Ethereum

Resistance

<p><span style="color: rgb(28, 25, 23); font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Fira Sans&quot;, &quot;Droid Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: medium;">Ethereum has shown signs of recovery after holding key support at around $1,520 in mid-October. Though still stuck in a consolidation zone between $1,500 and $1,700 since August, Ethereum’s price has climbed back above $1,600 today.</span> Now, Ali <a href="https://twitter.com/ali_charts/status/1715308097176994052?s=20" target="_blank" rel="nofollow">reveals</a> to his 31k followers on X how Ethereum could be poised for a larger rebound if bulls can build on this momentum.</p>  
<h2 class="wp-block-heading" id="ascending-triangle-spotted">Ascending Triangle Spotted</h2> 
<p>In spite of the sideways churn, Ali points to an ascending triangle pattern that has formed on Ethereum’s 3-day chart. This technical setup consists of horizontal resistance along with rising higher lows – a potentially bullish signal if upside breakout occurs.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="546" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-1024x546.png" alt="" class="wp-image-360340" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-1024x546.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-767x409.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-1536x819.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-2048x1092.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-656x350.png 656w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526-788x420.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-526.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Specifically, Ali cites the 18-week simple moving average, currently around $1,650, as the key resistance line to watch. In his words, “A firm close above the 18SMA could propel $ETH to $1,800 – $1,900.”</p> 
<h2 class="wp-block-heading" id="upside-targets-if-breakout-confirmed">Upside Targets if Breakout Confirmed</h2> 
<p>If Ethereum can close decisively above the 18SMA near $1,650, Ali expects substantial upside follow through toward the $1,800-$1,900 area. This would represent a 15%+ gain from current levels around $1,620.</p> 
<p>In summary, Ethereum flipping a key moving average on the 3-day chart could confirm the ascending triangle and ignite a rally back toward the top of the recent trading range. Ali outlines the technical alignment that has Ethereum poised for more upside if bulls can fuel a breakout.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/ethereum-eth-primed-for-rebound-to-1900-if-this-key-resistance-breaks-top-analyst/">Ethereum (ETH) Primed for Rebound to $1,900 if This Key Resistance Breaks – Top Analyst</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum (ETH) Primed for Rebound to $1,900 if This Key Resistance Breaks – Top Analyst

Table of Contents

CaptainAltcoin

Other articles published on Oct 20, 2023

Why Whale Holdings in XRP Now Account for Nearly 30% of Total Supply

Wing Finance (WING) Price Prediction 2024, 2025, 2030, 2040, and 2050

XYO Price Prediction 2023-2032: Is XYO a Good Investment?

Angola (AGLA) Price Prediction 2024, 2025, 2030, 2040, and 2050

Avalanche Blockchain Developer Expands into India

XRP up +50% YTD as SEC drops charges against founders

Join our free newsletter for daily crypto updates!