Ethereum Price Forecast: ETH Targets Mass Rebound After Gaining Support at $1,850

Ethereum returns to the drawing board and gains support at $1,850. RSI is starting to show signs of recovery as it bounces off the oversold zone. Ethereum plunged heavily, discovering levels below $2,000 for the second time since a transaction at an all-time high of around $4,500. However, support appears at $1,850, allowing the bulls to take control. At the time of this writing, Ether is trading at $1,950 as a gradual recovery in earnings appears above $2,000 and towards $3,000. The entire market is slowly turning green as investors return to the market after the second sale in June. Will Ethereum support $2,000+ recovery? It's only a matter of time before Ether rises above $2,000. The technical outlook gives several buy and bullish signals, starting with the Relative Strength Index (RSI) on the four-hour chart. After the drop to $1,850, the RSI briefly tested the oversold zone but later recovered as the trend strength indicator pointed north. A continued move towards the midline will likely allow the bulls to increase their holdings in the market. The ETH/USD Four-Hour Chart by Tradingview The ETH/USD Price Chart Moving Average Convergence Divergence (MACD) indicator is worth checking out in the coming sessions. Now that the downward move has stopped, a rebound from the long-standing negative zone is expected, which will mark the start of an uptrend in the market. Therefore, traders should pay attention to the MACD line crossing over the signal line, which is a major bullish signal. If the technical tool breaks into positive territory, the uptrend is confirmed. Despite the incredible recovery outlook, some hurdles are expected to slow the rally, including $2,000, $2,250, the 100 SMA currently holding $2,400, and $2,800. Ethereum intraday price levels Spot rate: $1,950 Trend: Rising Volatility: High Resistance: $2,000, $2,250 and $2,400 Support: $1,850 and $1,730 after Ethereum Price Forecast: ETH targets a massive resale

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