Ethereum Stays in a Range as It Challenges the 1,900 High

Ethereum ETH) Current Statistics
The current price: $1,910.86
Market Capitalization: $230,007,066,360
Trading Volume: $16,789,168,022
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis April 27, 2023
Ethereum (ETH) price is still fluctuating as it challenges the 1,900 high. The price of the cryptocurrency increased on April 26 as it tried to cross the moving average lines. At the time of this writing, the price of Ether is $1,908.40. The altcoin is rising to challenge or surpass the 21-day SMA. If the price of Ether rises over the 21-day SMA, it will resume its bullish trend and surge to the $2,000 high. If the bears breach below the 50-day SMA, the crypto asset runs the risk of falling to a low of $1,700. The largest altcoin is still restricted between the moving average lines in the interim.

ETH Technical Indicators Reading
Ether has a Relative Strength Index of 51 for period 14. Since Ether is still contained between the moving average lines, the RSI has stayed at the equilibrium price level. For some time now, there has been a balance between supply and demand. Due to the confinement in a range, the price bars for Ether are located between the moving average lines. The largest altcoin is moving bullishly over the daily Stochastic threshold 50.

Conclusion
Ethereum is still constrained between the moving average lines as it challenges the 1,900 high. The altcoin’s cost varies from $1,800 to $1,900. Either will trend when the moving average lines and the range bound level are violated. The moving average lines are currently encircling the cryptocurrency.

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