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{"id":458644,"date":"2021-03-15T05:08:53","date_gmt":"2021-03-15T05:08:53","guid":{"rendered":"https:\/\/wncen.com\/?p=458644"},"modified":"2024-06-11T14:13:57","modified_gmt":"2024-06-11T14:13:57","slug":"ethereum-eth-is-poised-to-break-2000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eth-is-poised-to-break-2000\/","title":{"rendered":"TA: Ethereum Regains Strength, Why ETH is Poised To Break $2,000"},"content":{"rendered":"

Ethereum is trading nicely above the $1,850 support against the US Dollar. ETH price is likely to start a strong increase above $1,900 and it could even clear the $2,000 resistance.<\/em><\/p>\n

\n
Ethereum traded as high as $1,943 before correcting lower below $1,900.<\/li>\n
The price is now trading nicely above $1,850 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish flag forming with resistance near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to start a strong rally if there is a close above the $1,900 resistance.<\/li>\n<\/ul>\n
Ethereum Price Could Accelerate Higher<\/h2>\n
Ethereum traded above the $1,900 resistance when bitcoin<\/a> climbed above $60,000. ETH traded as high as $1,943 before it faced sellers.<\/p>\n
As a result, there was a downside correction below the $1,920 and $1,900 levels. Ether price even declined below the $1,880 support level. There was a break below the 23.6% Fib retracement level of the upward move from the $1,722 swing low to $1,943 high.<\/p>\n
Ether is now trading nicely above $1,850 and the 100 hourly simple moving average<\/a>. It is also holding the 50% Fib retracement level of the upward move from the $1,722 swing low to $1,943 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
There is also a key bullish flag forming with resistance near $1,890 on the hourly chart of ETH\/USD. If there is an upside break above the flag resistance, there are chances of a strong increase above $1,900. The next key resistance is near the $1,950 level, above which the price may even clear the $2,000 resistance zone in the coming sessions.<\/p>\n
Downside Break in ETH?<\/h2>\n
If Ethereum fails to continue higher above the $1,890 and $1,900 resistance levels, it could correct further lower. The first key support is near the $1,850 level.<\/p>\n
The main support is now forming near the $1,830 level and the 100 hourly simple moving average. If there is a downside break below the $1,830 support, ether price might decline towards the $1,800 level. Any more losses could possibly call for a test of the key $1,750 support zone in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining pace in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $1,830<\/p>\n
Major Resistance Level \u2013 $1,900<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is trading nicely above the $1,850 support against the US Dollar. ETH price is likely to start a strong increase above $1,900 and it could even clear the $2,000 resistance. Ethereum traded as high as $1,943 before correcting lower below $1,900. The price is now trading nicely above $1,850 and the 100 hourly simple moving average. There is a key bullish flag forming with resistance near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to start a strong rally if there is a close above the $1,900 resistance. Ethereum Price Could Accelerate Higher Ethereum traded above the $1,900 resistance when bitcoin climbed above $60,000. ETH traded as high as $1,943 before it faced sellers. As a result, there was a downside correction below the $1,920 and $1,900 levels. Ether price even declined below the $1,880 support level. There was a break below the 23.6% Fib retracement level of the upward move from the $1,722 swing low to $1,943 high. Ether is now trading nicely above $1,850 and the 100 hourly simple moving average. It is also holding the 50% Fib retracement level of the upward move from the $1,722 swing low to $1,943 high. Source: ETHUSD on TradingView.com There is also a key bullish flag forming with resistance near $1,890 on the hourly chart of ETH\/USD. If there is an upside break above the flag resistance, there are chances of a strong increase above $1,900. The next key resistance is near the $1,950 level, above which the price may even clear the $2,000 resistance zone in the coming sessions. Downside Break in ETH? If Ethereum fails to continue higher above the $1,890 and $1,900 resistance levels, it could correct further lower. The first key support is near the $1,850 level. The main support is now forming near the $1,830 level and the 100 hourly simple moving average. If there is a downside break below the $1,830 support, ether price might decline towards the $1,800 level. Any more losses could possibly call for a test of the key $1,750 support zone in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,830 Major Resistance Level \u2013 $1,900<\/p>\n","protected":false},"author":67,"featured_media":458646,"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-458644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Regains Strength, Why ETH is Poised To Break $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum is trading nicely above the $1,850 support 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: Ethereum Regains Strength, Why ETH is Poised To Break $2,000","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-eth-is-poised-to-break-2000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-eth-is-poised-to-break-2000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_1186260088.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_1186260088.jpg?fit=1000%2C667"},"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":"2021-03-15T05:08:53Z","datePublished":"2021-03-15T05:08:53Z","dateModified":"2024-06-11T14:13:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Ethereum Regains Strength, Why ETH is Poised To Break $2,000\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-eth-is-poised-to-break-2000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-eth-is-poised-to-break-2000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1186260088.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1186260088.jpg?fit=1000%2C667\"},\"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\":\"2021-03-15T05:08:53Z\",\"datePublished\":\"2021-03-15T05:08:53Z\",\"dateModified\":\"2024-06-11T14:13:57Z\"}<\/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_1186260088.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/458644","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=458644"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/458644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/458646"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=458644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=458644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=458644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}