Will Ethereum continue to rise? What are ETH’s critical support and resistance levels? What is the future of Ethereum?
CoinOtag, April 5 - Will Ethereum continue to rise? What are ETH’s critical support and resistance levels? What is the future of Ethereum?
Medium-Term Ethereum Price Analysis!
12 Hour ETH/USD Price Chart Source: TradingView
When we examine Ethereum’s 12-hour price chart, it has continued its upward movement by reaching the resistance zone at $1911 after closing above the $1860 level mentioned in our previous ETH analysis.
Ethereum price may continue to rise up to $2024 if it continues to close daily candles above the $1860 level.
At the time of writing, Ethereum is trading around $1910. If ETH price closes above $1911 for 4-hour candles, it may continue its upward trend.
Short-Term ETH Price Analysis!
15 Minute ETH/USD Price Chart Source: TradingView
When we examine Ethereum’s price chart in the short term, it is continuing its sideways movement in the 15-minute time frame.
Ethereum price may continue to rise up to $1950 if it closes hourly candles above $1929.
If ETH closes hourly candles below the support level of $1903 in the short term, it may continue its downward movement to $1870.
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