At the current time, Ethereum (ETH) is trading just above the $1,800 level after surpassing this important resistance level. If the bulls are able to sustain the price above $1,800, it could push Ethereum into a bullish trend and possibly break through the next key resistance. The recent sideways movement of the cryptocurrency has suggested limited buying power and a buildup of selling pressure. However, some bullish signals such as the downward wedge formation and the Chaikin Money Flow indicator suggest that Ethereum might experience a bullish momentum in the future if the buyers can push the price past $1,822. Furthermore, some key technical indicators, such as the Relative Strength Index and Directional Movement Index, are currently bearish, demonstrating the presence of more sellers than buyers. However, a slight increase in demand could lead to a reversal in the coin's negative trend and possibly even a surge in its price if the buyers manage to break through the next crucial resistance level.



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