The price of Ethereum began a new rise above the $1,800 barrier against the US dollar and is currently aiming to climb toward $2,000. The price is currently consolidating gains as an important bullish trend line with support at $1,780 forms.
Get a 150% Welcome Bonus plus 100 Free Spins on your deposit right away by taking advantage of this crypto deal! With a crucial bullish trend line forming, the price of ethereum is currently trading above $1,780 and the 100 hourly simple moving average. The bulls’ next target is $2,000, and they expect to test the $2,120 resistance area in the near future.
In the event that ethereum is unable to overcome the $1,850 resistance, it may begin a new downtrend and fall as low as $1,720.The MACD is now losing momentum in the bullish zone, and the RSI is now above the 50 level.
