Can bulls break Ethereum's barrier?

Ethereum touched $1,750 in a negative drop. ETH is soaring and trying to break $1,850.

Ethereum began a new comeback over $1,800.
The price is over $1,800 and the 100-hour SMA.
The hourly ETH/USD chart broke above a negative trend line with resistance at $1,820.

The pair may rise if it breaks $1,850 resistance.
Ethereum Price Rises

Like Bitcoin, Ethereum fell from $1,880. ETH fell below $1,850 and $1,800. The price finally found support at $1,750.

Price rose after a low of $1,752. Above $1,800 and $1,810 barrier levels. The price rose above the 50% Fib retracement of the $1,872 swing high to $1,752 low decline.

In addition, ETH/USD broke above a negative trend line with resistance around $1,820 on the hourly chart. Ethereum is over $1,800 and the 100-hour SMA.

The upswing looks to be confronting difficulties between $1,840 and the 76.4% Fib retracement level of the bearish move from the $1,872 swing high to the $1,752 low. Around $1,850 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 may reach to $2,000 or $2,050 soon.

Another ETH drop?
Ethereum may fall again if it fails to break $1,850. At $1,820, downward support begins. First significant support is around $1,810.

A decisive break below $1,810 might bring the price into $1,780. More losses might push the price beyond $1,750. Next important support is $1,665.

Tech Indicators

Hourly ETH/USD MACD is rising in the positive zone.

Hourly ETH/USD RSI is over 50.

Major Support: $1,810

Major Resistance: $1,850

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