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{"id":525652,"date":"2023-04-05T04:53:20","date_gmt":"2023-04-05T04:53:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=525652"},"modified":"2024-06-11T14:34:50","modified_gmt":"2024-06-11T14:34:50","slug":"ethereum-price-jumps-5-pc-2000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-jumps-5-pc-2000\/","title":{"rendered":"Ethereum Price Jumps 5% and ETH Could Gather Momentum Above $2,000"},"content":{"rendered":"

Ethereum price jumped over 5% and surpassed $1,850 against the US Dollar. ETH might extend its rally if it clears the $1,920 and $2,000 resistance levels.<\/em><\/p>\n

\n
Ethereum gained bullish momentum after it broke the $1,850 resistance.<\/li>\n
The price is trading above $1,850 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a rising channel with resistance near $1,880 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further if it clears the $1,920 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Rallies 5%<\/h2>\n
Ethereum price formed a base above the $1,760 support zone<\/a>. ETH remained well-bid and started a fresh increase above the $1,800 and $1,820 resistance levels.<\/p>\n
It outperformed Bitcoin<\/a> when there was a clear move above the $1,850 resistance zone. The price rallied over 5% and surpassed the $1,880 resistance zone. During the increase, there was a break above a rising channel with resistance near $1,880 on the hourly chart of ETH\/USD.<\/p>\n
Ether traded to a new monthly high at $1,924 and is currently consolidating gains. It is now trading above $1,850 and the 100-hourly Simple Moving Average.<\/p>\n
The bulls are now protecting the 23.6% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high. On the upside, the price is facing resistance near the $1,925 level. The next major resistance is near the $1,965 zone.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The main resistance is now near $2,000. A clear move above the $2,000 resistance zone might start a strong increase. The next major resistance might be $2,120. Any more gains could set the pace for a test of the $2,050 resistance.<\/p>\n
Are Dips Supported in ETH?<\/h2>\n
If Ethereum fails to clear the $1,925 resistance, it could start a downside correction. Initial support on the downside is near the $1,900 level.<\/p>\n
The next major support is near the $1,880 zone or the 61.8% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high, below which ether price might decline towards the $1,860 level. The main support is now near the $1,840 zone. If there is a break below $1,840, the price might resume its decline toward $1,800.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $1,840<\/p>\n
Major Resistance Level \u2013 $1,925<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price jumped over 5% and surpassed $1,850 against the US Dollar. ETH might extend its rally if it clears the $1,920 and $2,000 resistance levels. Ethereum gained bullish momentum after it broke the $1,850 resistance. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There was a break above a rising channel with resistance near $1,880 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further if it clears the $1,920 resistance zone. Ethereum Price Rallies 5% Ethereum price formed a base above the $1,760 support zone. ETH remained well-bid and started a fresh increase above the $1,800 and $1,820 resistance levels. It outperformed Bitcoin when there was a clear move above the $1,850 resistance zone. The price rallied over 5% and surpassed the $1,880 resistance zone. During the increase, there was a break above a rising channel with resistance near $1,880 on the hourly chart of ETH\/USD. Ether traded to a new monthly high at $1,924 and is currently consolidating gains. It is now trading above $1,850 and the 100-hourly Simple Moving Average. The bulls are now protecting the 23.6% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high. On the upside, the price is facing resistance near the $1,925 level. The next major resistance is near the $1,965 zone. Source: ETHUSD on TradingView.com The main resistance is now near $2,000. A clear move above the $2,000 resistance zone might start a strong increase. The next major resistance might be $2,120. Any more gains could set the pace for a test of the $2,050 resistance. Are Dips Supported in ETH? If Ethereum fails to clear the $1,925 resistance, it could start a downside correction. Initial support on the downside is near the $1,900 level. The next major support is near the $1,880 zone or the 61.8% Fib retracement level of the upward move from the $1,859 swing low to the $1,924 high, below which ether price might decline towards the $1,860 level. The main support is now near the $1,840 zone. If there is a break below $1,840, the price might resume its decline toward $1,800. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,840 Major Resistance Level \u2013 $1,925<\/p>\n","protected":false},"author":67,"featured_media":506755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803],"class_list":["post-525652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Jumps 5% and ETH Could Gather Momentum Above $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum price jumped over 5% and surpassed $1,850 against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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