{"id":170005,"date":"2023-01-24T05:25:52","date_gmt":"2023-01-24T05:25:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170005"},"modified":"2023-01-24T05:25:52","modified_gmt":"2023-01-24T05:25:52","slug":"ethereum-price-analysis-bulls-aim-1800-or-higher","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-bulls-aim-1800-or-higher\/","title":{"rendered":"Ethereum Price Analysis: Bulls Aim $1,800 or Higher"},"content":{"rendered":"
Ethereum price is rising above the $1,550 level against the US Dollar. ETH\/USD could rise further if it clears the $1,680 resistance zone.<\/em><\/p>\n In the past few days, ethereum saw a strong increase above the $1,450 level against the US Dollar. ETH price was able to gain pace for a move above the $1,550 level and the 55 simple moving average (4-hours).<\/p>\n The bulls even cleared the $1,600 resistance zone. The price even spiked above the $1,650 level and formed a high near the $1,680 level. It is now consolidating gains above the $1,600 level. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1,500 swing low to $1,680 high.<\/p>\n It is now trading above $1,550 and the 55 simple moving average (4-hours). An immediate resistance on the upside is near the $1,650 level. The next major resistance is near the $1,680 zone.<\/p>\n Any more gains could even send the price towards the $1,750 resistance zone in the near term. On the downside, an initial support is near the $1,610 level. There is also a connecting bullish trend line forming with support near $1,610 on the 4-hours chart.<\/p>\n The next major support is now near the $1,590 level. The main support is near the $1,580 level or the 50% % Fib retracement level of the upward move from the $1,500 swing low to $1,680 high.<\/p>\n A break below the $1,580 support could push the price to $1,520. Any more losses could lead the price towards $1,450 or even $1,320 in the coming days.<\/p>\n <\/p>\n Ethereum Price<\/p>\n Looking at the chart, Ethereum price is clearly trading above the $1,550 zone and the 55 simple moving average (4-hours). Overall, ether price could climb further if it clears the $1,680 resistance zone.<\/p>\n 4 hours MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n 4 hours RSI (Relative Strength Index) \u2013 The RSI for ETH\/USD is now above the 50 level.<\/p>\n Key Support Levels \u2013 $1,610, followed by the $1,580 zone.<\/p>\n Key Resistance$ Levels \u2013 $1,650 and $1,680.<\/p>\nEthereum Price Analysis<\/h2>\n
Technical indicators<\/h2>\n