ETH: $1800 Break Needed to Regain Momentum
ETH stays capped below $1800 resistance with downside risks to $1385 and $1505, mirroring Bitcoin at $66000 levels.
SourceAnalysis
ETH remains trapped between key levels as Michaël van de Poppe notes no sustained move above $1800 fails to unlock upside continuation, much like BTC stuck at $66000.
Price at $1660.14 tests the lower Bollinger Band support near $1669.51 while the EMA50 at $1722.35 and EMA200 at $1858.39 form stacked resistance overhead; the MACD death cross at -11.2 reinforces bearish structure even as RSI at 34.38 stays neutral, pointing to a probable retest of $1505 before any attempt at the $1800 threshold that could open a swift run toward $2500.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast