TA: Ethereum Prints Bullish Pattern, Why ETH Could Surge Past $1,800

Sep 13, 2022 06:00 am Cryptocurrency 129

Ethereum corrected lower below $1,750 against the US Dollar. ETH remained well bid above $1,680 and is eyeing a fresh surge above $1,750.

Ethereum is trading in a bullish zone above the $1,680 and $1,700 levels.

The price is now trading near $1,720 and the 100 hourly simple moving average.

There is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH/USD (data feed via Kraken).

The pair must clear $1,750 to continue higher towards $1,850 in the near term.

Ethereum Price Aims Higher

Ethereum gained pace above the $1,700 and $1,720 levels. ETH even cleared the $1,750 level, but there was no test of the $1,800 resistance zone. A high was formed near $1,788 before the price started a downside correction.

There was a move below the $1,750 level and the 100 hourly simple moving average. The price dipped below the 23.6% Fib retracement level of the ..

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