Ethereum Price Charges Higher 2150

Ethereum price charges higher, $2,150 resistance under threat. Ethereum managed to stay above $2,020 and recovered losses.

Ethereum Price Analysis

Ethereum started a decent upward move above the $2,065 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD.

Key Resistance Levels

• $2,140 level or the 83.2% Fib retracement level
• $2,150 level
• $2,180 level

Ethereum Price Prediction

If the bulls remain in action above $2,065, the price could attempt another increase. A clear move above the $2,180 resistance might send the price toward the $2,220 resistance. An upside break above the $2,220 region might call for more gains in the coming days.

Support Levels

Initial support on the downside is near the $2,080 level. The first major support sits near the $2,065 zone. A clear move below the $2,065 support might push the price toward the $2,020 support.

Technical Indicators

The MACD for ETH/USD is gaining momentum in the bullish zone. The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,065, Major Resistance Level – $2,150.

Key Takeaways

• Ethereum price charges higher, targeting $2,150 resistance
• Bulls remain in action above $2,065, attempting another increase
• A clear move above $2,180 resistance might send the price toward $2,220
• Initial support on the downside is near the $2,080 level

Frequently Asked Questions

What is the current Ethereum price?

Ethereum price is currently trading above $2,080 and the 100-hourly Simple Moving Average.

What is the next major resistance level?

The next major resistance level is near the $2,180 level, with a potential upside break above the $2,220 region.