Ethereum Price Indicators Suggest A Strengthening Case For Surge Above $1,850

May 18, 2023 04:00 am Cryptocurrency 98

Ethereum price is still below the $1,840 resistance against the US Dollar. ETH could start a decent increase if it clears $1,840 and $1,850.

Ethereum is currently facing a strong hurdle near the $1,850 resistance zone.

The price is trading above $1,800 and the 100-hourly Simple Moving Average.

There is a key bearish trend line forming with resistance near $1,830 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase if it clears the $1,840 and $1,850 resistance levels.

Ethereum Price Could Rally Above $1,850

Ethereum’s price started a decent upward move from the $1,780 support zone. ETH moved above the $1,800 and $1,820 resistance levels, similar to Bitcoin.

The price even spiked toward the $1,840 resistance where the bears emerged. A high is formed near $1,835 and the price is now consolidating gains. Et ..

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