The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n

However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};