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{"id":533701,"date":"2023-05-18T02:50:56","date_gmt":"2023-05-18T02:50:56","guid":{"rendered":"https:\/\/wncen.com\/?p=533701"},"modified":"2024-06-11T12:46:46","modified_gmt":"2024-06-11T12:46:46","slug":"ethereum-price-surge-above-1850","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-surge-above-1850\/","title":{"rendered":"Ethereum Price Indicators Suggest A Strengthening Case For Surge Above $1,850"},"content":{"rendered":"

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.<\/em><\/p>\n

\n
Ethereum is currently facing a strong hurdle near the $1,850 resistance zone.<\/li>\n
The price is trading above $1,800 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,830 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if it clears the $1,840 and $1,850 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Could Rally Above $1,850<\/h2>\n
Ethereum\u2019s 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<\/a>.<\/p>\n
The price even spiked toward the $1,840 resistance<\/a> where the bears emerged. A high is formed near $1,835 and the price is now consolidating gains. Ether is now trading above $1,800 and the 100-hourly Simple Moving Average.<\/p>\n
It is also consolidating near the 23.6% Fib retracement level of the upward move from the $1,782 swing low to the $1,834 high. Immediate resistance is near the $1,830 level. There is also a key bearish trend line forming with resistance near $1,830 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next resistance sits near $1,840, above which Ethereum could gain bullish momentum and rise toward $1,850. \u00a0If there is a move above the $1,880 resistance level, the price might rise toward the $1,920 level. Any more gains above the $1,920 resistance zone could start a decent increase toward the $2,000 resistance.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If Ethereum fails to clear the $1,840 resistance, it could start a downside correction. Initial support on the downside is near the $1,815 level and 100 hourly SMA.<\/p>\n
The next major support is near the $1,800 zone or the 50% Fib retracement level of the upward move from the $1,782 swing low to the $1,834 high. If there is a clear move below the $1,800 support, the price could gain bearish momentum. In the stated case, the price might drop toward the $1,780 support zone. Any more losses may perhaps take the price toward the $1,740 level in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\n
Major Support Level \u2013 $1,800<\/p>\n
Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s 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. Ether is now trading above $1,800 and the 100-hourly Simple Moving Average. It is also consolidating near the 23.6% Fib retracement level of the upward move from the $1,782 swing low to the $1,834 high. Immediate resistance is near the $1,830 level. There is also a key bearish trend line forming with resistance near $1,830 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The next resistance sits near $1,840, above which Ethereum could gain bullish momentum and rise toward $1,850. \u00a0If there is a move above the $1,880 resistance level, the price might rise toward the $1,920 level. Any more gains above the $1,920 resistance zone could start a decent increase toward the $2,000 resistance. Fresh Decline in ETH? If Ethereum fails to clear the $1,840 resistance, it could start a downside correction. Initial support on the downside is near the $1,815 level and 100 hourly SMA. The next major support is near the $1,800 zone or the 50% Fib retracement level of the upward move from the $1,782 swing low to the $1,834 high. If there is a clear move below the $1,800 support, the price could gain bearish momentum. In the stated case, the price might drop toward the $1,780 support zone. Any more losses may perhaps take the price toward the $1,740 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is above the 50 level. Major Support Level \u2013 $1,800 Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"author":67,"featured_media":507527,"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-533701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Indicators Suggest A Strengthening Case For Surge Above $1,850<\/title>\n<meta name=\"description\" content=\"Ethereum price is still below the $1,840 resistance against the US Dollar. 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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 Indicators Suggest A Strengthening Case For Surge Above $1,850","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-surge-above-1850\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-surge-above-1850\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?fit=1000%2C667"},"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":"2023-05-18T02:50:56Z","datePublished":"2023-05-18T02:50:56Z","dateModified":"2024-06-11T12:46:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Indicators Suggest A Strengthening Case For Surge Above $1,850\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-surge-above-1850\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-surge-above-1850\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989-1.jpg?fit=1000%2C667\"},\"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\":\"2023-05-18T02:50:56Z\",\"datePublished\":\"2023-05-18T02:50:56Z\",\"dateModified\":\"2024-06-11T12:46:46Z\"}<\/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\/shutterstock_584552989-1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533701","targetHints":{"allow":["GET"]}}],"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=533701"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/507527"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=533701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=533701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=533701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}