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- According to Ethereum’s 12-hour technical chart, the $1630 level has been identified as an important support zone and the price has started to rise after encountering buyers at this level.
- If the ETH price continues to maintain strong closes above the $1630 level, it can continue its rise towards the $1717 levels.
- Ethereum is currently in an important support zone from the upward movement it started on March 15th. If this support is maintained, the price has the potential to move towards the $1717 resistance level and then the $1777 resistance level.
Upon examining Ethereum’s 12-hour technical chart, it can be seen that the price has experienced an upward movement after encountering buyers at the important support zone of $1630. As long as the ETH price maintains this support level, it can continue to rise towards the $1717 levels.
Medium-Term ETH Price Analysis
12-Hour ETH/USD Price Chart
Upon examining Ethereum’s 12-hour technical chart, it can be observed that the price is attempting to initiate an upward movement after encountering buyers at the important support zone of $1630.
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ETH price can continue its upward movement towards the $1717 levels as long as it continues to make strong closes above the $1630 level as indicated in the analysis.
Ethereum is currently in an important support zone from the upward movement it started on March 15th. As long as ETH price maintains this support, it can potentially move towards the $1717 resistance level and then the $1777 resistance level.
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If the ETH price fails to hold the $1630 support, the nearest support zone is observed at the $1597 levels.
Short-Term ETH Price Analysis
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15-Minute ETH/USD Price Chart
Upon examining Ethereum’s 15-minute technical chart, it can be observed that the price has initiated an upward movement after encountering strong buyers at the important support zone of $1625.
ETH price can continue its upward movement towards the $1655 level and then the $1680 level if it achieves 15-minute candle closes above the $1632 level as mentioned in the analysis.
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In order for the ETH price to reach the $1680 target, it needs to surpass the resistance zone at the $1655 level.
However, if Ethereum fails to break the $1655 resistance, it may experience a pullback towards the $1625 support.
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