📊 ETH — A critical test at 1900
Ethereum is currently moving in a tight range between 1800$ and 1900$, and the price is consolidating (consolidation) before a clear directional decision.
🔍 Technical picture:
Strong support at the 1800–1840$ zone
Major resistance at 1900–1945$ (100-day moving average)
The sequence of higher lows on the 4-hour timeframe indicates increasing buying pressure, and this is a classic pattern before a potential breakout
💭 My view: A daily close above 1900$ could pave the way toward 2000$ as the next target. But if we lose the 1800$ level, it would wipe out most of the rebound gains that happened in July and return us to greater caution in the short term.
⚠️ This is my personal opinion and not investment advice — DYOR always.
#ETH #Ethereum Crypto
Ethereum is currently moving in a tight range between 1800$ and 1900$, and the price is consolidating (consolidation) before a clear directional decision.
🔍 Technical picture:
Strong support at the 1800–1840$ zone
Major resistance at 1900–1945$ (100-day moving average)
The sequence of higher lows on the 4-hour timeframe indicates increasing buying pressure, and this is a classic pattern before a potential breakout
💭 My view: A daily close above 1900$ could pave the way toward 2000$ as the next target. But if we lose the 1800$ level, it would wipe out most of the rebound gains that happened in July and return us to greater caution in the short term.
⚠️ This is my personal opinion and not investment advice — DYOR always.
#ETH #Ethereum Crypto