The Ethereum (ETH) Price Index Is Chasing $1,888; What Comes Next?
With a focus on technical analysis, ETH is maintaining a position above the 50 EMA ($1,755) and is still inside a well regarded ascending channel. At its current price of $1,811, ETH is trading close to the $1,888 resistance level.
As long as price respects channel support, the bias remains optimistic despite the MACD momentum flattening, which indicates possible consolidation.
Two possible setups will present themselves to traders in the next sessions:
Setting up a Trade:
Breakthrough buy: Over $1,888
Possible upside levels are $1,959 and $2,035.
Resistance to keep an eye on: $1,755 (50 EMA)
Avoid losing more than $1,755
The Verdict
ETH's core fundamentals provide a cautiously optimistic background, with rapid accumulation, strong address growth, and excellent technical support.
If $1,888 is cleared with enough volume, it may pave the way for a bigger advance. But until that happens, Ethereum could stay where it is, with no clear way to break out of its current range and reach $5,000.
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