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{"id":558525,"date":"2023-11-01T04:36:12","date_gmt":"2023-11-01T04:36:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=558525"},"modified":"2024-06-11T13:33:50","modified_gmt":"2024-06-11T13:33:50","slug":"ethereum-price-liftoff-if-1850","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-liftoff-if-1850\/","title":{"rendered":"Ethereum Price is About to See \u201cLiftoff\u201d if It\u2019s Able to Hold One Crucial Level"},"content":{"rendered":"

Ethereum price is still struggling to clear the $1,850 resistance against the US dollar. ETH might rally again if it clears $1,820 and $1,850.<\/em><\/p>\n

\n
Ethereum is still facing a key barrier near the $1,850 zone.<\/li>\n
The price is trading above $1,785 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major rising channel forming with support near $1,800 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend its increase if it clears the $1,820 resistance.<\/li>\n<\/ul>\n
Ethereum Price Remains Supported<\/h2>\n
Ethereum started a slow and steady increase<\/a> from the $1,740 zone. ETH was able to reclaim the $1,800 resistance zone and avoided a major downside correction, like Bitcoin<\/a>.<\/p>\n
The bulls even pushed the price above the 50% Fib retracement level of the downside correction from the $1,865 swing high to the $1,740 low. Moreover, there is a major rising channel forming with support near $1,800 on the hourly chart of ETH\/USD.<\/p>\n
Ethereum is now trading above $1,785 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,820 level. It is close to the 61.8% Fib retracement level of the downside correction from the $1,865 swing high to the $1,740 low.<\/p>\n
If ETH surpasses the $1,820 resistance, it could rise toward the key barrier at $1,850. A close above the $1,850 resistance could start a fresh rally. In the stated case, the price could rally toward $1,950.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next key resistance is near $2,000, above which the price could accelerate higher. In the stated case, the price could rise toward the $2,120 level. The main hurdle sits at $2,250.<\/p>\n
Bearish Wave in ETH?<\/h2>\n
If Ethereum fails to clear the $1,820 resistance, it could start another decline. Initial support on the downside is near the $1,800 level, the 100-hourly Simple Moving Average, and the trend line.<\/p>\n
The next key support is $1,770. The main support is now forming near the $1,750 and $1,740 levels. A downside break below the $1,740 support might spark a bearish wave. In the stated case, Ether could drop toward the $1,650 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $1,740<\/p>\n
Major Resistance Level \u2013 $1,820<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is still struggling to clear the $1,850 resistance against the US dollar. ETH might rally again if it clears $1,820 and $1,850. Ethereum is still facing a key barrier near the $1,850 zone. The price is trading above $1,785 and the 100-hourly Simple Moving Average. There is a major rising channel forming with support near $1,800 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend its increase if it clears the $1,820 resistance. Ethereum Price Remains Supported Ethereum started a slow and steady increase from the $1,740 zone. ETH was able to reclaim the $1,800 resistance zone and avoided a major downside correction, like Bitcoin. The bulls even pushed the price above the 50% Fib retracement level of the downside correction from the $1,865 swing high to the $1,740 low. Moreover, there is a major rising channel forming with support near $1,800 on the hourly chart of ETH\/USD. Ethereum is now trading above $1,785 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,820 level. It is close to the 61.8% Fib retracement level of the downside correction from the $1,865 swing high to the $1,740 low. If ETH surpasses the $1,820 resistance, it could rise toward the key barrier at $1,850. A close above the $1,850 resistance could start a fresh rally. In the stated case, the price could rally toward $1,950. Source: ETHUSD on TradingView.com The next key resistance is near $2,000, above which the price could accelerate higher. In the stated case, the price could rise toward the $2,120 level. The main hurdle sits at $2,250. Bearish Wave in ETH? If Ethereum fails to clear the $1,820 resistance, it could start another decline. Initial support on the downside is near the $1,800 level, the 100-hourly Simple Moving Average, and the trend line. The next key support is $1,770. The main support is now forming near the $1,750 and $1,740 levels. A downside break below the $1,740 support might spark a bearish wave. In the stated case, Ether could drop toward the $1,650 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,740 Major Resistance Level \u2013 $1,820<\/p>\n","protected":false},"author":67,"featured_media":462317,"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":[65296,1946,8686,78803],"class_list":["post-558525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price is About to See \u201cLiftoff\u201d if It\u2019s Able to Hold One Crucial Level<\/title>\n<meta name=\"description\" content=\"Ethereum price is still struggling to clear the $1,850 resistance against the US dollar. 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