The bulls had been leading quite consistently for the last four hours, as an uptrend is at its peak. The price is going up according to the 4-hour Ethereum price analysis. Ethereum price analysis: Recent developments and further technical indications The Relative Strength Index (RSI) is also bullish as it trades above the 60-level at $72.51 on the daily chart. The Moving Average Convergence Divergence (MACD) line has crossed above the signal line and is signaling a buying opportunity in the near future. The price is above the moving average (MA) value as well, which is currently settled at $1732, indicating that the market sentiment is bullish. The Ethereum price has reached a $1,788 position today, with an increase of 1.44 percent in the value over the past 24 hours. Although the cryptocurrency faced substantial loss at some hours today, however, the price is now moving in the ascending direction again. The 24-hour Ethereum price analysis shows that the price is going high once again as the green candlesticks continue to form on the price chart. ETH/USD 1-day price chart: ETH value receives a boost above $1,788 level today From here, bulls started to push for higher levels and faced a minor setback near the $1,800 mark. The bears were unsuccessful in pushing the price lower, and ETH/USD quickly regained its bullish momentum. The ETH/USD pair started the day on a positive note however, the bullish pressure was quickly rejected at the $1,836 resistance level. The ETH/USD pair is currently trading at the $1,788 level and is expected to move higher in the near future. However, despite this minor setback, the Ethereum price analysis shows that bulls have not given up and have started to gain more control of the market. The latest Ethereum price analysis confirms that the price has been on a steady uptrend for the past few hours, spiking up to the $1,836 level.
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