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- Ethereum achieved a significant increase by surpassing the $1930 resistance level in its daily price chart.
- ETH’s upward movement can continue towards the $2070 level, and the important resistance zone is between $2070 – $2120.
- In Ethereum’s 2-hour chart, the $1962 resistance level is crucial, and as long as it stays above this level, it can continue its rise towards the $2025 level.
Ethereum continues its upward movement and progresses towards its targets by surpassing important resistance levels in its daily and 2-hour technical charts. What is the price target for ETH’s rise?
Medium-Term ETH Analysis
Daily ETH/USD Price Chart
When examining Ethereum’s daily price chart, it can be seen that it achieved a significant increase above the $1930 resistance level. Currently, ETH is moving around $1969 levels.
If Ethereum continues to close daily candles above the $1930 resistance level, its upward movement can continue towards the $2070 level. Additionally, the important daily resistance zone for ETH is between $2070 – $2120.
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If the ETH price achieves daily candle closes above the $2120 level, it can extend its upward movement towards the $2300 level. If ETH currently closes daily candles above $1930, the range between $1930 – $1900 can be considered as a new support level.
Short-Term ETH Analysis
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2-Hour ETH/USD Price Chart
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When examining Ethereum’s 2-hour technical chart, it can be seen that it is moving above the important resistance level of $1962. As long as the ETH price stays above the $1962 level, it can continue its rise towards the $2025 level.
However, if Ethereum achieves 2-hour candle closes below the $1962 level, it can extend its downward movement towards the $1930 support level. Investors are closely monitoring the $1962 level as an important support level in the short time frame. If this level is maintained, Ethereum can aim to initiate an upward trend towards $2025.
The strongest support zone for ETH is the $1893 level mentioned in the analysis. As long as the Ethereum price continues to close daily candles above $1893, it may continue its upward trend.
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