Ethereum Surpasses the Prior High as It Aims the Resistance at $1,800

Ethereum ETH) Current Statistics
The current price: $1,710.23
Market Capitalization: $208,960,327,002
Trading Volume: $16,312,987,794
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis March 14, 2023
The price of Ethereum (ETH) is currently increasing as it aims the resistance at $1,800. On March 14, Ether’s price skyrocketed and surpassed the prior price level, reaching a new high of $1,782. The biggest altcoin received strong rejection at the most recent peak. At the time of writing, the price of Ether is $1,711. Buyers were unable to keep the bullish momentum above the most recent high as the market entered the overbought zone. If buyers sustain their upward momentum over the most recent high, the altcoin will also surge above the $1,800 high. Ether will drop to the previous range-bound levels between $1,500 and $1,700 if the bulls are unable to break through the current resistance level.

ETH Technical Indicators Reading
Ether is moving upward at level 62 of the Relative Strength Index for period 14. The altcoin has the potential for further growth. As long as the price bars remain above the moving average, the altcoin will continue to increase. Over the daily Stochastic level 75, Ether is rising. The price of the altcoin has been overbought.

Conclusion
Ethereum is on the increase as it aims the resistance at $1,800. The goal price for Ether is the $1,800 barrier level. The coin has retraced above the $1,700 threshold to advance further higher. The $1,800 high resistance will likely be overcome by Ether on the upside.

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