Ethereum (ETH) Shows Significant Technical Strength, With the Price Currently Above IDR29.9 Million (US$1820) and the 100-Hour Simple Moving Average (SMA)

Jakarta, Pintu News – The price of Ethereum (ETH) is showing potential gains towards the psychological level of US$2,000, currently trading above the 100-hour simple moving average (SMA) at $1,820.

As the chart above shows, the uptrend line provides dynamic support around $1,810, while the MACD indicator is in the bullish zone and the RSI is above the 50 level, indicating positive momentum.

If the price of ETH manages to break the resistance at $1,850, then the next targets are $1,920 and $1,950. A rise above these levels could pave the way to $2,000 or even $2,050 in the near future.

However, if the price fails to break the resistance at $1,850, then we may see a correction in the ETH/USD price. Initial support is at $1,825, with primary support at $1,810.

A drop below this level could push the price towards $1,780 or even $1,750. Therefore, it is important to monitor the support and resistance levels in making investment decisions.

The technical analysis shows that the price of Ethereum is showing potential gains towards $2,000, supported by positive technical indicators. However, investors should remain wary of possible price corrections and monitor the key support and resistance levels.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.