Ethereum Price Analysis & Prediction (April 17th) – ETH Finally Flips $2k, Taps 11-Month High With 14% Weekly Gains

2023-4-18 08:25

After a long consolidation phase, Ethereum climbed above the $2k resistance level and printed a new monthly high. It looks so bullish and is still charging to take more highs.

A quick recap from the past month of trading started with a rebound from a low of $1,370 to a peak of $1,850. It saw a rejection at that peak and entered a consolidation phase. 

ETH pushed through that phase to the $1.9k zone within a week and managed to stay in that zone up till last week – providing the bulls with an opportunity to accumulate by adding more positions. 

Meanwhile, the bearish sentiments for a correction and the FUD surrounding the price began to fade away following a relative 7% gain in that week. 

This week became more volatile as Ethereum continued to surge, charting 10% gains overnight. This led to a final break through the channel pattern and most importantly the $2k resistance level that posed a threat to the bulls for a long time. It later tapped an eleven-month high at around $2.1k today. 

There’s no room for any bearish actions at the moment. Even if the price drops now, the break resistance level could provide firm support for a rebound. The next area of interest for the bulls would be the lows of the first quarters of 2022.

ETH’s Key Level To Watch Source: Tradingview

Tapping a new high today, the next buying target to watch for this week lies at $2,160 – marked as January 2022 low. The next resistance levels to keep in mind are $2,300 and $2,451 – marked as February’s and March’s lows in the same year.

If the $2,030 level fails to provide a rebound in the course of a retracement, ETH may navigate the $1,948 level as support. The lower level to consider is $1,883. The buyers may face some hurdles to reclaim those levels.

Key Resistance Levels: $2,160, $2,300, $2,451

Key Support Levels: $2,030, $1,948, $1,883

Spot Price: $2,111 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: pookpiik/123RF // Image Effects by Colorcinch

origin »

High Voltage (HVCO) на Currencies.ru

$ 0.0012187 (+0.56%)
Объем 24H $0
Изменеия 24h: 0.13 %, 7d: -0.82 %
Cегодня L: $0.0012066 - H: $0.0012233
Капитализация $0 Rank 8594
Цена в час новости $ 0.0147322 (-91.73%)

high ethereum highs take quick still charging

Источник: nulltx.com

high ethereum → Результатов: 126


Ethereum Active Addresses Reach ATH, Here’s What Happened Last Time

On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has usually been bearish for the price of the crypto has gone off recently.

2022-8-3 22:00


A CBC Casper Tutorial

In order to help more people understand “the other Casper” (Vlad Zamfir’s CBC Casper), and specifically the instantiation that works best for blockchain protocols, I thought that I would write an explainer on it myself, from a less abstract and more “close to concrete usage” point of view.

2018-12-6 04:03


Ethereum Price Analysis: Bulls Continue to Defend ETH Price Above $100 — Can the Momentum Shift in Their Favor in December?

Ethereum had seen a significant price decline totaling over 56% from high to low during November 2018, creating fresh… The post Ethereum Price Analysis: Bulls Continue to Defend ETH Price Above $100 — Can the Momentum Shift in Their Favor in December? appeared first on Invest In Blockchain.

2018-12-4 16:32


AIDUS ICO

The AIDUS Global D-Fund Platform is a decentralized fund market established upon the ETHEREUM network to serve as a professional asset management platform in which global investors and asset management companies are able to use Blockchain technologies and SMART Contracts to safely and transparently create and settle into P2P (Peer-to-Peer) fund agreements.

2018-11-28 14:34


Bitcoin Tax Payments in Ohio is Now a Possibility

Ohio might just become the first state to successfully adopt Bitcoin as tax payment, after failed attempts from other states in the country. Ohio’s Cryptocurrency Initiative Set to Fly High According to the Wall Street Journal, businesses in Ohio can now pay its taxes, ranging from taxes from cigarette sales to employee taxes, using the […] The post Bitcoin Tax Payments in Ohio is Now a Possibility appeared first on Ethereum World News.

2018-11-27 13:05


Фото:

Ethereum Vulnerability Could Have Allowed Attackers to Drain Hot Wallets

A recent vulnerability in the Ethereum network could have reportedly allowed hackers to gain massive profits from cryptocurrency exchanges which haven’t set up a Gas usage limit. A Critical Vulnerability A group of researchers discovered a vulnerability in Ethereum which allowed attackers to drain exchanges by burning their ETH on high transaction costs or to benefit directly by minting GasToken.

2018-11-27 02:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

200k Ethereum genesis whale awakens: $11.37m sent to Kraken

A whale who received 200,000 ETH during Ethereum’s 2015 genesis block has moved closer to completing their market exit, transferring 3,370 ETH (valued at $11.37 million) to Kraken.  According to data shared by crypto analyst EmberCN, the whale transferred 48,687…

Bitget sets to innovate gas payments with BGB token amid major 40% supply burn

Bitget Wallet will prioritize its native BGB token for multi-chain gas payments via its innovative GetGas feature starting January 2025, according to a Dec. 27 statement shared with CryptoSlate. This initiative is set to streamline operations across multiple blockchains, including Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron.