Ethereum Price Prediction: Has the Rise to $1800 Begun?

  • Ethereum could not sustain its upward movement because it failed to break its resistance level at $1630.
  • If the ETH price fails to surpass the $1630 level, it may experience a downward movement towards the support levels at $1566, $1557, and $1548.
  • If the ETH price encounters strong buying reactions at these support levels, it can continue its price movement towards $1630 and $1700, initiating the upward trend from this region.

Ethereum could not sustain its upward movement because it failed to break its resistance level at $1630. The ETH price may continue to remain in a downward trend as long as it cannot surpass the $1630 level. However, if the ETH price encounters strong buying reactions at these support levels, it can continue its price movement towards $1700.

MEDIUM-TERM ETH ANALYSIS

Daily ETH/USD Price Chart

After a downward movement towards the $1549 support, Ethereum started to rise with strong buying reactions. If the ETH price reaches $1700, it will have converted the downward trend into an upward trend in the lower time frame. In this case, suitable entry regions can be sought for spot investors.

If the ETH price reaches $1700 and then performs a downward movement towards the $1600 levels, spot investments can be evaluated with daily candle closures below the $1549 level as stop. The upward target for ETH will be $1800.

However, if the ETH price falls below the $1549 level before reaching $1700, it is likely to continue its downward movement towards the $1448 levels.

SHORT-TERM ETH ANALYSIS

1 Hour ETH/USD Price Chart
1 Hour ETH/USD Price Chart

Ethereum could not sustain its upward movement because it failed to break its resistance level at $1630. If the ETH price fails to surpass the $1630 level, it may experience a downward movement towards the support levels at $1566, $1557, and $1548.

If the ETH price encounters strong buying reactions at these support levels, it can continue its price movement towards $1630 and $1700.

ETH investors should carefully monitor the support levels mentioned in the analysis and article if the $1630 resistance cannot be reached.

BREAKING NEWS

Bitcoin Whale Loses $15.08 Million After Dumping 998 BTC into Binance – $1.067 B Impact }

COINOTAG News reports that a strategic whale address deposited...

Ethereum Surge: 72,898 ETH (≈$279 M) Flowing to New Addresses Linked to Bitmine

COINOTAG News, October 18 – Onchain Lens monitoring has...

ETH Whale Dumps 4,190 Tokens, Incurring $264K Loss in 45 Minutes – The Ongoing Name Game of ETH Trading Slump 🚀

In a striking on‑chain move, a whale address liquidated...

Bitcoin Fuels White House Debate on 4% AI‑Powered GDP Growth, Says “Crypto Tsar” David Sacks

In an unannounced council meeting, cryptocurrency pioneer David Sacks,...

STRIPE BACKED TEMPO RAISES $500M AT $5B VALUATION: Link

STRIPE BACKED TEMPO RAISES $500M AT $5B VALUATION: Link #500M...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img