Ethereum Price Breaking This Confluence Resistance Could Spark Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	371,719,471,447	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

371,719,471,447

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	28.63	0.93%	3,090.98	3,090.98	3,091.01

Price Change

Price Change %

Current Price

Bid Price

Offer

28.63

0.93%

3,090.98

3,091.01

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,096.75	3,048.53	3,067.30	3,062.24	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,096.75

3,048.53

3,067.30

3,062.24

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	03:04:58	0.002747	3,090.98	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

03:04:58

0.002747

3,090.98

USD

Price x Volume	Volume	Base Symbol	Related Pairs
16,467,754.76	5,356.70	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

16,467,754.76

5,356.70

Ethereum Price Breaking This Confluence Resistance Could Spark Rally

29/03/2023 5:10am

NEWSBTC

Ethereum price is slowly moving higher above the $1,750 resistance against the US Dollar. ETH could rally if it clears the $1,800 resistance zone. Ethereum is slowly moving higher above the $1,750 and $1,760 levels. The price is trading above $1,750 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,745 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if it clears the $1,800 resistance zone. Ethereum Price Recovers Ethereum price remained well bid above the $1,700 level. ETH formed a base and started a fresh increase above the $1,740 resistance zone, similar to bitcoin. The price was able to clear the 50% Fib retracement level of the downward move from the $1,801 swing high to $1,686 low. Besides, there was a break above a major bearish trend line with resistance near $1,745 on the hourly chart of ETH/USD. Ether price is now trading above $1,750 and the 100 hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $1,801 swing high to $1,686 low. Source: ETHUSD on TradingView.com On the upside, the price is facing resistance near the $1,790 zone. The next major resistance is near the $1,800 zone. A clear move above the $1,800 resistance zone might start a steady increase. The next major resistance might be $1,840. Any more gains could set the pace for a test of the $1,950 resistance zone in the near term. Finally, if the bulls remain in action, the price could rise and test the $2,000 resistance zone. Fresh Decline in ETH? If ethereum fails to clear the $1,800 resistance, it could start another decline. An initial support on the downside is near the $1,750 level and the 100 hourly simple moving average. The next major support is near the $1,720 zone. The main support is now near the $1,700 zone. If there is a break below $1,700, the price might gain bearish momentum and drop towards $1,665. Any more losses might call for a test of the $1,600 level. 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 – $1,750 Major Resistance Level – $1,800

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ETHUSD Ethereum