Ethereum Price Analysis: ETH Reclaims $1800 Following 8% Weekly Surge

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Key Support Levels: $1800, $1755, $1700
Key Resistance Levels: $1820, $1875, $1900.

Last week, Ethereum had dropped from resistance at $1875 as it fell into the support at $1545 (.618 Fib). This support was further bolstered by the lower angle of a symmetrical triangle pattern, which helped it to rebound on Friday.

The cryptocurrency toyed with the $1700 level over the weekend until it broke higher yesterday to breach resistance at $1755 (bearish .618 Fib) and climb above $1800. It is now facing resistance at the upper angle of a symmetrical triangle pattern. Source