Ethereum Surpasses the $1,850 High to Reach the Target Price Level

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Ethereum ETH) Current Statistics
The current price: $1,860.43
Market Capitalization: $224,183,772,046
Trading Volume: $12,021,712,236
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis April 4, 2023
Ethereum (ETH) price is rising as it reaches the target price level
of $2,000. The next move is probably toward the $2,000 psychological price level. Since March 18, price increases have been constrained by the $1,850 resistance level. The exchange rate for ETH/USD is $1,867 as of this writing. The price indicator predicts that the coin will continue to move upward. On the uptrend of March 14, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement predicts that ETH will rise to the Fibonacci extension level of 1.618, or $2,014.89. Price movement indicates that Ether is approaching its record high of $1,900. Ether will quickly reach the psychological price level of $2,000 once it crosses the $1,900 barrier line.

ETH Technical Indicators Reading
In the period 14 of the Relative Strength Index, Ether is at level 62.
Ether can rise even higher to reach the previous high. The price bars have remained above the moving average indicating the uptrend. Moving average lines have an upward slope. The Ether market has risen to an overbought area. It is above the daily Stochastic level of 80. There will be a small retracement for Ether as the market reaches the overbought region.

Conclusion
The price of Ethereum is now moving again as reaches it the target price level. The coin is barely retracing its steps. However, the current uptrend will resume if price retraces and holds above the $1,850 support level. On the other hand, Ether will begin its range-bound move if price breaks below the $1,850 support.

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