Ethereum

Daily

Rise

<p data-wp-editing="1"><a href="https://bc.game/i-q0xtr0kn-n/" rel="noopener noreferrer nofollow"><img class="alignnone wp-image-129906 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/10/bcgame.webp" alt="bcgame" width="350" height="250"></a></p>
<ul>
 <li>Ethereum’s 4-hour technical chart indicates that the price has continued its upward trend when it surpassed the $1649 resistance.</li>
 <li>However, closures below $1649 could potentially lead the price to drop to the $1602 – $1584 range.</li>
 <li>Daily closures above the $1743 resistance are of significant importance for long-term ETH investors.</li>
</ul>
<p><strong>Focusing on Ethereum’s 4-hour technical chart, we observe that the price has continued its upward trend by surpassing the $1649 resistance. However, closures below this resistance could potentially cause the price to drop into the $1602 – $1584 range.</strong></p>
<h2 id="strong-middle-term-eth-analysis-strong"><strong>MIDDLE-TERM ETH ANALYSIS</strong></h2>
<figure id="attachment_130093" aria-describedby="caption-attachment-130093" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" class=" td-modal-image wp-image-130093 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=696%2C360&amp;quality=70&amp;ssl=1" alt="Daily ETH/USD Price Chart" width="696" height="360" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=300%2C155&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=1024%2C530&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=768%2C397&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=1536%2C795&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=2048%2C1060&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=150%2C78&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=696%2C360&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=1068%2C553&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?resize=1920%2C994&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT_2023-10-23_22-19-17-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-130093" class="wp-caption-text">
  Daily ETH/USD Price Chart
 </figcaption>
</figure>
<p>When we examine Ethereum’s daily technical chart, Coinotag Analysts noted that in a previous analysis, closing below the $1538 level could potentially pull the price down to the $1448 – $1370 range. However, the ETH price started to rise, encountering strong buying reactions at the $1538 level, and it surged to <strong>$1712</strong>, providing investors with over 10% in gains.</p>
<p>Coinotag analysts expect ETH to maintain its upward trend by closing above the $1743 daily resistance. If the ETH price manages to achieve daily closures above the $1743 resistance, they suggest that the next target could be the $2100 level. However, if ETH fails to surpass the $1743 resistance, they anticipate a return to the downside, potentially revisiting the $1538 level and even extending to the <strong>$1448 – $1370</strong> support range.</p>
<p>Hence, long-term ETH investors should closely monitor daily closures above the $1743 resistance. If the ETH price cannot breach this resistance, it could trigger a resumption of the downward movement.</p>
<h2 id="strong-short-term-eth-analysis-strong"><strong>SHORT-TERM ETH ANALYSIS</strong></h2>
<figure id="attachment_130094" aria-describedby="caption-attachment-130094" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" class=" td-modal-image wp-image-130094 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=696%2C360&amp;quality=70&amp;ssl=1" alt="4-Hour ETH/USD Price Chart" width="696" height="360" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=300%2C155&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=1024%2C530&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=768%2C397&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=1536%2C795&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=2048%2C1060&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=150%2C78&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=696%2C360&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=1068%2C553&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?resize=1920%2C994&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/ETHUSDT.P_2023-10-23_22-27-03-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-130094" class="wp-caption-text">
  4-Hour ETH/USD Price Chart
 </figcaption>
</figure>
<p>When we focus on Ethereum’s 4-hour technical chart, we can see that it has continued its uptrend by surpassing the $1649 resistance. As long as ETH remains above the $1649 level, it aims to sustain the uptrend towards the <strong>$1778</strong> level.</p>
<p>However, if ETH’s price makes 4-hour closures below $1649, it could expand the downtrend towards the $1602 – $1584 range. But if the ETH price breaks below the $1649 support to the downside and then recovers to initiate the uptrend again, it may aim to reach the $1778 target.</p>
<p>The Coinotag Analyst team indicates that if ETH approaches the <strong>$1602 – $1584</strong> support range, it may tend to start the uptrend from this area. Therefore, they emphasize that this area is a crucial zone for confirming long positions.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/if-ethereum-manages-to-break-through-critical-resistance-it-could-rise-to-2100/">If Ethereum Manages to Break Through Critical Resistance, It Could Rise to $2,100!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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If Ethereum Manages to Break Through Critical Resistance, It Could Rise to $2,100!

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