Ethereum Price Watch | ETH/USD Hits $950 Mark, Further Upside Ahead

Key Highlights:

  • Ethereum hit the $950 mark at present, and the cryptocurrency might be headed towards $1,000 quickly
  • ETH surpassed $980 over the weekend, signaling restoration goes effectively and persevering with
  • ETH worth is holding down a serious resistance at $946

Ethereum Features Momentum, Additional Upside Forward

Ethereum continued its momentum from final week, with its worth reaching a excessive of $956 earlier at present. In the course of the weekend, ETH was in a position to break above $980, however has since cooled down. Nonetheless, a transfer towards $1,000 appears imminent.

Nonetheless, within the brief time period, we’ll probably see a downward transfer because the cryptocurrency checks a serious assist at $936. Any rebound after this downward pattern will see ETH check a resistance of $946 — that is its upside for the next hours.

Supply: Tradingview

The excellent news is that the candlestick patterns are displaying a bullish reversal. That is additionally backed by the RSI indicator, which is across the 40 degree, displaying that Ethereum is until underbought. The MACD indicator just isn’t telling something significant for the time being, however no weak indicators are noticeable.

Wanting on the Technical Indicators:

  • Hourly MACD — No bearish alerts
  • Hourly RSI — ETH is in a bullish zone
  • Main Help Stage — $936
  • Main Resistance Stage — $946

Featured Picture: twitter

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