<strong><em>ETH price action shows the uptrend with the help of a support trendline struggling to exceed the $1775 resistance level. Will buyers reach the $1900 mark?</em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>The Ethereum(ETH) price sustains above the 100-day SMA and the $1700 mark.</li>
 	<li>The bullish reversal in the 50-day SMA reflects an improved underlying bullishness.</li>
 	<li>With a market cap of $211 Billion, the intraday trading volume of Ethereum has decreased by 1.85% to reach $10.70 Billion.</li>
</ul>
<h2>Past Performance of ETH</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/eth-technical-analysis-bleeding-buyers-want-a-post-retest-reversal">previous article</a>, the ETH prices showcase a successful post-retest reversal from $1600 thanks to the streak of Doji candles. The bullish reversal completes a support trend line in the daily chart and crosses above the $1700 mark. Currently, the bullish reversal accounts for a price jump of 8% over the last four days as it sustains about the 100-day SMA.

<img src="https://s3.tradingview.com/snapshots/c/cGa1mYPc.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/cGa1mYPc/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">ETH Technical Analysis </span></h2>
Currently, the ETH price action showcases a growing bullish influence over the daily candle as it prepares to form a morning star pattern. Hence, traders can expect the bullish reversal rally to exceed the $1775 mark. As the Ethereum market prices sustain above the 100-day SMA, the supporting 50-day SMA takes a positive turnaround reflecting an improvement in the underlying bullishness.

The RSI slope maintains a lateral trend in the nearly overbought zone crisscrossing the 14-day average line. Moreover, the lateral trend in the fast and slow lines after the recent merger maintains the neutral point of view of the MACD indicator.

In a nutshell, the ETH Technical Analysis suggests that traders should wait for the price action confirmation of a bullish breakout. This is due to the opposing point of view of the price action analysis in the technical indicators.
<h2><span style="font-weight: normal">Upcoming Trend </span></h2>
If the ETH price trend continues above the $1775 mark, the bullish trend continuation will hit the $1900 mark. However, a bearish reversal cracking the support trendline will retest the crucial support at the $1700 mark.

<strong>Resistance Levels:</strong> $1775 and $1900

<strong>Support Levels:</strong> $1700 and $1487

ETH Technical Analysis: Ethereum Buyers Struggling To Cross $1775

ETH Technical Analysis shows the uptrend with the help of a support trendline struggling to exceed the $1775 resistance level.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ETH Technical Analysis: Ethereum Buyers Struggling To Cross $1775

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