The current outlook for the value of ether against the US dollar is positive as it aims to surpass the $1,650 mark and potentially continue its upward trend by reaching $1,670. Ethereum’s value is gradually increasing and currently sits above $1,640 and the 100-hour simple moving average, with support near $1,625.

The hourly chart of ETH/USD shows a significant trend line that suggests a bullish trend. If the pair can overcome the resistance levels of $1,650 and $1,670, it could signal the start of an impressive climb.

Ethereum Price Eyes Upside Break

The price of Ethereum stayed steady above the $1,620 support region. Like Bitcoin, ETH established a foundation and made another effort to overcome the $1,650 obstacle.

Although there was a spike above the $1,650 area of resistance, the bulls had trouble approaching the next barrier at $1,670. Before the market reversed course, a peak was reached at around $1,669 in value. It was traded below the $1,650 mark. The downward movement from the $1,625 swing low to the $1,669 high was pushed below by the bears.

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The $1,640 zone was guarded by the bulls nonetheless. It is quite near the level of the upward movement from the swing low of $1,625 to the high of $1,669, or the 61.8% Fib retracement.


The 100-hour simple moving average and the price of ether are currently trading over $1,640. On the hourly chart of ETH/USD, a significant bullish trend line with support close to $1,625 is also developing. The price may encounter resistance near the $1,650 mark on the upside.

Another Decline in ETH?

Ethereum may begin another slide if it is unable to overcome the $1,670 resistance. Near $1,642 is where initial support on the downside is located.

Near $1,635 and the 100-hourly simple moving average are the first important supports. The trend line and $1,625 serve as the next important supports. If the price declines to below $1,625 it could reach $1,600. The price may return to the crucial $1,540 support level if there is a negative breach below $1,600.


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