Ethereum price extended its rise and hit an all-time high of $1,830 against the US dollar. According to successful trader Aayush Jindal, Ethereum price is trading in a positive zone and looks set for real gains at $1,900.
- Ethereum price corrected lower, but regained strength to set a new all-time high around $1,830.
- Price is currently trading well above $1,750 and the 100 hourly easy moving average.
- There is a major ascending channel forming with reinforcement near $1,760 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair may decline in the short term, but bulls are likely to aim for more profits above $1,850.
Successful analyst: Ethereum price could rise real to $1,950
Ethereum price started to decline after rising above $1,800. Ethereum price corrected below $1,760 but remained stable above $1,720. As a result, there was a fresh increase above the $1,800 level. Ethereum price even rose to an all-time high of $1,830 and settled well above the 100 hourly easy moving average.
ETH is currently showing positive signs above the $1,800 level. According to the first reinforcement analyst, it is close to the $ 1,790 level. It broke the 50% Fib retracement level of the last wave from the $1,755 high to $1,830 high. There is also a major ascending channel forming with a support near $1,760 on the hourly chart of ETH/USD. A mid-level reinforcement is close to the $1,770 level, according to the analyst. The 76.4% Fib retracement level of the last wave from the $1,755 high to $1,830 high.
Here are the key levels Ethereum price could see soon
On the upside, the price is facing resistance near the $1,830 and $1,850 levels. A viable break above $1,850 could start a steady rise above $1,880. In the stated situation, the price may even break the $1,900 level and continue to rise to the $1,950 level without fail.
Ethereum price could correct lower if it fails to clear the $1,830 and $1,850 resistance levels. On the downside, the first major reinforcement is near the $1,770 level. The next major anchor is near the $1,760 channel support, according to the analyst. More losses are likely to lead the price towards the $1,700 level and the 100 hourly easy moving average.
Current view of Ethereum price with technical indicators
Hourly MACD: The MACD for ETH/USD is slowly gaining momentum in the bullish zone.
Hourly RSI: The RSI for ETH/USD is still well above the 50 level.
Main Booster Level: $1,760.
Main Resistance Level: $1,850.
Here are the successful predictions of Aayush Jindal
Kriptokoin.com , as we previously reported, successful analyst Aayush Jindal, Bitcoin, Ethereum, Ripple , Chanlink and many altcoins are a name that has successfully done technical analysis. Aayush Jindal has a history of successfully setting critical levels for many cryptocurrencies. The master analyst also correctly predicted the fall of BTC up to $ 28,500 a short time ago.