Ethereum Price Charges Higher, $2,150 Resistance Under Threat
Analysis
Price Impact
MedThe article suggests a potential upward trend for ethereum, with a specific resistance level ($2,150) under threat. while positive, it's not a guaranteed breakout, and the possibility of a decline is also mentioned, keeping the immediate impact moderate.
Trustworthiness
HighPrice Direction
BullishThe price has moved above key resistance levels ($2,065) and the 100-hourly sma, and the macd is gaining momentum in the bullish zone, while rsi is above 50, all pointing towards a bullish short-term outlook.
Time Effect
ShortThe analysis focuses on immediate resistance levels ($2,150, $2,180) and potential immediate support levels ($2,080, $2,065), indicating a focus on short-term price movements rather than long-term trends.
Original Article:
Article Content:
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum price managed to stay above $2,020 and recovered losses. ETH is now rising and might attempt a move above the $2,150 resistance. Ethereum started a decent upward move above the $2,065 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 resistance. Ethereum Price Aims Higher Ethereum price remained stable above $2,020 and started a decent upward move, beating Bitcoin . ETH price climbed above the $2,050 and $2,065 resistance levels. There was a break above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $2,168 swing high to the $2,017 low. Ethereum price is now trading above $2,080 and the 100-hourly Simple Moving Average . If the bulls remain in action above $2,065, the price could attempt another increase. Immediate resistance is seen near the $2,140 level or the 83.2% Fib retracement level of the downward move from the $2,168 swing high to the $2,017 low. Source: ETHUSD on TradingView.com The first key resistance is near the $2,150 level. The next major resistance is near the $2,180 level. A clear move above the $2,180 resistance might send the price toward the $2,220 resistance. An upside break above the $2,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,350 resistance zone or even $2,380 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,080 level. The first major support sits near the $2,065 zone. A clear move below the $2,065 support might push the price toward the $2,020 support. Any more losses might send the price toward the $1,980 region. The main support could be $1,965. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,065 Major Resistance Level – $2,150