from $1,565 to a height of $1,834, or a 50% FIB retracement level of upward movement. In the short term, more losses could shift the price to the support level of $1,665. The next key supports $1,620.
Technical Indicators
Hourly MACD – MACD of ETH/USD is losing momentum in bullish areas.
Hourly RSI – The RSI of ETH/USD is now above the 50 area.
Main support level – $1,740
Main resistance level – $1,820
