Ethereum Continues Upward Momentum with Key Support in Focus
The current Ethereum price is around $1810, with primary support near $1530 and the next resistance at $2285. The price recently bounced from a low near $1385, reinforcing the strength of that lower support zone. The RSI is about 56.6, indicating moderate bullish momentum (well below overbought levels). The MACD is positive (~36.3), signaling the start of a new upward wave. Bollinger Bands are slightly widening, but the middle band (20-day moving average) currently serves as a strong resistance.
Support/Resistance: Primary support at $1530, next resistance at $2285. The bounce from $1385 underlines the importance of the lower support.
RSI (Relative Strength Index): Around 56.6, suggesting healthy bullish momentum (not overbought).
MACD: Positive (~36.3), indicating the early phase of an uptrend.
Bollinger Bands: Slight expansion; the middle band (20-day MA) is currently acting as resistance.
This analysis points toward a continued rise toward the next resistance at $2285. However, a bearish scenario should not be ignored: if Ethereum fails to hold the key support, a pullback toward $1530 (and possibly down to $1385) could occur.