Ethereum

Convergence

Divergence

<a href="https://bitcoinworld.co.in/ethereum-price-prediction-key-risks-warn-against-chasing-eth-higher/" title="Ethereum Price Prediction – Key Risks Warn Against Chasing ETH Higher" rel="noopener noreferrer nofollow"></a> 
Ethereum, the popular cryptocurrency, is currently trading in a range above the $1,875 level. However, it faces resistance below $1,910 and the 100-hourly Simple Moving Average (SMA). On the hourly chart of ETH/USD, there is a notable rising channel with support of around $1,885. 
If the price remains below $1,920 for an extended period, it could experience a significant decline. Recently, Ethereum attempted to surpass the $1,900 level but failed to gain traction above the $1,920 resistance, following a similar pattern to Bitcoin. 
While the price briefly dipped below $1,885, it managed to stabilize above $1,875, with a low formed near $1,877. Currently, it is slowly recovering above the $1,885 level, with the mentioned rising channel providing support. 
The immediate resistance lies around the $1,900 level, which is close to the 50% Fibonacci retracement level of the recent decline from the $1,927 swing high to the $1,877 low. If Ethereum surpasses this hurdle, it may test the main resistance at $1,920. 
Beyond $1,920, the next significant resistance level stands at $1,940. If the bullish momentum continues, Ethereum could potentially reach the $2,000 resistance in the near future. 
However, if the cryptocurrency fails to break the $1,920 resistance, it might face downward pressure. The initial support on the downside is near $1,885, aligned with the channel trend line. A breach of this support could lead to further bearish momentum. 
The first major support level sits at $1,875, and a drop below this level may signal a stronger bearish trend. The next substantial support is around $1,825, and a close below this level could push the price toward the $1,770 support level. In the event of more significant losses, the doors might open for a potential move toward the $1,720 support level. 
As for technical indicators, the hourly Moving Average Convergence Divergence (MACD) for ETH/USD indicates weakening momentum in the bearish zone. The Relative Strength Index (RSI) for the pair is currently above the 50 level. 
In summary, Ethereum’s price is experiencing a critical phase, with key resistance at $1,920 and vital support at $1,875. Traders and investors will closely monitor these levels to gauge the potential direction of the cryptocurrency’s movement in the coming days. 
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Ethereum Price Prediction – Key Risks Warn Against Chasing ETH Higher

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