{"id":135363,"date":"2023-03-22T10:32:15","date_gmt":"2023-03-22T10:32:15","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=135363"},"modified":"2023-03-22T10:32:19","modified_gmt":"2023-03-22T10:32:19","slug":"ethereum-uptrend-is-valid-will-eth-push-above-1-85k","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-uptrend-is-valid-will-eth-push-above-1-85k\/","title":{"rendered":"Ethereum Uptrend Is Valid; Will ETH Push Above $1.85k?"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-size: inherit;background-color: var(--base-3);color: var(--contrast)\">Ethereum is firm when writing<\/span>, adding four percent in the last trading day but stable in the past week.<\/p>\n<p style=\"text-align: justify\"><!--more--><\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">At this pace, conservative traders can wait for a bull confirmation above $2k before loading the dips and expecting <strong>more expansion in the days ahead<\/strong>.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">Still, since buyers have the upper hand, traders can watch out for whether the breakout above the current consolidation, a bull flag, is with high participation.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">If that&#8217;s the case, the short-term trend will likely be more rapid as buyers add to their longs; swinging on to the rapid gains of the past two weeks.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:heading --><\/p>\n\n<h2 style=\"text-align: justify\">Microsoft Building A Non-Custodial Wallet, Is ETH A Security?<\/h2>\n<p style=\"text-align: justify\"><!-- \/wp:heading --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">While Ethereum underperforms Bitcoin, there are new developments from a fundamental level. <strong>Microsoft,<\/strong> the technology giant, <strong>is testing an inbuilt non-custodial wallet<\/strong>.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">Although the wallet is in private testing, it will support ETH and ethereum tokens, including non-fungible tokens (NFTs).<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">The tech company is looking to gather feedback, and when and how they will launch the wallet to the public remains to be seen. Still, that Microsoft supports Ethereum is a massive step for the ecosystem.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">Meanwhile,prosecutors choose to target ETH in their filing, <strong>accusing KuCoin of facilitating the trading of unregistered securities,<\/strong> is a relief for XRP, a lawyer claims.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:embed {\"url\":\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1636192470751952897?s=20\",\"type\":\"rich\",\"providerNameSlug\":\"twitter\",\"responsive\":true} --><\/p>\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\" style=\"text-align: justify\"><\/figure>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">It is a coordinated long game play to get a default judgment and a potential ruling w\/ language that KuCoin was selling <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#ETH<\/a> as an unregistered security. Why have the investigator purchase <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#ETH<\/a> specifically when there were hundreds of other tokens to choose from? <a href=\"https:\/\/t.co\/lcanLjOtVt\" target=\"_blank\">https:\/\/t.co\/lcanLjOtVt<\/a><\/p>&mdash; John E Deaton (@JohnEDeaton1) <a href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1636192465148342274?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 16, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<h2 style=\"text-align: justify\">Ethereum Price Analysis<\/h2>\n<p style=\"text-align: justify\"><!-- \/wp:heading --> <!-- wp:image {\"id\":135365,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} --><\/p>\n\n<figure class=\"wp-block-image size-large\" style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"476\" class=\"wp-image-135365\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/03\/Ethereum-ETH-Daily-Chart-For-March-22-1024x476.png\" alt=\"Ethereum ETH Daily Chart For March 22\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/03\/Ethereum-ETH-Daily-Chart-For-March-22-1024x476.png 1024w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/03\/Ethereum-ETH-Daily-Chart-For-March-22-300x139.png 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/03\/Ethereum-ETH-Daily-Chart-For-March-22-768x357.png 768w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/03\/Ethereum-ETH-Daily-Chart-For-March-22.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\n<figcaption class=\"wp-element-caption\"><\/figcaption>\nEthereum buyers are upbeat, per the development in the daily chart.<\/figure>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">Even though there were instances of price contraction, the failure of bears to follow through reaffirms the strength of bulls.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">Notably, the rejection from yesterday was at February&#8217;s highs,<strong> confirming that the uptrend is solid and the retest has been completed.<\/strong><\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">Therefore, per candlestick arrangement and alignment with the primary trend in the daily chart, the first level of resistance remains at<strong> $1.85k, <\/strong>marking this week&#8217;s highs.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">As prices peel away from the bull flag and beyond the recent consolidation, the break higher should ideally be with rising volumes.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\">This move will cement buyers of March 13 and 17, setting the foundation for <strong>a possible rally towards $2k in short to medium term.<\/strong><\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\"><strong>This preview will be nullified<\/strong> if ETH tanks below <strong>$1.7k and $1.65k <\/strong>in the next few sessions.<\/p>\n<p style=\"text-align: justify\"><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p style=\"text-align: justify\"><strong><em>Technical charts courtesy of\u00a0<\/em><\/strong><a class=\"keychainify-checked\" href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Trading View<\/em><\/strong><\/a><\/p>\n<p style=\"text-align: justify\"><strong>Disclaimer:\u00a0<\/strong><em>Opinions expressed are not investment advice. Do your research<\/em>.<\/p>\n\n\n<hr \/>\n\n<div class=\"td_block_wrap tdb_single_content td_uid_54_61419039a1883_rand td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"td_uid_54_61419039a1883\">\n<div class=\"tdb-block-inner td-fix-index\"><strong><em>If you found this article interesting, here you can find more\u00a0<a class=\"keychainify-checked\" href=\"https:\/\/crypto-economy.com\/cryptocurrencies\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum News.<\/a><\/em><\/strong><\/div>\n<\/div>\n<!-- \/wp:paragraph -->","protected":false},"excerpt":{"rendered":"<p>Ethereum is steady, pushing higher and could break above $1.85k in the days ahead. It comes despite ETH trailing Bitcoin.<\/p>\n","protected":false},"author":11,"featured_media":135408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87,74],"tags":[4679,4682,4763],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/135363"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=135363"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/135363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/135408"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=135363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=135363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=135363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}