Ethereum Surpasses $1,800 High and It Poises to Resume Its Ascent

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Ethereum ETH) Current Statistics
The current price: $1,813.42
Market Capitalization: $218,147,340,610
Trading Volume: $218,147,340,610
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis May 19, 2023
Ethereum’s (ETH) price has been range-bound as it poises to resume its ascent. The price of Ether is now fluctuating between $1,740 and $1,900 with the hope of a rising trend. The price has barely moved as a result of the presence of Doji candlesticks. Ether’s price is only marginally above the support level. The largest altcoin will restart its upward trend if the price moves past the resistance at $1,900 or the moving average lines. The crypto will eventually reach its $2,000 peak once more. But Ether has already recovered from the last decline. Selling pressure on the downside is not likely to get worse. On the negative side, the extended candlestick’s tail shows active buying at lower price levels. Additionally, when buyers enter the market to drive prices up, the altcoin has entered the oversold area of the market.

Ethereum Surpasses $1,800 High and It Poises to Resume Its Ascent
ETH/USD – Daily Chart

ETH Technical Indicators Reading
On the Relative Strength Index, Ether is at level 44 for period 14. In the bearish trend zone, the largest altcoin is still vulnerable to additional decline. However, as Ether gets ready to resume an ascent, the bearish trend zone has diminished. The price bars are in a downward trend as they are below the moving average lines. The daily Stochastic for Ether is above level 50 and moving in a constructive direction. There is currently less of a bullish momentum.


Conclusion
Ether begins consolidating above the present support as it poises to resume its ascent. The 4-hour chart of the cryptocurrency is dominated by a small body of unresolved candlesticks. Ether will rebound if the current support holds.

Ethereum Surpasses $1,800 High and It Poises to Resume Its Ascent
ETH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy LBLOCK


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *