{"id":172726,"date":"2023-03-21T03:26:10","date_gmt":"2023-03-21T03:26:10","guid":{"rendered":"https:\/\/precoinnews.com\/?p=172726"},"modified":"2023-03-21T03:26:10","modified_gmt":"2023-03-21T03:26:10","slug":"ethereum-price-analysis-eth-turns-attractive-on-dips","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-turns-attractive-on-dips\/","title":{"rendered":"Ethereum Price Analysis: ETH Turns Attractive On Dips"},"content":{"rendered":"
Ethereum price is consolidating above the $1,730 level against the US Dollar. ETH\/USD could rise further if it clears the $1,850 resistance zone.<\/em><\/p>\n In the past few days, ethereum saw a decent increase above the $1,600 level against the US Dollar. ETH price was able to gain pace for a move above the $1,660 level and the 55 simple moving average (4-hours).<\/p>\n The bulls even pushed the price above the $1,730 resistance zone. Finally, the price spiked above the $1,800 level and tested the $1,850 resistance zone. A high is formed near $1,846 and the price is now correcting gains. There was a minor decline below the $1,800 level.<\/p>\n Ether price declined below the 23.6% Fib retracement level of the upward move from the $1,613 swing low to $1,846 high. It is now consolidating above $1,700 and the 55 simple moving average (4-hours).<\/p>\n There is also a key bullish trend line forming with support near $1,730 on the 4-hours chart. An immediate resistance on the upside is near the $1,790 level. The next major resistance is near the $1,850 zone and the last swing high.<\/p>\n A clear move above the $1,850 level could send the price towards $1,920. Any more gains could even send the price towards the $2,000 resistance zone or $2,120 in the near term.<\/p>\n On the downside, an initial support is near the $1,730 level and the trend line. The next major support is now near the $1,700 level. A break below the $1,700 support could push the price to $1,660 or the 50% Fib retracement level of the upward move from the $1,613 swing low to $1,846 high. Any more losses could lead the price towards $1,550.<\/p>\n <\/p>\n Ethereum Price<\/p>\n Looking at the chart, Ethereum price is clearly trading above the $1,700 zone and the 55 simple moving average (4-hours). Overall, ether price could climb further if it stays above the $1,660 support zone.<\/p>\n 4 hours MACD \u2013 The MACD for ETH\/USD is now losing 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 $1,730, followed by the $1,660 zone.<\/p>\n Key Resistance$ Levels \u2013 $1,800 and $1,850.<\/p>\nEthereum Price Analysis<\/h2>\n
Technical indicators<\/h2>\n