Ethereum Price Pushes Higher as Bulls Fuel Market Optimism
Ethereum price started a recovery wave above the $2,050 zone. ETH is now showing positive signs and might aim for more gains above $2,150. If the bulls remain in action above $2,050, the price could attempt another increase. Immediate resistance is seen near the $2,135 level. The first key resistance is near the $2,150 level. The next major resistance is near the $2,220 level. A clear move above the $2,220 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,340 in the near term. If Ethereum fails to clear the $2,135 resistance, it could start a fresh decline. Initial support on the downside is near the $2,080 level. The first major support sits near the $2,050 zone. A clear move below the $2,050 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,950 region. The main support could be $1,920. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,050 Major Resistance Level – $2,150Another Decline In ETH?
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