Coin Gabbar Token

The Ethereum (ETH) price plummeted sharply in late August, as the crypto market was severely impacted by global market sentiments.However, prices quickly established a strong hold at $1400 support and resumed their current recovery. Furthermore, assuming theEthereum Merge event has no adverse implications, the coin price should steadily exceed $2000.According to Price Analysis, Ethereum has surged above the $1,700 resistance level against the US dollar. ETH is showing signs of life and may even break through the $1,800 resistance level.<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">Ethereum</a> remained strongly grabbed over the $1,650 level and started a fresh climb. ETH was managed to break over the critical $1,700 resistance zone as well as the 100 hourly simple moving average.The price has clearly moved above the $1,750 resistance level. A fresh multi-week high at $1,7898 was formed, and the pair is presently retracing gains. Below $1,750, there was a minor decline. The price of ether has fallen below the 23.6% Fib retracement level of the latest rise from the $1,620 swing low to the $1,788 high.The Ethereum (ETH) price, on the other hand, is struggling at the psychological resistance of $1800 on declining volume, indicating a higher probability of a price reversal. Furthermore, the formation of an evening star pattern in the supply zone raises the chance of a downturn. If this happens, the upswing may reverse to the $1550 or $1400 support levels.The price is currently trading over $1,700 as well as the 100 hourly simple moving average. On the hourly chart of ETH/USD, a significant bullish trend line with support at $1,725 is also formed.Furthermore, a daily candlestick close above $1800 will strengthen bullish momentum and provide sideline buyers with a breakthrough entry chance. Aside from that, the breakout of the 23.60% Fibonacci level at $1760 predicts an increase in ETH prices to the 200-day EMA at the psychological figure of $2000.On the upside, ETH is facing resistance at $1,800. The next key resistance is at $1,860. A clear break above $1,860 might take the price up to $1,920. If the bulls continue pushing, the price might reach $2,000 again.If ETH fails to break over the $1,800 resistance level, it may begin a downward trend. On the downside, initial support is at $1,720. A fall below the $1,700 support level might result in more losses, the price of ether may fall below $1,650.KEY LEVELS :RESISTANCE LEVEL : $1800-$1880SUPPORT LEVEL : $1700-$1640Get more crypto related updates on :-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

ETHEREUM PRICE ANALYSIS : Will ETH breach or sustain $1800 as a barrier?

Coingabbar

Other articles published on Sep 12, 2022

RACEFI STAKING PROGRAM Phase I

AAVE PRICE ANALYSIS : Bulls are ready to break the symmetrical triangle pattern as the market tra...

10,000 Career Shiba Inu NFTs: How To Get Your Airdrop?

US economy is headed toward deflation, according to Elon Musk

Fringe Finance is integrating Frax Protocol’s $FXS this Sept 14th!

GETTING STARTED WITH WEB3 GAMING

Join our free newsletter for daily crypto updates!