The price of Ethereum reaches the last H1 support, swims the following main resistance in the vision
The cause of confidence
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Ethereum, the second largest encrypted currency, increased by 12.3 % over the past seven days. Interestingly, Ethereum has kept firmly, with the support of Awards ascending This started after a sharp recovery of $ 1550, which started on Tuesday.
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As is the case, the price of ETHEREUM is in an important technical stage after re -testing the resistance level of $ 1799 and returns to the final support zone during the day. A new batch can open over $ 1800 the door to $ 1840 and beyond, while the deeper retrieval will test three important areas.
Ethereum turns resistance levels into support
The last ethereum gathering He saw that he exceeded three prominent resistance levels that refused to make their prices for most April. Interestingly, these resistance levels are at $ 1,590, 1,654 dollars, and 1703 dollars, as shown Through technical analysis From ETHEREUM prices on the Candlestick timeline diagram every hour on the Tradingview platform.
After this collapse, Ethereum continued to pressure up with momentum until he faced a tougher ceiling near the brand of $ 1800. After a short click in this area, the price He suffered from a slight rejectionRecovery again about 1730 dollars before finding support and starting another gradual climb.
As, resistance at $ 1,800 is the next level of overcoming Hopes close to $ 2000 Before the end of April. However, even if Ethereum does not reach this level, the upward feelings will remain in place if they can adhere to the broken resistance, which now turned into support on the H1 timeline. 
Ethereum could be optimistic that it was not $ 1,654
Ethereum Expectations are still rising As long as the newly reclaimed levels are at $ 1,590, 1654 dollars, and $ 1703, they still serve as reliable support areas. The first area, which was placed at $ 1703, represents the level of clock support in the short term. This area may attract early, but highly dangerous and easily fracture.
Under this lies the most important structural support at $ 1654, which is also evident on the graph for 4 hours. This level is a medium -risk area, characterized by a cleaning area and sound for the order. It has a higher probability of starting the bounce if tested, and maintaining it is important in maintaining the bullish bias in the short term of ETAREUM.
The most powerful support level is $ 1,590 and is somewhat low risk to re -enter. It has the risk ratio to the most suitable bonus, as there are smart money dealers It is likely to accumulate.
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As long as Ethereum remains above $ 1,703, the current upward trend remains valid. The bullish bias remains intact unless there is a confirmed break less than $ 1,654. The decrease without support of $ 1,654 would convert short -term outlook to neutral or landing. On the other hand, a A successful closure above $ 1,800 It can sneak towards the next goal about $ 1,840 or higher.
Distinctive image from Unsplash, tradingvief chart
