Ethereum

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/ethereum-price-analysis-with-eth-price-struggling-above-1800-whats-next-1600-or-2000/">Ethereum Price Analysis: With ETH Price Struggling Above $1800, What’s Next? $1600 or $2000?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The biggest altcoin, Ethereum, displayed a range-bound price action between $1849 and $1887 for almost a week. However, the recent 1.79% fall in Ethereum prices forms a bearish candle breaking the bottom support to exceed the $1849 mark.&nbsp; 
Currently, the Ethereum price trades at $1833 below the 50-day EMA, with an intraday fall of 0.28%. The bearish range breakout intensifies the dark cloud over Ethereum prices, projecting a potential drop in market value to $1800. 
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With a closing price of $1820, Ethereum was at its lowest closing level in 36 days. This brings the biggest altcoin closer to a long-term support trendline forming since December 2022. The ascending support trendline has helped ETH prices bounce back five times since December 2022.&nbsp; 
The RSI indicator projects a high possibility of a bullish divergence forming at the coming retracement to the trendline. Meanwhile, the 200-day EMA follows a sideways track and stays close to $1800, ready to provide a cushion.&nbsp; 
In case of a bullish reversal, the Ethereum prices can reclaim the 50-day EMA and challenge the $2000 resistance level before reaching the $2150 mark. 
However, a prolonged downtrend can challenge the bullish dominance of the $1800 mark.&nbsp;

Ethereum Price Analysis: With ETH Price Struggling Above $1800, What’s Next? $1600 or $2000?

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