$ETH

Ethereum (ETH) is trading around $1,776, encountering significant resistance levels that traders are closely monitoring.

Key Resistance Levels for Ethereum

• $1,800 – $1,820: This zone has proven to be a formidable barrier. ETH has tested this range multiple times, with bulls aiming to establish a foothold above it. 

• $1,850 – $1,880: A successful breach of the previous resistance could pave the way toward this next target, indicating sustained bullish momentum.

• $1,920 – $2,000: This range includes a psychological milestone at $2,000. Overcoming this level would signify a strong bullish trend and could attract further institutional interest.

Support Levels to Watch

• $1,740 – $1,780: These levels are acting as immediate support, with the 100-hour Simple Moving Average (SMA) providing additional backing. 

• $1,700: A critical support level; a drop below this could signal a potential shift in market sentiment.



• $1,620 – $1,665: If ETH fails to maintain above $1,700, these lower support levels may come into play, possibly leading to further declines.

Technical Indicators

• Relative Strength Index (RSI): Currently hovering above 50, indicating moderate bullish momentum without being overbought. 

• Moving Averages: ETH is trading above both the 50-day and 200-day SMAs, suggesting a positive medium-term outlook.

Ethereum is at a pivotal juncture. A decisive move above the $1,820 resistance could open the path toward $1,920 and potentially the $2,000 mark. Conversely, failure to sustain above current support levels may lead to a retest of lower support zones. Traders should monitor these key levels and indicators to inform their strategies.