Ethereum (ETHUSD) Price Forecast: April 18
The ETHUSD market is positive today. The coin might remain in that direction if the bulls could add more effort and the price closes above the $2131.20 supply level, the coin might further extend to a $3000.00 high level and beyond.
Key Levels:
Resistance Levels: $1800.00 $1900.00, $2000.00
Support Levels: $1400.00, $1300.00, $1200.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
Ethereum price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving toward the upper resistance area.
This is clear as we can see the prices trading at the upper resistance area indicating a strong bullish trend. However, the recent market has favored the bulls.
The drop in the coin price to the $2073.79 low value during yesterday’s session has no serious effect on the market as the price remains in an uptrend.
The buy traders made a strong push to the $2109.87 resistance level above the moving averages as the daily chart opens today which indicates intraday growth and more gains for the buyers. Staying above the moving averages makes the bulls capable to influence the
price tendency.
In addition, the Ethereum market may likely continue in the same trend as the bulls are clustered around the market which is in the overbought region. We can therefore expect the crypto to hit a high at the $3000.00 level soon as we watch the bulls dictating the market in its higher time frame.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
ETHUSD is showing a more bullish impact in its medium-term time frame. The bulls are having the market at their disposal at the moment. However, a high retest to the breached $2100.63 supply suggests strength in bullish momentum.
The bulls made an aggressive move up to the $2109.87 resistance level above the two EMAs shortly after the 4-hourly chart opened today. This however makes it capable for the coin to rise further.
Trading above the moving averages will enable the market value of Ethereum to keep pushing up. Thus, if the bulls should add more aggression to their activities in the market, the $3000.00 resistance level might be reached soon in its medium-term perspective.
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