ETHEREUM PRICE ANALYSIS : Will ETH breach or sustain $1800 as a barrier?

[Coin_Gabbar]

The Ethereum (ETH) price plummeted sharply in late August, as the crypto market was severely impacted by global market sentiments.
However, prices quickly established a strong hold at $1400 support and resumed their current recovery. Furthermore, assuming theEthereum Merge event has no adverse implications, the coin price should steadily exceed $2000.

According to Price Analysis, Ethereum has surged above the $1,700 resistance level against the US dollar. ETH is showing signs of life and may even break through the $1,800 resistance level.

Ethereum remained strongly grabbed over the $1,650 level and started a fresh climb. ETH was managed to break over the critical $1,700 resistance zone as well as the 100 hourly simple moving average.

The price has clearly moved above the $1,750 resistance level. A fresh multi-week high at $1,7898 was formed, and the pair is presently retracing gains. Below $1,750, there was a minor decline. The price of ether has fallen below the 23.6% Fib retracement level of the latest rise from the $1,620 swing low to the $1,788 high.

The Ethereum (ETH) price, on the other hand, is struggling at the psychological resistance of $1800 on declining volume, indicating a higher probability of a price reversal. Furthermore, the formation of an evening star pattern in the supply zone raises the chance of a downturn. If this happens, the upswing may reverse to the $1550 or $1400 support levels.

The price is currently trading over $1,700 as well as the 100 hourly simple moving average. On the hourly chart of ETH/USD, a significant bullish trend line with support at $1,725 is also formed.

Furthermore, a daily candlestick close above $1800 will strengthen bullish momentum and provide sideline buyers with a breakthrough entry chance. Aside from that, the breakout of the 23.60% Fibonacci level at $1760 predicts an increase in ETH prices to the 200-day EMA at the psychological figure of $2000.

On the upside, ETH is facing resistance at $1,800. The next key resistance is at $1,860. A clear break above $1,860 might take the price up to $1,920. If the bulls continue pushing, the price might reach $2,000 again.

If ETH fails to break over the $1,800 resistance level, it may begin a downward trend. On the downside, initial support is at $1,720. A fall below the $1,700 support level might result in more losses, the price of ether may fall below $1,650.


KEY LEVELS :

RESISTANCE LEVEL : $1800-$1880

SUPPORT LEVEL : $1700-$1640
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[owmivmen]

The Merge will work to increase the price of ethereum.  I know the current $1800 resistance but it's possible this event will make price movements very volatile.  I hope you are always careful and see if there are signs of rejection in the market due to The Merge

[TomPluz]

The Merge will work to increase the price of ethereum.  I know the current $1800 resistance but it's possible this event will make price movements very volatile.  I hope you are always careful and see if there are signs of rejection in the market due to The Merge

Many Ethereum people are hoping that the merge will be doing a lot of positive impact on the price of Ethereum. Now, am seeing that there can be some uptick on this but it can be so hard to say if there will be a strong momentum for it...eventually the price of Eth will go back being influenced by Bitcoin though am hoping am so wrong because this can be a big opportunity for Ethereum to take the leadership in the crypto industry.