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{"id":460238,"date":"2021-04-02T05:08:54","date_gmt":"2021-04-02T05:08:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=460238"},"modified":"2024-06-11T14:14:29","modified_gmt":"2024-06-11T14:14:29","slug":"ethereum-revisits-2k-more-upsides","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-revisits-2k-more-upsides\/","title":{"rendered":"TA: Ethereum Revisits $2K, Why The Bulls Are Not Done Yet"},"content":{"rendered":"

Ethereum gained bullish momentum and it cleared the $1,950 resistance against the US Dollar. ETH price tested $2,000 and it is likely to continue higher.<\/em><\/p>\n

\n
Ethereum is extending gains and it recently tested the $2,000 resistance zone.<\/li>\n
The price is now well above the $1,950 support and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $1,945 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct lower, but it is likely to remain stable near $1,950 and $1,900.<\/li>\n<\/ul>\n
Ethereum Price is Gaining Pace<\/h2>\n
Ethereum remained well bid above the $1,850 level and it traded to a new weekly high, unlike bitcoin<\/a>. ETH broke many important hurdles near the $1,920 and $1,950 resistance levels.<\/p>\n
There was also a spike above the $2,000 level and the price settled nicely above the 100 hourly simple moving average. A high is formed near $2,008 and the price is currently consolidating gains. An initial support on the downside is near the $1,980 level.<\/p>\n
The 23.6% Fib retracement level of the recent increase from the $1,888 swing low to $2,008 high is near $1,980. There is also a key bullish trend line<\/a> forming with support near $1,945 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
The trend line is close to the 50% Fib retracement level of the recent increase from the $1,888 swing low to $2,008 high. On the upside, ether could struggle to settle above the $2,000 resistance. A successful close above the $2,000 level could open the doors for a massive increase in the coming sessions. In the stated case, the price could easily rise towards the $2,080 and $2,100 levels.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If Ethereum fails to climb above the $2,000 and $2,010 resistance levels, it could correct lower. An initial support on the downside is near the $1,980 level.<\/p>\n
The first major support is near the $1,950 level and the connecting bullish trend line. Any more losses might lead ether price towards the $1,880 support zone. There is another bullish trend line waiting on the same chart with support near $1,880, where the bulls are likely to take a stand.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is well above the 50 level.<\/p>\n
Major Support Level \u2013 $1,950<\/p>\n
Major Resistance Level \u2013 $2,000<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum gained bullish momentum and it cleared the $1,950 resistance against the US Dollar. ETH price tested $2,000 and it is likely to continue higher. Ethereum is extending gains and it recently tested the $2,000 resistance zone. The price is now well above the $1,950 support and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,945 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but it is likely to remain stable near $1,950 and $1,900. Ethereum Price is Gaining Pace Ethereum remained well bid above the $1,850 level and it traded to a new weekly high, unlike bitcoin. ETH broke many important hurdles near the $1,920 and $1,950 resistance levels. There was also a spike above the $2,000 level and the price settled nicely above the 100 hourly simple moving average. A high is formed near $2,008 and the price is currently consolidating gains. An initial support on the downside is near the $1,980 level. The 23.6% Fib retracement level of the recent increase from the $1,888 swing low to $2,008 high is near $1,980. There is also a key bullish trend line forming with support near $1,945 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the recent increase from the $1,888 swing low to $2,008 high. On the upside, ether could struggle to settle above the $2,000 resistance. A successful close above the $2,000 level could open the doors for a massive increase in the coming sessions. In the stated case, the price could easily rise towards the $2,080 and $2,100 levels. Dips Supported in ETH? If Ethereum fails to climb above the $2,000 and $2,010 resistance levels, it could correct lower. An initial support on the downside is near the $1,980 level. The first major support is near the $1,950 level and the connecting bullish trend line. Any more losses might lead ether price towards the $1,880 support zone. There is another bullish trend line waiting on the same chart with support near $1,880, where the bulls are likely to take a stand. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is well above the 50 level. Major Support Level \u2013 $1,950 Major Resistance Level \u2013 $2,000<\/p>\n","protected":false},"author":67,"featured_media":460240,"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":[1946,8686,78803],"class_list":["post-460238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Revisits $2K, Why The Bulls Are Not Done Yet<\/title>\n<meta name=\"description\" content=\"Ethereum gained bullish momentum and it cleared the $1,950 resistance 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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