Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

Ethereum price started a recovery wave above the $1,780 level against the US Dollar. ETH must clear $1,820 to start a decent increase in the near term.


  • Ethereum is currently consolidating below the $1,820 resistance zone.

  • The price is trading below $1,820 and the 100-hourly Simple Moving Average.

  • There is a major bearish trend line forming with resistance near $1,818 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a decent increase if it settles above the $1,820 resistance.

  • Ethereum Price Recovery Faces Hurdle


    Ethereum’s price extended its decline below the $1,800 zone. ETH even declined below the $1,780 level before the bulls appeared near $1,760, similar to Bitcoin.


    A low was formed near $1,761 and the price is currently attempting a recovery wave. It is trading above the 23.6% Fib retracement level of the key decline from the $1,872 swing high to the $1,761 low. Ether is now trading below $1,820 an ..

    Support the originator by clicking the read the rest link below.