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Ethereum, the second largest cryptocurrency, has increased by 12.3% for the past seven days. Interestingly, Ethereum has kept its land firm, supported by A clean uptrend That started after the sharp recovery of $ 1,550 that started on Tuesday.
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As it looks now, the Ethereum price is in an important technical phase after re -testing the resistance level of $ 1,799 and to withdraw to the last Intraday support zone. A new push above $ 1,800 could open the door to $ 1,840 and then, while deeper Retracements would test three important zones.
Ethereum changes resistance levels to support
Ethereum’s recent meeting has seen it breaking after three remarkable resistance levels that rejected its price action most of April. Interesting is that these resistance levels are at $ 1,590, $ 1,654 and $ 1,703, as indicated By a technical analysis From the price promotion of Ethereum on the Time Frame -Graphic Candard per hour on the TradingView platform.
After these breakouts, Ethereum continued to push up with Momentum until it came across a more difficult ceiling near the $ 1,800. After briefly commenting on this zone, the price experienced a small rejectionReturning to $ 1,730 before he finds support and a new gradual climb starts.
As it looks now, the $ 1,800 resistance is the next level to beat in the Hope for a nearby $ 2,000 for the end of April. Nevertheless, even if Ethereum does not reach this level, there will still be a bullish sentiment if it succeeds in keeping above the broken resistors, which are now rotated on the H1 time frame. 
Ethereum can still be bullish unless $ 1,654 breaks
Ethereum’s Outlook remains bullish As long as the newly recovered levels continue to act as reliable support zones at $ 1,590, $ 1,654 and $ 1,703. The first zone, positioned at $ 1,703, represents a short level of support in the short term. This area can turn on early entries, but it is a high risk and susceptible to easy to break.
This includes the more structurally important support at $ 1,654, which is also clear on the 4-hour graph. This level is a medium-risk zone, characterized by a cleaner and sound area of demand. It has a greater chance of initiating a bouncing if it is tested, and its preservation is important for maintaining a bullish bias for Ethereum in the short term.
The strongest support level is at $ 1,590 and is somewhat low risk for return. It has the most favorable risk-to-be-first-balance ratio, where smart money traders are probably accumulate.
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As long as Ethereum remains above $ 1,703, the current upward trend remains valid. The bullish bias remains intact unless there is a confirmed break below $ 1,654. A decrease under the support of $ 1,654 would shift the short -term prospects to Neutral or Bearish. On the other hand, A Successful closure above $ 1,800 could flow to the next goal around $ 1,840 or even higher.
Featured image of Unsplash, graph of TradingView