Technical Analysis for ETHUSD for 10th April 2023
Ethereum Firm, ETH Buyers Angling for $2,000
Past Performance of ETH
Ethereum Technical Analysis
The path of least resistance is northwards. Notice that prices are above February 2023 highs of $1,750, and the retest in March didn't force prices lower. The rebound in late March propelled prices to spot rates, a huge positive for optimistic buyers. Per the current ETH candlestick arrangement, every low above April 4 bull bar at $1,800 may offer entries with targets at $1,950 and later $2,000. This preview will only change should there be a sharp dump, with rising volumes, below the middle BB and $1,800 in the next few days.
What to Expect from ETH
As it is, traders are confident of what lies ahead. The psychological reaction point at $2,000 remains unchallenged, but that could change if the upcoming fundamental event draws buyers.
Resistance level to watch: $1,950
Support level to watch: $1,800
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