Ethereum price reaches the last H1 support, and the next major resistance is swimming
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Ethereum is the second largest cryptocurrency, up 12.3% over the past seven days. Interestingly, Ethereum firmly keeps its own ground Cleaning upward trend This started after a sharp recovery starting from $1,550 on Tuesday.
Related Readings
For now, Ethereum price is in an important technical stage after retesting the $1,799 resistance level and returning it to the final intraday support zone. Fresh pushes above $1,800 can open doors for $1,840 and beyond, while deeper backtracking will test three important areas.
Ethereum turns resistance levels into support
Ethereum’s recent rally It has been seen that it exceeds three notable resistance levels that rejected most of the price action in April. Interestingly, these resistance levels are priced at $1,590, $1,654 and $1,703, as shown in the picture Through technical analysis Ethereum’s price action on the hourly candlestick time range chart on the TradingView platform.
After these breakthroughs, Ethereum continued to push upward with momentum until it hits the highest ceiling of $1,800. After a brief use of the area, the price Had a small rejectiongo back to $1,730 before seeking support, and then climb again.
For now, the $1,800 resistance is in Hope for a closing price of more than $2,000 Before the end of April. Nevertheless, even if Ethereum doesn’t reach this level, there is still bullish sentiment if it manages to hold the damaged resistance, and now it has turned to support for the H1 time range. 
Unless $1,654 is resting, Ethereum may still be optimistic
Ethereum’s The outlook is still optimistic As long as the newly recovered levels are $1,590, $1,654 and $1,703, continue to act as a reliable support zone. The first area is set at $1,703, representing the short-term hourly support level. The area may attract early entries, but it can easily break.
$1,654 with its structurally larger support, which is also evident in the 4-hour chart. This level is a medium risk area characterized by the clean and sound areas required. If tested, it has a high likelihood of starting a bounce, and its retention is important for maintaining the short-term bullish bias of Ethereum.
The strongest support level is $1,590, with a lower risk of reentry. It has the most favorable risk to reward ratio, and smart currency traders are here Possible accumulation.
Related Readings
As long as Ethereum stays above $1,703, the current uptrend remains in effect. The bullish bias remains intact unless the confirmed break is below $1,654. Support below $1,654 will shift the short-term outlook to neutral or bearish. on the other hand, Successfully closed $1,800 You can downgrade the next target, and the left and right $1,840 or even higher.
Featured images from Unsplash, charts for TradingView
