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Ethereum (ETH) Price Analysis for February 18

Sat, 02/18/2023 - 19:00
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Denys Serhiichuk
Can ETH keep growing next week?
Ethereum (ETH) Price Analysis for February 18
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The rates of most of the coins are rising on the first day of the weekend.

Top 10 coins by CoinMarketCap


Ethereum (ETH) has followed the growth of Bitcoin (BTC), going up by 2.35%.

ETH/USD chart by TradingView

On the hourly chart, Ethereum (ETH) is more bullish than bearish as the price has bounced off the support at $1,687.60. If the growth continues to the $1,700 mark, one can expect a breakout of the resistance at $1,704.20 shortly.

ETH/USD chart by TradingView

Ethereum (ETH) is also bullish on the daily time frame, as the rate is near the resistance level of $1,714. In this case, the more likely scenario is a breakout followed by an impulse to the $1,700-$1,750 zone.

ETH/USD chart by TradingView

On the weekly chart, Ethereum (ETH) is trading near the resistance after the recent bearish candle, which means that bulls remain more powerful than bears.

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If the situation remains the same until the end of the week, the accumulated energy might be enough for a move to the $1,800-$1,900 zone.

Ethereum is trading at $1,696 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at