Ethereum Price Holds Strong As Indicators Suggest High Chances of Fresh Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,233,426,105,438	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,233,426,105,438

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-866.81	-1.36%	62,872.22	62,868.00	62,868.01

Price Change

Price Change %

Current Price

Bid Price

Offer

-866.81

-1.36%

62,872.22

62,868.00

62,868.01

High Price	Low Price	Open Price	Prev. Close	52 Week Range
63,900.00	62,445.06	63,748.82	63,739.03	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

63,900.00

62,445.06

63,748.82

63,739.03

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:05:16	0.000756	62,872.22	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:05:16

0.000756

62,872.22

USD

Price x Volume	Volume	Base Symbol	Related Pairs
217,622,094.45	3,456.30	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

217,622,094.45

3,456.30

Ethereum Price Holds Strong As Indicators Suggest High Chances of Fresh Rally

31/03/2023 4:47am

NEWSBTC

Ethereum price is showing positive signs above the $1,780 resistance against the US Dollar. ETH might soon rally if it clears the $1,850 resistance zone. Ethereum is showing positive signs above the $1,760 and $1,780 levels. The price is trading above $1,785 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if it clears the $1,825 resistance zone. Ethereum Price Remains Supported Ethereum price remained strong above the $1,750 support zone. ETH climbed higher and attempted an upside break above the $1,840 resistance zone. However, there was no clear move above $1,840, unlike bitcoin. The price traded as high as $1,828 before there was a downside correction. There was a move below the $1,800 level, but the price stayed above the $1,750 support zone. A low is formed near $1,762 and the price is now rising. Ether price is trading above $1,785 and the 100 hourly simple moving average. It is also trading above the 61.8% Fib retracement level of the recent decline from the $1,828 swing high to $1,762 low. Besides, there is a connecting bullish trend line forming with support near $1,780 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,815 level. It is near the 76.4% Fib retracement level of the recent decline from the $1,828 swing high to $1,762 low. Source: ETHUSD on TradingView.com The next major resistance is near the $1,825 zone. A clear move above the $1,825 resistance zone might start a strong increase. The next major resistance might be $1,880. Any more gains could set the pace for a test of the $1,920 resistance, above which the price could rise towards the $2,000 resistance zone. Another Drop in ETH? If ethereum fails to clear the $1,825 resistance, it could start a downside correction. An initial support on the downside is near the $1,785 level and the trend line. The next major support is near the $1,745 zone, below which ether price might decline towards the $1,720 level. The main support is now near the $1,695 zone. If there is a break below $1,695, the price might resume its decline towards $1,620. 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 now above the 50 level. Major Support Level – $1,745 Major Resistance Level – $1,825

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