{"id":539071,"date":"2023-06-22T03:19:43","date_gmt":"2023-06-22T03:19:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=539071"},"modified":"2024-06-11T14:37:52","modified_gmt":"2024-06-11T14:37:52","slug":"ethereum-price-follows-bitcoin-2000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-follows-bitcoin-2000\/","title":{"rendered":"Ethereum Price Follows Bitcoin and $2,000 Seems Imminent"},"content":{"rendered":"<p><em>Ethereum price is rallying above $1,850 against the US Dollar. ETH is clearly following Bitcoin\u2019s rally and might soon test the $2,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum is moving higher above the $1,850 and $1,880 resistance levels.<\/li>\n<li>The price is trading above $1,850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise further above the $1,930 and $1,950 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Surges Over 6%<\/h2>\n<p>Ethereum\u2019s price started a steady increase above the $1,720 resistance zone. Recently, <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bulls-pushing-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin saw a major increase<\/a> and helped ETH to clear the $1,850 resistance.<\/p>\n<p>The price is up over 6% and there was a move above the $1,900 level. A high is formed near $1,930 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high.<\/p>\n<p>Ether is also well above $1,850 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-reversed-1920\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. Besides, there is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-539072\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?resize=1835%2C845\" alt=\"Ethereum Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Ethereum-14.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>Immediate resistance is near the $1,930 level. The next major resistance is near the $1,950 level. A successful move above the $1,930 and $1,950 resistance levels might send the price further higher. The next resistance sits near $2,000, above which Ethereum could rise toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance.<\/p>\n<h2>Are Dips Supported in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,950 resistance, it could start a downside correction. Initial support on the downside is near the $1,900 level.<\/p>\n<p>The next major support is near the $1,880 level or the recent low. If there is a break and close below the $1,880 support, the price could drop toward the $1,820 support or the 50% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high. Any more losses may perhaps send the price toward the $1,780 zone or the 100-hourly Simple Moving Average.<\/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 in the overbought zone.<\/p>\n<p>Major Support Level \u2013 $1,780<\/p>\n<p>Major Resistance Level \u2013 $1,950<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is rallying above $1,850 against the US Dollar. ETH is clearly following Bitcoin\u2019s rally and might soon test the $2,000 resistance zone. Ethereum is moving higher above the $1,850 and $1,880 resistance levels. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further above the $1,930 and $1,950 resistance levels. Ethereum Price Surges Over 6% Ethereum\u2019s price started a steady increase above the $1,720 resistance zone. Recently, Bitcoin saw a major increase and helped ETH to clear the $1,850 resistance. The price is up over 6% and there was a move above the $1,900 level. A high is formed near $1,930 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high. Ether is also well above $1,850 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com Immediate resistance is near the $1,930 level. The next major resistance is near the $1,950 level. A successful move above the $1,930 and $1,950 resistance levels might send the price further higher. The next resistance sits near $2,000, above which Ethereum could rise toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance. Are Dips Supported in ETH? If Ethereum fails to clear the $1,950 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 level or the recent low. If there is a break and close below the $1,880 support, the price could drop toward the $1,820 support or the 50% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high. Any more losses may perhaps send the price toward the $1,780 zone or the 100-hourly Simple Moving Average. 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 in the overbought zone. Major Support Level \u2013 $1,780 Major Resistance Level \u2013 $1,950<\/p>\n","protected":false},"author":67,"featured_media":507527,"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-539071","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 Follows Bitcoin and $2,000 Seems Imminent<\/title>\n<meta name=\"description\" content=\"Ethereum price is rallying above $1,850 against the US Dollar. 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