Ethereum Price Revisits $1,700 And $1,800 Seems Imminent, Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,254,257,521,441	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,254,257,521,441

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-32.84	-0.05%	63,859.68	63,859.68	63,859.69

Price Change

Price Change %

Current Price

Bid Price

Offer

-32.84

-0.05%

63,859.68

63,859.69

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,636.75	62,908.34	64,008.79	63,892.52	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,636.75

62,908.34

64,008.79

63,892.52

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	21:07:28	0.002941	63,859.68	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

21:07:28

0.002941

63,859.68

USD

Price x Volume	Volume	Base Symbol	Related Pairs
319,508,431.33	5,006.44	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

319,508,431.33

5,006.44

Ethereum Price Revisits $1,700 And $1,800 Seems Imminent, Here’s Why

08/02/2023 4:15am

NEWSBTC

Ethereum started a fresh increase and retested $1,700 against the US Dollar. ETH is showing positive signs and might rise further towards the $1,800 zone. Ethereum gained pace and was able to clear the $1,660 resistance zone. The price is now trading above $1,660 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if there is a clear move above the $1,700 resistance. Ethereum Price Reverses Losses Ethereum price remained well bid above the $1,600 support, similar to bitcoin at $22,500. ETH formed a base above the $1,620 level and recently started a steady increase. There was a clear move above the $1,650 and $1,660 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $1,640 on the hourly chart of ETH/USD. The pair even retested the $1,700 resistance and formed a high at $1,698 before there was a minor decline. Ether price is now trading above $1,660 and the 100 hourly simple moving average. It is trading near the 23.6% Fib retracement level of the upward move from the $1,624 swing low to $1,698 high. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,690 level. The next major resistance is near the $1,700 level. An upside break above the $1,700 resistance zone could spark a fresh increase. In the stated case, the price may perhaps rise towards the $1,750 resistance. Any more gains might send ether price towards the $1,820 resistance zone. Dips Supported in ETH? If ethereum fails to clear the $1,700 resistance, it could start another downside correction. An initial support on the downside is near the $1,660 level. The next major support is near the $1,650 zone or the 61.8% Fib retracement level of the upward move from the $1,624 swing low to $1,698 high. If there is a break below $1,650, the price might accelerate lower towards the $1,620 support. Any more losses might call for a test of the $1,600 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,650 Major Resistance Level – $1,700

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

BTCUSD Bitcoin