{"id":542636,"date":"2023-07-14T03:39:39","date_gmt":"2023-07-14T03:39:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542636"},"modified":"2024-06-11T11:14:25","modified_gmt":"2024-06-11T11:14:25","slug":"ethereum-price-breaks-2000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-breaks-2000\/","title":{"rendered":"Ethereum Price Breaks $2,000 As The Bulls Take Over Crypto Market"},"content":{"rendered":"<p><em>Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90.<\/em><\/p>\n<ul>\n<li>Ethereum is up over 7% from the $1,850 support zone.<\/li>\n<li>The price is trading above $1,980 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise further toward the $2,050 and $2,120 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Higher<\/h2>\n<p>Ethereum\u2019s price remained well-bid above the $1,850 zone. ETH started a decent increase after <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-could-regain-strength-0-496\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">XRP<\/a> surged over 50%. There was a move above the key $1,890 resistance zone. Many altcoins, including MATIC, <a href=\"https:\/\/ktsl888.com\/analysis\/sol-price-prediction-solana-22-next\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">SOL<\/a>, <a href=\"https:\/\/ktsl888.com\/analysis\/bnb\/bnb-price-resistance-255\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">BNB<\/a>, and <a href=\"https:\/\/ktsl888.com\/analysis\/ada\/ada-price-consolidates-0-30\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">ADA<\/a> gained handsomely in the past few hours.<\/p>\n<p>There was also a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD. The pair gained over 7% and even surpassed the $2,000 resistance zone. A high is formed near $2,027 and the price is now consolidating gains.<\/p>\n<p>Ether is trading above $1,980 and the 100-hourly Simple Moving Average. It is also well above the 23.6% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-542637\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?resize=1835%2C845\" alt=\"Ethereum Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Ethereum-9.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>On the upside, immediate resistance is near the $2,025 level. The first major resistance is near the $2,050 zone, above which the price could rise toward the $2,120 resistance zone. The next major resistance is near the $2,200 level. Any more gains could send Ether toward the $2,250 resistance or even $2,350.<\/p>\n<h2>Are Dips Limited in ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,025 resistance, it could start a downside correction. Initial support on the downside is near the $2,000 level.<\/p>\n<p>The first major support is near the $1,980 level, below which the price might test the $1,945 level. It is close to the 50% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. The next major support is near the $1,905 level. Any more losses could send Ether toward the $1,865 support level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,945<\/p>\n<p>Major Resistance Level \u2013 $2,050<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90. Ethereum is up over 7% from the $1,850 support zone. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further toward the $2,050 and $2,120 resistance levels. Ethereum Price Aims Higher Ethereum\u2019s price remained well-bid above the $1,850 zone. ETH started a decent increase after XRP surged over 50%. There was a move above the key $1,890 resistance zone. Many altcoins, including MATIC, SOL, BNB, and ADA gained handsomely in the past few hours. There was also a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD. The pair gained over 7% and even surpassed the $2,000 resistance zone. A high is formed near $2,027 and the price is now consolidating gains. Ether is trading above $1,980 and the 100-hourly Simple Moving Average. It is also well above the 23.6% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $2,025 level. The first major resistance is near the $2,050 zone, above which the price could rise toward the $2,120 resistance zone. The next major resistance is near the $2,200 level. Any more gains could send Ether toward the $2,250 resistance or even $2,350. Are Dips Limited in ETH? If Ethereum fails to clear the $2,025 resistance, it could start a downside correction. Initial support on the downside is near the $2,000 level. The first major support is near the $1,980 level, below which the price might test the $1,945 level. It is close to the 50% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. The next major support is near the $1,905 level. Any more losses could send Ether toward the $1,865 support level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,945 Major Resistance Level \u2013 $2,050<\/p>\n","protected":false},"author":67,"featured_media":494002,"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-542636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Breaks $2,000 As The Bulls Take Over Crypto Market<\/title>\n<meta name=\"description\" content=\"Ethereum price is up over 7% and trading above $2,000 against the US Dollar. 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