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Ethereum Price Attempts Recovery Wave Above $1,740 Against US Dollar

The price of Ethereum is attempting to recover and rise above the $1,740 level against the US Dollar, with the potential for further gains if it surpasses the $1,780 resistance level. However, Ethereum is still trading below the $1,780 and $1,800 resistance levels, and below the 100-hourly Simple Moving Average.

The cryptocurrency is forming a support base around the $1,720 zone, with initial support on the downside near the $1,730 level. If Ethereum fails to clear the $1,770 resistance, it could experience another decline towards the $1,640 support level.

Ethereum Ethereum $3,305.34
+0.63%
Ethereum Recovery
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