By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: TA: Ethereum Key Indicators Suggest Strengthening Case For Move To $1,800
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > TA: Ethereum Key Indicators Suggest Strengthening Case For Move To $1,800
crypto

TA: Ethereum Key Indicators Suggest Strengthening Case For Move To $1,800

admin Published August 25, 2022
Last updated: 2022/08/25 at 10:05 AM
Share
SHARE

[ad_1]

Ethereum was able to clear the $1,650 resistance against the US Dollar. ETH might rise further towards $1,800 if it stays above the $1,625 support.

Contents
Ethereum Price Starts RecoveryFresh Drop in ETH?
  • Ethereum was able to slowly move higher above $1,640 and $1,650.
  • The price is now trading above $1,650 and the 100 hourly simple moving average.
  • There is a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it stays above the $1,625 support zone.

Ethereum Price Starts Recovery

Ethereum was able to start an upside correction above the $1,600 resistance zone. ETH climbed above the $1,620 and $1,625 levels, opening the doors for more gains.

The price broke the 23.6% Fib retracement level of the main drop from the $1,880 swing high to $1,524 low. Ether price even cleared the $1,650 resistance and settled above the 100 hourly simple moving average. Finally, it traded close to the $1,700 resistance, where the bears emerged.

The price is now trading above $1,650 and the 100 hourly simple moving average. There is also a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD.

An immediate resistance on the upside is near the $1,680 level. The first major resistance is now forming near the $1,700 level. It is near the 50% Fib retracement level of the main drop from the $1,880 swing high to $1,524 low. A clear move above the $1,700 level could start a steady increase.

Source: ETHUSD on TradingView.com

The next major resistance is near the $1,745 level, above which the price could gain bullish momentum and rise and test the $1,800 resistance.

Fresh Drop in ETH?

If ethereum fails to rise above the $1,700 resistance, it could start a fresh decline. An initial support on the downside is near the $1,650 zone, the 100 hourly simple moving average, and the channel trend line.

The next major support is near $1,625, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,550 level. Any more losses may perhaps open the doors for a move towards the $1,520 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 50 level.

Major Support Level – $1,625

Major Resistance Level – $1,700

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin August 25, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Thirdweb raises $24M at a $160M valuation from Haun Ventures, Shopify and Coinbase for its Web3 development kit – TechCrunch
Next Article Worldcoin co-founder Novendstern leaves startup to start new venture – TechCrunch

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?