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{"id":458435,"date":"2021-03-11T05:08:50","date_gmt":"2021-03-11T05:08:50","guid":{"rendered":"https:\/\/wncen.com\/?p=458435"},"modified":"2024-06-11T14:13:53","modified_gmt":"2024-06-11T14:13:53","slug":"ethereum-fresh-surge-to-2000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-fresh-surge-to-2000\/","title":{"rendered":"TA: Why Ethereum Is Poised For A Fresh Surge To $2,000"},"content":{"rendered":"

Ethereum is consolidating gains above $1,750 against the US Dollar. ETH price is likely to start a strong increase towards $2,000 as long as it is above the $1,700 support.<\/em><\/p>\n

\n
Ethereum failed to clear the $1,850 resistance and corrected lower below $1,800.<\/li>\n
The price is now holding gains above $1,750 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $1,770 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to start a fresh increase towards the $1,850 and $1,900 levels in the near term.<\/li>\n<\/ul>\n
Ethereum Price Remains Well Bid<\/h2>\n
Ethereum made another attempt to gain momentum above the $1,850 and $1,860 resistance levels<\/a>. However, ETH price failed to gain momentum above $1,850, unlike bitcoin<\/a> which rallied above $46,000.<\/p>\n
A high was formed near $1,870 before there was a downside correction. The price dipped below the $1,820 and $1,800 support levels. A low is formed near $1,763 and the price is now consolidating in a range. It is also holding gains above $1,750 and the 100 hourly simple moving average.<\/p>\n
There is also a major bullish trend line forming with support near $1,770 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,815 level. It is close to the 50% Fib retracement level of the recent decline from the $1,870 high to $1,763 low.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
The main hurdle is now forming near the $1,830 level. The 61.8% Fib retracement level of the recent decline from the $1,870 high to $1,763 low is also near the $1,830 level.<\/p>\n
A clear break above the $1,815 and $1,830 levels may possibly start a strong increase in the coming sessions. In the stated case, the price is likely to rise steadily towards the $1,870 and $1,880 levels. The main target for the bulls is still the $2,000 barrier.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If Ethereum fails to resume higher above the $1,815 and $1,830 resistance levels, it could correct further lower. The first key support is near the trend line at $1,770.<\/p>\n
The main support is now forming near the $1,760 level and the 100 hourly simple moving average. If there is a downside break below the $1,760 support, ether price might decline towards the $1,700 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bearish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,760<\/p>\n
Major Resistance Level \u2013 $1,830<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is consolidating gains above $1,750 against the US Dollar. ETH price is likely to start a strong increase towards $2,000 as long as it is above the $1,700 support. Ethereum failed to clear the $1,850 resistance and corrected lower below $1,800. The price is now holding gains above $1,750 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,770 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to start a fresh increase towards the $1,850 and $1,900 levels in the near term. Ethereum Price Remains Well Bid Ethereum made another attempt to gain momentum above the $1,850 and $1,860 resistance levels. However, ETH price failed to gain momentum above $1,850, unlike bitcoin which rallied above $46,000. A high was formed near $1,870 before there was a downside correction. The price dipped below the $1,820 and $1,800 support levels. A low is formed near $1,763 and the price is now consolidating in a range. It is also holding gains above $1,750 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,770 on the hourly chart of ETH\/USD. An immediate resistance is near the $1,815 level. It is close to the 50% Fib retracement level of the recent decline from the $1,870 high to $1,763 low. Source: ETHUSD on TradingView.com The main hurdle is now forming near the $1,830 level. The 61.8% Fib retracement level of the recent decline from the $1,870 high to $1,763 low is also near the $1,830 level. A clear break above the $1,815 and $1,830 levels may possibly start a strong increase in the coming sessions. In the stated case, the price is likely to rise steadily towards the $1,870 and $1,880 levels. The main target for the bulls is still the $2,000 barrier. Dips Supported in ETH? If Ethereum fails to resume higher above the $1,815 and $1,830 resistance levels, it could correct further lower. The first key support is near the trend line at $1,770. The main support is now forming near the $1,760 level and the 100 hourly simple moving average. If there is a downside break below the $1,760 support, ether price might decline towards the $1,700 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,760 Major Resistance Level \u2013 $1,830<\/p>\n","protected":false},"author":67,"featured_media":458437,"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-458435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Why Ethereum Is Poised For A Fresh Surge To $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum is consolidating gains above $1,750 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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TA: Why Ethereum Is Poised For A Fresh Surge To $2,000","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-fresh-surge-to-2000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-fresh-surge-to-2000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_631992692.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_631992692.jpg?fit=1000%2C692"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ethusd","ethusdt"],"dateCreated":"2021-03-11T05:08:50Z","datePublished":"2021-03-11T05:08:50Z","dateModified":"2024-06-11T14:13:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Why Ethereum Is Poised For A Fresh Surge To $2,000\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-fresh-surge-to-2000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-fresh-surge-to-2000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_631992692.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_631992692.jpg?fit=1000%2C692\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2021-03-11T05:08:50Z\",\"datePublished\":\"2021-03-11T05:08:50Z\",\"dateModified\":\"2024-06-11T14:13:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_631992692.jpg?fit=1000%2C692","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/458435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=458435"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/458435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/458437"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=458435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=458435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=458435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}