Blockchain News

Ethereum Seeks Recovery Above Key Levels: Can It Surpass the $1,900 Resistance?

Ethereum, the second-largest cryptocurrency, is making attempts to recover above the crucial $1,855 zone. Currently trading above $1,865 and the 100-hourly Simple Moving Average, Ethereum faces a major obstacle near the $1,900 resistance. A break above this level could initiate a significant increase in price. Let’s analyze the recent developments and key levels of Ethereum’s potential recovery.

Steady Recovery and Resistance:

Ethereum exhibited stability above the $1,825 support zone, leading to a gradual recovery. The price climbed slightly above $1,850, similar to Bitcoin. Bulls successfully pushed the price above the 100-hourly Simple Moving Average and broke the recent decline’s 50% Fibonacci retracement level from the $1,955 swing high to the $1,825 low. However, selling pressure emerged near the $1,900 resistance zone.

Bearish Trend Line and Immediate Resistance:

An important bearish trend line is forming with resistance near $1,900 on the hourly chart of ETH/USD. Ethereum is currently trading above $1,865 and the 100-hourly Simple Moving Average. Immediate resistance is anticipated near the $1,890 level, followed by the major resistance zone at $1,900, which aligns with the trend line. This trend line coincides with the 61.8% Fibonacci retracement level of the recent decline from $1,955 to $1,825.

Potential Upside Targets and Further Gains:

A decisive close above the $1,900 resistance could pave the way for a substantial increase toward $1,975. The next significant resistance awaits near the $2,000 level, followed by potential targets at $2,050 and $2,120. Should Ethereum continue to gather momentum, these levels may come into play.

Downside Risks and Key Support Levels:

In the event of a failure to surpass the $1,900 resistance, Ethereum might experience another decline. Initial support lies near $1,865, coinciding with the 100-hourly Simple Moving Average. The first significant support sits at $1,825, and a breach below this level could potentially lead to a larger downward move. The subsequent major support is around $1,740, with further losses possibly extending toward the $1,720 level in the short term.

Technical Indicators and Momentum:

The hourly MACD for ETH/USD shows a loss of momentum in the bullish zone, suggesting a cautious outlook. On the other hand, the hourly RSI is now above the 50 level, indicating a positive sentiment.


Ethereum’s recovery attempts are encountering resistance near the $1,900 level, represented by a bearish trend line. A breakthrough above this resistance could trigger a notable price increase, targeting $1,975 and potentially even $2,000. Conversely, a failure to surpass the resistance may lead to a downside movement. It is crucial to monitor key support levels, particularly $1,825, as a breach below that level could result in further losses. Traders and investors should closely observe the price action and market indicators to gauge Ethereum’s future trajectory.


Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.