Ethereum Price Hold Strong At $1,650 But Risk of Pullback Increases
14 Mars 2023 - 7:38AM
NEWSBTC
Ethereum price rallied over 15% and broke the $1,650 resistance
against the US Dollar. ETH might correct lower and test the $1,625
support zone. Ethereum started a major increase above the $1,600
resistance zone. The price is trading above $1,620 and the 100
hourly simple moving average. There is a short-term breakout
pattern forming with resistance near $1,700 on the hourly chart of
ETH/USD (data feed via Kraken). The pair could correct lower, but
dips might be limited below the $1,625 support. Ethereum Price
Climbs Over 15% Ethereum price started a major increase above the
$1,550 resistance zone. ETH gained pace for a move above the $1,600
resistance zone and the 100 hourly simple moving average, similar
to bitcoin. The price even spiked above the $1,680 resistance zone
and tested the $1,700 region. A high is formed near $1,701 and the
price is now consolidating gains. There is also a short-term
breakout pattern forming with resistance near $1,700 on the hourly
chart of ETH/USD. Ether price is now trading above $1,620 and the
100 hourly simple moving average. It is consolidating gains and
well trading above the 23.6% Fib retracement level of the upward
wave from the $1,371 swing low to $1,701 high. On the upside, the
price is facing resistance near the $1,700 zone. The first major
resistance is near the $1,740 zone. The next major resistance is
near the $1,765 level. Source: ETHUSD on TradingView.com A close
above the $1,765 resistance zone might start another major
increase. In this case, the price may perhaps rise towards the
$1,850 resistance level. Any more gains might send the price
towards $2,000. Dips Limited in ETH? If ethereum fails to clear the
$1,700 resistance, it could start a downside correction. An initial
support on the downside is near the $1,680 level. The next major
support is near the $1,625 zone. If there is a break below $1,625,
the price might drop towards $1,535. It is near the 50% Fib
retracement level of the upward wave from the $1,371 swing low to
$1,701 high. Any more losses might call for a test of the $1,500
level. 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 60 level. Major Support Level – $1,625
Major Resistance Level – $1,700
Ethereum (COIN:ETHUSD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Ethereum (COIN:ETHUSD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024