TA: Ethereum Regains Strength, Why ETH Could Rally Above $2K

Ethereum started a fresh increase after the bulls defended $1,700 i ni'a i te tara MARITE. ETH price is likely to continue higher above the main $2,000 resistance.

  • Ethereum is showing positive signs above the $1,850 e $1,900 te faito tura'iraa.
  • The price is now well above $1,900 e te 100 e mea ohie i te hora no te faanuuraa.
  • There was a break above a major bearish trend line with resistance near $1,840 i ni'a i te tabula hora ETH/USD (faaamuraa itepiri na roto ia Kraken).
  • The pair is likely to clear the $2,000 barrier and it could accelerate higher in the near term.

Ethereum Price is Gaining Pace

Ethereum remained well bid above the last swing low near $1,700. ETH formed a base above $1,700 and it started a major increase. The bulls were able to push the price above the $1,850 resistance zone.

There was also a break above a major bearish trend line with resistance near $1,840 i ni'a i te tabula hora ETH/USD. The pair climbed above the 61.8% Fib retracement level of the of the key decline from the $2,038 te huiraa teitei e tae atu i te $1,715 ha'iha'i.

It is now well above $1,900 e te 100 e mea ohie i te hora no te faanuuraa. Ether price is consolidating above the 76.4% Fib retracement level of the of the key decline from the $2,038 te huiraa teitei e tae atu i te $1,715 ha'iha'i.

Te moni Eteraumi

Vahi i tauturuhia: ETHUS I ni'a i te TradingView.com

It seems like the price could continue to rise above $1,980. Te pato'iraa faufaa i muri iho, tei piha'i iho ïa i te $2,000 vahi. Any more gains could set the pace for a move towards the $2,115 faito. It is near the 1.236 Fib extension level of the of the key decline from the $2,038 te huiraa teitei e tae atu i te $1,715 ha'iha'i. An intermediate resistance could be near the $2,050 faito.

Fresh Decline in ETH?

If Ethereum fails to clear the $2,000 e $2,050 te faito tura'iraa, it could start a fresh decline. Te vai ra te hoê patururaa matamua i ni'a i te ôraa o te matahiti $1,920 faito.

The first major support is now forming near the $1,875 level and the 100 hourly SMA. A downside break below the $1,875 zone could lead the price further lower. In the stated case, the price could move down further towards the $1,800 faito.

Te mau faaiteraa i te pae no te faatereraa i te matini

Te mau hora atoa MACDThe MACD for ETH/USD is slowly gaining pace in the bullish zone.

Te mau hora atoa RSIThe RSI for ETH/USD is currently well above the 60 faito.

Faito no te tautururaa rahi – $1,875

Faito pato'iraa rahi – $2,000

Hi'opo'araa no te apure (No te aha?)

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