Ethereum: Holds $1800 Support With $2500 Target
Ethereum stays above $1800 with $2500 ETH price prediction intact as 4h chart shows neutral RSI at 43.4 and bearish MACD despite lower timeframe chop.
SourceAnalysis
Ethereum holds above the $1,800 level with @CryptoMichNL maintaining a bullish stance that targets $2,500 in the months ahead even as lower timeframes show chop.
Technical confluence on the 4h chart places ETH at $1885.27 inside the Bollinger bands with upper resistance at $1938.77 while the EMA50 at $1902.13 caps upside and the EMA200 at $1827.86 provides deeper support in a structure confirmed by the MACD death cross at -0.97 and neutral RSI(14) of 43.4.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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