- If Ethereum closes above the $1930 resistance level for a period of 2 hours, it can continue its rise up to $1963.
- If the $1930 resistance level cannot be broken, there is potential for ETH to extend its downward movement towards the $1872.47 support level.
- In the daily chart, Ethereum is approaching the $1930 resistance level, and if it breaks this resistance and closes above it on a daily basis, it can move up to $2100.
When examining Ethereum’s short-term technical chart, it can be seen that the upward trend continues and the $1930 resistance level is crucial. In the daily chart, it is emphasized that Ethereum has the potential to rise towards $2100 as it approaches the $1930 resistance level and closes above it.
Medium-Term ETH Analysis
Daily ETH/USD Price Chart
When examining Ethereum’s daily technical chart, it can be observed that it is approaching a resistance zone near the $1930 level. Today, ETH price is moving around $1907, having achieved a 3% increase.
If ETH price closes above the $1930 resistance level on a daily basis, it can continue its upward movement towards $2100. The $1930 resistance level is considered important for Ethereum.
If Ethereum breaks the $1930 resistance and maintains it, the first target could be $1990. If ETH breaks the $1990 resistance, the next target could be $2100.
However, if Ethereum fails to break the $1930 resistance, it can extend its downward movement towards $1829. If ETH price closes below $1829 on a daily basis, it can continue its downward movement towards the support range of $1778 to $1750.
Short-Term ETH Analysis
2-Hour ETH/USD Price Chart
When examining Ethereum’s short-term technical chart, it can be seen that it is within an upward trend. If ETH price closes above the $1930 resistance level on a 2-hour basis, it can continue its rise up to $1963.
However, if Ethereum fails to break the $1930 resistance, it can extend its downward movement towards the $1872.47 support level. As long as ETH price remains above the $1872 support, it will tend to continue the upward trend. After the $1872 support, the next important support level is at $1858.
If Ethereum price remains above the $1858 support, the upward target will be $1963. However, if ETH closes below the $1858 level on a 2-hour basis, it can extend its downward movement towards $1758.
