- Ethereum (ETH) price is moving near the $1828 support.
- If ETH closes above the $1821 level on a 4-hour basis, it could trigger an upward movement.
- If ETH breaks the $1858 resistance, a rise towards $1894 can be expected.
When examining the current technical analysis of Ethereum, it can be seen that the ETH price is moving near the $1828 level. If ETH continues to close above $1821, it may increase its upward potential, and breaking the $1858 resistance could lead to further upward movement.
Medium-Term ETH Analysis
Ethereum started a downward movement and dropped to the $1821 support after failing to break the $1930 resistance as mentioned in our analysis shared 1 day ago. Readers who examined our analysis were saved from a 5% loss.
Click Here to Review Our Previous ETH Analysis.
When examining the current technical analysis of Ethereum, it can be seen that the ETH price is currently around $1825. The nearest support level is determined as $1821. If the ETH price continues to close above $1821 on a 4-hour basis, it can start to rise.
However, if ETH closes below the $1821 level on a daily basis, it can extend the downward movement to the $1778 levels. The $1778 level is an important support level for the Ethereum price. If ETH encounters strong buyer reactions from the $1778 level, it can start the upward movement from this level.
If ETH encounters strong buying pressure from the $1778 level, it can continue its rise towards the $1930 level and then the $2080 levels.
According to the technical analysis of Ethereum, the $1821 support level, the $1778 support level, and the $1930 resistance level are important points. Monitoring these levels is important for determining the future movements of the ETH price.
Short-Term ETH Analysis
2-Hour ETH/USD Price Chart
When examining the 2-hour technical chart of Ethereum, it can be observed that it is moving near the $1828 support. ETH has closed above the $1828 support in the last 4-hour period. This situation may increase the possibility of an upward movement towards the $1858 levels in the ETH price.
In order for ETH to rise to the $1858 levels, it needs to close above the $1828 support on a 4-hour basis. If the ETH price can break the $1858 resistance and close above it, it can expand the upward movement towards the $1894 region.
However, if ETH fails to break the $1858 resistance, it can initiate a downward movement and perform a movement towards the $1785 levels. In this case, the target can be towards the $1785 levels.
If the ETH price encounters strong buying pressure from the mentioned support range of $1791 – $1774, it can continue the upward movement from this range and reach the $2080 levels.
