Ethereum Price Indicators Suggest Strengthening Case For Rally Above $1,850

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	373,507,468,168	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

373,507,468,168

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	5.46	0.18%	3,109.16	3,108.96	3,109.10

Price Change

Price Change %

Current Price

Bid Price

Offer

5.46

0.18%

3,109.16

3,108.96

3,109.10

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,131.20	3,093.87	3,100.69	3,103.70	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,131.20

3,093.87

3,100.69

3,103.70

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:00:20	0.080440	3,109.16	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:00:20

0.080440

3,109.16

USD

Price x Volume	Volume	Base Symbol	Related Pairs
42,166,106.31	13,552.22	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

42,166,106.31

13,552.22

Ethereum Price Indicators Suggest Strengthening Case For Rally Above $1,850

30/03/2023 5:04am

NEWSBTC

Ethereum price is gaining pace above the $1,780 resistance against the US Dollar. ETH could rally if it clears the $1,850 resistance zone. Ethereum is gaining pace above the $1,760 and $1,780 levels. The price is trading above $1,780 and the 100 hourly simple moving average. There is a key 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 $1,840 resistance zone. Ethereum Price Gains Momentum Ethereum price started a fresh increase from the $1,700 support zone. ETH gained pace for a move above the $1,720 and $1,750 resistance levels, similar to bitcoin. The price even cleared the $1,800 resistance zone and the 100 hourly simple moving average. The price traded as high as $1,828 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $1,686 swing low to $1,828 high. Ether price is now trading above $1,780 and the 100 hourly simple moving average. There is also a key 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 $1,825 zone. The next major resistance is near the $1,840 zone. A clear move above the $1,840 resistance zone might start a strong increase. The next major resistance might be $1,880. Source: ETHUSD on TradingView.com Any more gains could set the pace for a test of the $1,950 resistance zone in the near term, above which the bulls could aim a move towards the $2,000 resistance zone. Dips Supported in ETH? If ethereum fails to clear the $1,840 resistance, it could start a downside correction. An initial support on the downside is near the $1,780 level and the trend line. The next major support is near the $1,745 zone or the 61.8% Fib retracement level of the upward move from the $1,686 swing low to $1,828 high. The main support is now near the $1,700 zone. If there is a break below $1,700, the price might resume its decline towards $1,665. Any more losses might call for a test of the $1,620 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 – $1,745 Major Resistance Level – $1,840

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