{"id":460130,"date":"2021-04-01T05:08:59","date_gmt":"2021-04-01T05:08:59","guid":{"rendered":"https:\/\/wncen.com\/?p=460130"},"modified":"2024-06-11T14:14:27","modified_gmt":"2024-06-11T14:14:27","slug":"ethereum-price-holds-strong-1850","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-holds-strong-1850\/","title":{"rendered":"TA: Ethereum Price Holds Strong, Why Dips Remain Limited Below $1,850"},"content":{"rendered":"
Ethereum gained bullish momentum above the $1,850 resistance against the US Dollar. ETH price is currently correcting lower from $1,945, but it might find bids near $1,850.<\/em><\/p>\n Ethereum started a fresh increase after it broke the $1,850 resistance, similar to bitcoin<\/a>. ETH even surpassed the $1,920 resistance and settled nicely above the 100 hourly simple moving average.<\/p>\n However, the price struggled to continue higher above $1,945 and $1,950. There were two attempts to clear $1,945, but the bulls failed. A high is formed near $1,946 and the price is currently correcting lower. There was a break below the $1,920 support level.<\/p>\n The price is now approaching the $1,915 support. There is also a short-term contracting triangle forming with support near $1,915 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n If there is a downside break, the price could test the 23.6% Fib retracement level of the recent wave from the $1,769 swing low to $1,946 high. On the upside, the $1,945 and $1,950 levels are immediate hurdles. A clear break above the $1,950 resistance could clear the path for a test of the $2,000 level. Any more gains might call for a move towards the $2,045 level.<\/p>\n If Ethereum fails to climb above the $1,945 and $1,950 resistance levels, it could correct lower. An initial support on the downside is near the $1,905 level.<\/p>\n\n
Ethereum Price Extends Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n