Ethereum Price Holds After Surge—Consolidation or Reversal?

Ethereum price surged beyond $1,750 barrier. ETH may try to break $1,840 barrier after holding gains.

Ethereum rose beyond $1,750 again.

The price is over $1,720 and the 100-hour SMA.
The hourly ETH/USD chart shows a positive trend line with support at $1,780.

If it breaks $1,820 barrier, the pair may rise again.
Ethereum Price Rises

Ethereum price stayed over $1,650 and rose like Bitcoin. ETH traded over $1,700, $1,720. Bulls pushed prices over $1,750.

The couple broke $1,800. Price consolidation began after a peak of $1,8343. The slide approached the 23.6% Fib retracement level of the $1,565 swing low to $1,834 high.

Ethereum is over $1,720 and the 100-hour SMA. On the hourly ETH/USD chart, a positive trend line connects to $1,780.

The price may face resistance at $1,820 on the upside. Around $1,840 is the next major resistance. Near $1,880 is the first substantial resistance. A clean break over $1,880 might push the price above $1,920.

Above $1,920 barrier might lead to greater advances in the following sessions. Ether might soar to $1,950 or $2,000 in the short future.

Does ETH Support Dips?
Ethereum may fall again if it fails to break $1,820. At $1,780, downward support begins. First significant support is around $1,740.

A clean break below $1,740 might bring the price near $1,700 or the 50% Fib retracement level of the upward trend from the $1,565 swing low to the $1,834 high. More losses might push the stock toward $1,665 support. The next support is $1,620.

Tech Indicators

Hourly MACD - ETH/USD MACD is losing bullish momentum.

Hourly ETH/USD RSI is over 50.

Major Support—$1,740

Major Resistance: $1,820

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