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{"id":540425,"date":"2023-06-30T03:27:00","date_gmt":"2023-06-30T03:27:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540425"},"modified":"2024-06-11T14:38:11","modified_gmt":"2024-06-11T14:38:11","slug":"ethereum-price-holds-strong-1800","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-holds-strong-1800\/","title":{"rendered":"Ethereum Price Holds Strong at $1,800 – A Strong Case for Upside"},"content":{"rendered":"

Ethereum price is holding gains above the $1,800 level against the US Dollar. ETH could gain bullish momentum if it clears the $1,880 resistance zone.<\/em><\/p>\n

\n
Ethereum is attempting a fresh increase from the $1,820 zone.<\/li>\n
The price is trading near $1,865 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $1,838 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise steadily if it clears the $1,880 resistance in the near term.<\/li>\n<\/ul>\n
Ethereum Price Aims Fresh Increase<\/h2>\n
Ethereum\u2019s price started a downside correction below the $1,865 support. ETH even spiked below the $1,820 level but the downsides were limited, unlike Bitcoin<\/a>.<\/p>\n
A low is formed near $1,817 and the price is now attempting a fresh increase. There was a break above the $1,840 resistance zone. Besides, there was a break above a connecting bearish trend line with resistance near $1,838 on the hourly chart of ETH\/USD.<\/p>\n
Ether is now testing the 50% Fib retracement level of the downward move from the $1,912 swing high to the $1,817 low. It is also trading near $1,865 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n
Immediate resistance is near the $1,875 level or the 61.8% Fib retracement level of the downward move from the $1,912 swing high to the $1,817 low. The next major resistance is near the $1,900 level. The first breakout level is near the $1,920 level.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
A close above the $1,920 zone could start a fresh rally. The next resistance sits near $2,000, above which the price could rise toward the $2,050 level. Any more gains could send Ether toward the $2,120 resistance.<\/p>\n
Another Decline in ETH?<\/h2>\n
If Ethereum fails to clear the $1,875 resistance or $1,880, it could start another decline. Initial support on the downside is near the $1,860 level and the 100-hourly Simple Moving Average.<\/p>\n
The next major support is near the $1,840 level. The first major support is near $1,820. If there is a move below $1,820, the price could drop toward $1,790. Any more losses may perhaps send the price toward the $1,740 support.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,820<\/p>\n
Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is holding gains above the $1,800 level against the US Dollar. ETH could gain bullish momentum if it clears the $1,880 resistance zone. Ethereum is attempting a fresh increase from the $1,820 zone. The price is trading near $1,865 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,838 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise steadily if it clears the $1,880 resistance in the near term. Ethereum Price Aims Fresh Increase Ethereum\u2019s price started a downside correction below the $1,865 support. ETH even spiked below the $1,820 level but the downsides were limited, unlike Bitcoin. A low is formed near $1,817 and the price is now attempting a fresh increase. There was a break above the $1,840 resistance zone. Besides, there was a break above a connecting bearish trend line with resistance near $1,838 on the hourly chart of ETH\/USD. Ether is now testing the 50% Fib retracement level of the downward move from the $1,912 swing high to the $1,817 low. It is also trading near $1,865 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,875 level or the 61.8% Fib retracement level of the downward move from the $1,912 swing high to the $1,817 low. The next major resistance is near the $1,900 level. The first breakout level is near the $1,920 level. Source: ETHUSD on TradingView.com A close above the $1,920 zone could start a fresh rally. The next resistance sits near $2,000, above which the price could rise toward the $2,050 level. Any more gains could send Ether toward the $2,120 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,875 resistance or $1,880, it could start another decline. Initial support on the downside is near the $1,860 level and the 100-hourly Simple Moving Average. The next major support is near the $1,840 level. The first major support is near $1,820. If there is a move below $1,820, the price could drop toward $1,790. Any more losses may perhaps send the price toward the $1,740 support. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,820 Major Resistance Level \u2013 $1,880<\/p>\n","protected":false},"author":67,"featured_media":462958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803],"class_list":["post-540425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Holds Strong at $1,800 - A Strong Case for Upside<\/title>\n<meta name=\"description\" content=\"Ethereum price is holding gains above the $1,800 level against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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