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Ethereum Price Holds Support Above $1,720, Recovery Possible with Move Above $1,770 Resistance

The price of Ethereum is currently being supported above the $1,720 zone against the US Dollar, but is struggling to break through resistance levels at $1,770 and $1,780. However, a move above these levels could lead to a recovery and push the price towards $1,850 and potentially even $1,920 or $2,040. On the other hand, if Ethereum fails to break through resistance, it may experience a decline towards the $1,640 or even $1,600 support levels. Technical indicators show that the MACD for ETH/USD is losing momentum in the bearish zone, while the RSI is now above 50.

Ethereum Ethereum $3,320.20
+1.11%
Ethereum Recovery
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