Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	377,906,564,938	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

377,906,564,938

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	33.48	1.07%	3,151.18	3,151.08	3,151.23

Price Change

Price Change %

Current Price

Bid Price

Offer

33.48

1.07%

3,151.18

3,151.08

3,151.23

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,171.64	3,073.70	3,117.96	3,117.70	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,171.64

3,073.70

3,117.96

3,117.70

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:09:36	0.154050	3,150.65	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:09:36

0.154050

3,150.65

USD

Price x Volume	Volume	Base Symbol	Related Pairs
61,571,399.53	19,795.13	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

61,571,399.53

19,795.13

Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

26/05/2023 4:27am

NEWSBTC

Ethereum price started a recovery wave above the $1,780 level against the US Dollar. ETH must clear $1,820 to start a decent increase in the near term. Ethereum is currently consolidating below the $1,820 resistance zone. The price is trading below $1,820 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it settles above the $1,820 resistance. Ethereum Price Recovery Faces Hurdle Ethereum’s price extended its decline below the $1,800 zone. ETH even declined below the $1,780 level before the bulls appeared near $1,760, similar to Bitcoin. A low was formed near $1,761 and the price is currently attempting a recovery wave. It is trading above the 23.6% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low. Ether is now trading below $1,820 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low. Immediate resistance is near the $1,818 zone and the trend line. The first major resistance is near the $1,820 level. A close above the $1,820 resistance could send Ether toward $1,845. Source: ETHUSD on TradingView.com The next resistance sits near $1,875, above which Ethereum could rise toward $1,920. Any more gains above the $1,920 resistance zone could push the price toward the $2,000 resistance. Fresh Decline in ETH? If Ethereum fails to clear the $1,820 resistance, it could start another bearish wave. Initial support on the downside is near the $1,785 level. The next major support is near the $1,760 zone or the recent swing low. If there is a close below the $1,760 support, the price could start another major decline. In the stated case, the price might drop toward the $1,700 support zone. Any more losses may perhaps send the price toward the $1,660 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $1,785 Major Resistance Level – $1,820

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ETHUSD Ethereum