These Levels Highlighted For Ethereum

.These Levels Highlighted For Ethereum = Ethereum is facing strong resistance against the US Dollar around $ 1,800. To move into the bullish zone, ETH price must rise above $ 1,800 and the 100 hourly SMA.

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1 Ethereum Price Faces Obstacles

2 Technical indicators

3 Related posts:

Ethereum traded towards the $ 1,710 support before correcting higher.

The price is currently facing strong resistance near $ 1,800 and the 100 hourly simple moving average.

There is a key bearish trend line with resistance near $ 1,800 on the hourly chart of ETH / USD.

If the pair breaks above the $ 1,800 and 100 hourly SMA, it could start a steady increase.

Ethereum Price Faces Obstacles

Ethereum fell towards the $ 1,700 support zone where the bulls appeared. ETH traded as low as $ 1,712 before starting an upward correction similar to Bitcoin.

The price traded above the $ 1,750 and $ 1,760 resistance levels. There was a break above the 23.6% Fib retracement level of the downside wave from the $ 1,944 high to $ 1,712. However, the price appears to be facing strong resistance near the $ 1,800 level.

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There is a key bearish trend line showing resistance near $ 1,800 on the hourly chart of ETH / USD. The $ 1,800 trendline resistance is also close to the 100 hourly simple moving average.

A clear break above the trendline resistance could open the doors for a steady rise above $ 1,800. Instant resistance is the $ 1,828 level.

The next key resistance is near the $ 1,855 level, above this, Ethereum price could steadily rise towards the $ 1,900 and $ 1,920 levels in the near term.

If Ethereum fails to correct above the $ 1,800 and $ 1,828 resistance levels, it could fall further. The first major support is near the $ 1,710 level.

The main support seems to be forming near the $ 1,700 level. If the bulls fail to defend the $ 1,700 support zone, there is a risk of the price falling to the $ 1,660 level. Further losses could push the price up to $ 1,620.