{"id":524070,"date":"2023-03-22T05:57:54","date_gmt":"2023-03-22T05:57:54","guid":{"rendered":"https:\/\/wncen.com\/?p=524070"},"modified":"2024-06-11T14:34:30","modified_gmt":"2024-06-11T14:34:30","slug":"ethereum-price-rally-1850","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-rally-1850\/","title":{"rendered":"Ethereum Price Could Stage Strong Rally If It Closes Above This Resistance"},"content":{"rendered":"<p><em>Ethereum price is still holding gains above $1,750 against the US Dollar. ETH could start a major rally if there is a close above the $1,850 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum is slowly moving higher towards the $1,840 resistance zone.<\/li>\n<li>The price is trading above $1,750 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a major bearish trend line with resistance near $1,740 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh rally if there is a clear move above the $1,850 resistance.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Fresh Increase<\/h2>\n<p>Ethereum price started a downside correction from the $1,850 resistance zone. ETH corrected lower and traded below the $1,800 level but the bulls remained active, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-leg-higher-over-28-5k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a>.<\/p>\n<p>A low was formed near $1,720 and the price is now rising. There was a break below a major bearish trend line with resistance near $1,740 on the hourly chart of ETH\/USD. The pair revisited the $1,840 resistance zone and traded as high as $1,837.<\/p>\n<p>The price is now consolidating gains and trading below the 23.6% Fib retracement level of the upward move from the $1,727 swing low to $1,837 high.<\/p>\n<p>Ether price is now trading above $1,750 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-grinds-lower-1730\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. It is also above the 50% Fib retracement level of the upward move from the $1,727 swing low to $1,837 high. On the upside, the price is facing resistance near the $1,820 zone.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-524071\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?resize=1834%2C845\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Ethereum-16.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>The next major resistance is near the $1,840 zone. The first major resistance is near $1,850. A close above the $1,850 resistance zone might start another major increase. In this case, the price may perhaps rise towards the $1,920 resistance level. Any more gains might send the price towards $2,000.<\/p>\n<h2>Dips Limited in ETH?<\/h2>\n<p>If ethereum fails to clear the $1,850 resistance, it could start another downside correction. An initial support on the downside is near the $1,780 level.<\/p>\n<p>The next major support is near the $1,765 zone and the 100 hourly simple moving average. If there is a break below $1,765, the price might drop towards $1,695. Any more losses might call for a test of the $1,650 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,765<\/p>\n<p>Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is still holding gains above $1,750 against the US Dollar. ETH could start a major rally if there is a close above the $1,850 resistance zone. Ethereum is slowly moving higher towards the $1,840 resistance zone. The price is trading above $1,750 and the 100 hourly simple moving average. There was a break below a major bearish trend line with resistance near $1,740 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear move above the $1,850 resistance. Ethereum Price Eyes Fresh Increase Ethereum price started a downside correction from the $1,850 resistance zone. ETH corrected lower and traded below the $1,800 level but the bulls remained active, similar to bitcoin. A low was formed near $1,720 and the price is now rising. There was a break below a major bearish trend line with resistance near $1,740 on the hourly chart of ETH\/USD. The pair revisited the $1,840 resistance zone and traded as high as $1,837. The price is now consolidating gains and trading below the 23.6% Fib retracement level of the upward move from the $1,727 swing low to $1,837 high. Ether price is now trading above $1,750 and the 100 hourly simple moving average. It is also above the 50% Fib retracement level of the upward move from the $1,727 swing low to $1,837 high. On the upside, the price is facing resistance near the $1,820 zone. Source: ETHUSD on TradingView.com The next major resistance is near the $1,840 zone. The first major resistance is near $1,850. A close above the $1,850 resistance zone might start another major increase. In this case, the price may perhaps rise towards the $1,920 resistance level. Any more gains might send the price towards $2,000. Dips Limited in ETH? If ethereum fails to clear the $1,850 resistance, it could start another downside correction. An initial support on the downside is near the $1,780 level. The next major support is near the $1,765 zone and the 100 hourly simple moving average. If there is a break below $1,765, the price might drop towards $1,695. Any more losses might call for a test of the $1,650 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,765 Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"author":67,"featured_media":504923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803],"class_list":["post-524070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Could Stage Strong Rally If It Closes Above This Resistance<\/title>\n<meta name=\"description\" content=\"Ethereum price is still holding gains above $1,750 against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Could Stage Strong Rally If It Closes Above This Resistance","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-rally-1850\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-rally-1850\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2023-03-22T05:57:54Z","datePublished":"2023-03-22T05:57:54Z","dateModified":"2024-06-11T14:34:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Could Stage Strong Rally If It Closes Above This Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-rally-1850\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-rally-1850\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-03-22T05:57:54Z\",\"datePublished\":\"2023-03-22T05:57:54Z\",\"dateModified\":\"2024-06-11T14:34:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/524070"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=524070"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/524070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/504923"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=524070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=524070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=524070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}