BULLISH 📈 : Ethereum rebounds above $1,620; targets $1,750 breakout to extend gains
Ethereum reclaims $1,600 and holds above $1,620 and the 100‑hour SMA. A clean break over $1,750 could unlock an upside run.
Buyers defended $1,500, like Bitcoin did, and Ethereum based and rebounded above $1,600 per NewsBTC.
Price broke a bearish trendline near $1,600 and reclaimed the 23.6% Fib of the $2,005 to $1,505 slide source. Immediate resistance sits at $1,700. The first key level is $1,750, aligning with the 50% Fib of that move source.
A break above $1,800 can open $1,885. If momentum holds, targets are $1,920 and $2,000 next.
If $1,750 caps price, a pullback is likely. Supports are $1,650 and $1,620. Then $1,600, $1,550, and $1,500.
Indicators: hourly MACD tilts bullish. RSI stays above 50.
Key levels:
- Support: $1,620, $1,600, $1,500
- Resistance: $1,700, $1,750, $1,800, $1,885
Data feed mentions Kraken. Analysis and prior move context via NewsBTC BTC note and ETH move.
Headline: Ethereum reclaims $1,600, eyes $1,750–$1,800 breakout; supports $1,620/$1,600