Ethereum Price Surges Bulls Eye Upside

Ethereum Price Stabilizes with Potential Upside

• Ethereum’s price corrected from $1,850 and is consolidating near $1,800.
• The price is trading above $1,780 and the 100-hourly Simple Moving Average.
• A short-term contracting triangle with resistance at $1,810 is forming on the ETH/USD hourly chart.
• The major resistance level is at $1,850; clearing this could push the price toward $1,920.
• If Ethereum fails to clear $1,850 resistance, support levels are at $1,780 and potentially down to $1,750.

Ethereum’s price remains above key support levels and shows potential for an increase if it surpasses the $1,850 resistance zone. The current technical indicators suggest bullish momentum in the market.