Ethereum Must Pass This Level! Current ETH Analysis

  • Ethereum is currently in a resistance zone on its hourly chart and may show a downward trend if it does not close above the $1880 level.
  • If it turns around from the support range of $1811-$1798, ETH can start an upward movement and advance to the $1930 levels.
  • For ETH to continue its upward trend, it is important to rise above the $1880 level.

When examining Ethereum’s hourly price chart, we observe that it is in a resistance zone. ETH’s closings at certain levels and its reversal from the support range can sustain the upward movement. However, the price needs to surpass a certain resistance.

Medium-Term ETH Price Analysis

8 Hour ETH/USD Price Chart

8 Hour ETH/USD Price Chart

When examining Ethereum’s 8-hour price chart, it is seen that it remained above the support range of $1811-$1828 mentioned in the previous analysis. In this case, the ETH price has reached the $1865 levels with a 3.28% upward movement.

Click here to see our ETH analysis that gained 3.28%.

If Ethereum can make daily candlestick closings above the $1828 level, it may have the potential to continue the upward movement.

The nearest resistance level for ETH is at the $1892 region. If Ethereum manages to close daily candlesticks above the $1892 level, it can continue the upward trend to the $2000 levels mentioned in the analysis.

Short-Term ETH Price Analysis

1 Hour ETH/USD Price Chart

1 Hour ETH/USD Price Chart

When examining Ethereum’s hourly price chart, it is seen that it is currently in a resistance zone in the short term.

If ETH does not make hourly candlestick closings above the $1880 level, it may start a downward movement from this zone and decline towards the $1811 levels.

Ethereum can start an upward movement from the support range of $1811-$1798 mentioned in the analysis and advance towards the $1930 levels.

For ETH to sustain its upward movement, it needs to rise above the $1880 level.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.

Bitcoin and Altcoins Face Correction Risk as Rate Cut Expectations Decline

Discover why Bitcoin and other cryptocurrencies may be on shaky ground, as economic indicators point to a potential market correction. Get expert insights on shifting market dynamics and what it could mean for crypto investors.

Bitcoin Price Outlook Dims as Crypto Stocks Slump, Peter Schiff Raises Doubts

Get the latest insights on the bearish trend in crypto markets, Peter Schiff's skepticism, and the impact on Bitcoin's price potential.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.

Is DYDX Ready to Start a New Rally? Latest DYDX Analysis 15 April

Following its recent fall, DYDX rebounded strongly to $2.28, and it is indicated that if it can sustain 3-day candle closes above this resistance level, the upward trend may continue.

Is Solana in a Long-Term Buy Zone? Current SOL Analysis 15 April

Following its recent decline to $118, Solana surged back to $145 with robust purchases; for long-term investors, the $132.40 to $121.36 range is seen as potential buying areas.

Will ARB Start Its Ascent? Latest ARB Analysis 15 April!

According to the analysis of ARB coin, staying above $0.98 could set it on a path to reach $1.90.
Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
spot_imgspot_imgspot_imgspot_img

Railgun Price Soars Over 140% After Vitalik Buterin Endorsement – Privacy Takes Center Stage

Discover the key factors driving Railgun's price surge, Buterin's involvement, and the growing importance of privacy in the cryptocurrency landscape.

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.