Has Ethereum Started its Rising Trend? Current ETH Analysis!

• Ethereum has experienced a rise of more than 2% today.
• Ethereum’s 24-hour volume has increased by 10% to reach $10,386,882,118.
• If ETH price remains above $1911, where will it go?

Will Ethereum continue to rise? What are ETH’s critical support and resistance levels? What is the future of Ethereum?

Medium-Term Ethereum Price Analysis!

12 Hour ETH/USD Price Chart Source: TradingView

When we examine Ethereum’s 12-hour price chart, it has continued its upward movement by reaching the resistance zone at $1911 after closing above the $1860 level mentioned in our previous ETH analysis.

Ethereum price may continue to rise up to $2024 if it continues to close daily candles above the $1860 level.

At the time of writing, Ethereum is trading around $1910. If ETH price closes above $1911 for 4-hour candles, it may continue its upward trend.

Short-Term ETH Price Analysis!

15 Minute ETH/USD Price Chart Source: TradingView

When we examine Ethereum’s price chart in the short term, it is continuing its sideways movement in the 15-minute time frame.

Ethereum price may continue to rise up to $1950 if it closes hourly candles above $1929.

If ETH closes hourly candles below the support level of $1903 in the short term, it may continue its downward movement to $1870.