Ethereum price is rising above the $1,850 level against the US Dollar. ETH\/USD could rise further if it clears the $1,920 resistance zone.<\/em><\/p>\nEthereum Price Analysis<\/h2>\n
In the past few days, Ethereum saw a decent increase above the $1,800 level against the US Dollar. ETH price was able to gain pace for a move above the $1,850 level and the 55 simple moving average (4 hours).<\/p>\n
The bulls even pushed the price above the $1,880 resistance zone. A high was formed near $1,928 before the bears appeared. There was a minor downside correction below the $1,900 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,759 swing low to the $1,928 high.<\/p>\n
Ether\u2019s price is now trading above $1,850 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $1,880 on the 4-hours chart.<\/p>\n
Immediate resistance on the upside is near the $1,920 level. The next major resistance is near the $2,000 zone. A clear move above the $2,000 level could send the price toward $2,140. Any more gains could even send the price toward the $2,220 resistance zone or $2,280 in the near term.<\/p>\n
On the downside, initial support is near the $1,880 level. The next major support is now near the $1,850 level or the 50% Fib retracement level of the upward move from the $1,759 swing low to the $1,928 high. A break below the $1,850 support could push the price to $1,800. Any more losses could lead the price towards $1,750.<\/p>\n
![](\"https:\/\/www.livebitcoinnews.com\/https:\/\/s3.amazonaws.com\/lbn-s3\/2023\/05\/Ethereum-4.png\")
<\/p>\n
Ethereum Price<\/p>\n
Looking at the chart, Ethereum\u2019s price is trading above the $1,850 zone and the 55 simple moving average (4 hours). Overall, Ether\u2019s price could climb further if it stays above the $1,850 support zone.<\/p>\n
Technical indicators<\/h2>\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 $1,880, followed by the $1,850 zone.<\/p>\n
Key Resistance$ Levels \u2013 $1,920 and $2,000.<\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Earn Your First Bitcoin Sign up and<\/p>\n","protected":false},"author":3,"featured_media":176168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
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