{"id":122728,"date":"2021-04-27T07:59:44","date_gmt":"2021-04-27T07:59:44","guid":{"rendered":"https:\/\/precoinnews.com\/?p=122728"},"modified":"2021-04-27T07:59:44","modified_gmt":"2021-04-27T07:59:44","slug":"ethereum-price-analysis-eth-eyes-fresh-rally-to-2800","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-eyes-fresh-rally-to-2800\/","title":{"rendered":"Ethereum Price Analysis: ETH Eyes Fresh Rally To $2,800"},"content":{"rendered":"
Ethereum price is showing positive signs above $2,300 against the US Dollar. ETH\/USD remains well supported and it seems to be eyeing a strong surge to $2,800.<\/em><\/p>\n After a strong decline, ethereum found support near the $2,000 zone against the US Dollar. ETH spiked down on a couple of occasions, but it remained stable above the $2,000 zone.<\/p>\n A swing low was formed near $2,061 before the price started a fresh increase. It broke the $2,200 and $2,250 resistance levels. There was a clear break above the 50% Fib retracement level of the downward move from the $2,650 high to $2,061 low.<\/p>\n The bulls were able to push the price above the key $2,350 resistance zone. It is currently trading well above $2,300 and the 55 simple moving average (4-hours).<\/p>\n There is also a major bullish trend line forming with support near $2,200 on the 4-hours chart. The pair is now consolidating above the 76.4% Fib retracement level of the downward move from the $2,650 high to $2,061 low.<\/p>\n It is facing resistance near the $2,550 level. A clear upside break above the $2,550 resistance could set the pace for a move towards the $2,650 level. Any more gains could lead the price towards the $2,800 level.<\/p>\n On the downside, an immediate support is near the $2,450 level. The main support is near the $2,350 level and the 55 simple moving average (4-hours). Any more losses might call for a test of the trend line at $2,200.<\/p>\n <\/p>\n Ethereum Price<\/p>\n Looking at the chart, Ethereum price is clearly trading well above the $2,300 level and the 55 simple moving average (4-hours). Overall, ether price is likely to continue higher towards the $2,600 level or even $2,800 in the near term.<\/p>\n 4 hours MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n 4 hours RSI (Relative Strength Index) \u2013 The RSI for ETH\/USD is now well above the 50 level.<\/p>\n Key Support Levels \u2013 $2,350, followed by the $2,200 zone.<\/p>\n Key Resistance Levels \u2013 $2,550 and $2,650.<\/p>\nEthereum Price Analysis<\/h2>\n
Technical indicators<\/h2>\n