Ethereum Price Could Stage Strong Rally If It Closes Above This Resistance

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	377,881,331,113	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

377,881,331,113

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-10.87	-0.35%	3,128.71	3,128.28	3,128.71

Price Change

Price Change %

Current Price

Bid Price

Offer

-10.87

-0.35%

3,128.71

3,128.28

3,128.71

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,171.28	3,126.17	3,139.67	3,139.58	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,171.28

3,126.17

3,139.67

3,139.58

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:09:45	0.006900	3,128.71	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:09:45

0.006900

3,128.71

USD

Price x Volume	Volume	Base Symbol	Related Pairs
43,707,713.41	13,858.73	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

43,707,713.41

13,858.73

Ethereum Price Could Stage Strong Rally If It Closes Above This Resistance

22/03/2023 5:57am

NEWSBTC

Ethereum price is still holding gains above $1,750 against the US Dollar. ETH could start a major rally if there is a close above the $1,850 resistance zone. Ethereum is slowly moving higher towards the $1,840 resistance zone. The price is trading above $1,750 and the 100 hourly simple moving average. There was a break below a major bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear move above the $1,850 resistance. Ethereum Price Eyes Fresh Increase Ethereum price started a downside correction from the $1,850 resistance zone. ETH corrected lower and traded below the $1,800 level but the bulls remained active, similar to bitcoin. A low was formed near $1,720 and the price is now rising. There was a break below a major bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD. The pair revisited the $1,840 resistance zone and traded as high as $1,837. The price is now consolidating gains and trading below the 23.6% Fib retracement level of the upward move from the $1,727 swing low to $1,837 high. Ether price is now trading above $1,750 and the 100 hourly simple moving average. It is also above the 50% Fib retracement level of the upward move from the $1,727 swing low to $1,837 high. On the upside, the price is facing resistance near the $1,820 zone. Source: ETHUSD on TradingView.com The next major resistance is near the $1,840 zone. The first major resistance is near $1,850. A close above the $1,850 resistance zone might start another major increase. In this case, the price may perhaps rise towards the $1,920 resistance level. Any more gains might send the price towards $2,000. Dips Limited in ETH? If ethereum fails to clear the $1,850 resistance, it could start another downside correction. An initial support on the downside is near the $1,780 level. The next major support is near the $1,765 zone and the 100 hourly simple moving average. If there is a break below $1,765, the price might drop towards $1,695. Any more losses might call for a test of the $1,650 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 – $1,765 Major Resistance Level – $1,850

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ETHUSD Ethereum