Past Performance of Ethereum
Ethereum buyers are confident, reading from the performance in the daily chart. There are encouraging higher highs as ETH claws higher, presently trading at the Q3 2022 trade range. Even though there was a cool-off, ETH will likely bounce higher ahead of the Shanghai upgrade.
#Ethereum Technical Analysis
The path of least resistance is northwards. Notice that prices are above February 2023 highs of
1,750, and the retest in March didn't force prices lower. The rebound in late March propelled prices to spot rates, a huge positive for optimistic buyers. Per the current ETH candlestick arrangement, every low above April 4 bull bar at 1,800 may offer entries with targets at 1,950 and later 
2,000. This preview will only change should there be a sharp dump, with rising volumes, below the middle BB and 1,800 in the next few days.
What to Expect from #ETH?
As it is, traders are confident of what lies ahead. The psychological reaction point at2,000 remains unchallenged, but that could change if the upcoming fundamental event draws buyers.
Resistance level to watch out for:1,950
Support level to watch out for:1,800
Disclaimer: Opinions expressed are not investment advice. Do your research.
Ethereum buyers are confident, reading from the performance in the daily chart. There are encouraging higher highs as ETH claws higher, presently trading at the Q3 2022 trade range. Even though there was a cool-off, ETH will likely bounce higher ahead of the Shanghai upgrade.
#Ethereum Technical Analysis
The path of least resistance is northwards. Notice that prices are above February 2023 highs of
1,750, and the retest in March didn't force prices lower. The rebound in late March propelled prices to spot rates, a huge positive for optimistic buyers. Per the current ETH candlestick arrangement, every low above April 4 bull bar at 1,800 may offer entries with targets at 1,950 and later 2,000. This preview will only change should there be a sharp dump, with rising volumes, below the middle BB and 1,800 in the next few days. What to Expect from #ETH?
As it is, traders are confident of what lies ahead. The psychological reaction point at
2,000 remains unchallenged, but that could change if the upcoming fundamental event draws buyers.Resistance level to watch out for:
1,950Support level to watch out for:
1,800Disclaimer: Opinions expressed are not investment advice. Do your research.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.