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{"id":458950,"date":"2021-03-18T05:08:12","date_gmt":"2021-03-18T05:08:12","guid":{"rendered":"https:\/\/wncen.com\/?p=458950"},"modified":"2024-06-11T14:14:03","modified_gmt":"2024-06-11T14:14:03","slug":"ethereum-eth-looks-set-for-2k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eth-looks-set-for-2k\/","title":{"rendered":"TA: Ethereum Breaks 100 SMA, Why ETH Looks Set For Fresh Run To $2K"},"content":{"rendered":"

Ethereum is rising and it broke the key $1,800 resistance against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards $2,000.<\/em><\/p>\n

\n
Ethereum is forming a support base above the $1,750 and $1,760 levels.<\/li>\n
The price is now well above the $1,800 zone and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $1,780 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a strong increase once it clears the $1,850 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price is Eyeing Fresh Surge<\/h2>\n
Ethereum remained well bid above the $1,750 support zone. As a result, ETH started a fresh increase above the $1,800 resistance zone, similar to bitcoin<\/a> above $58,000.<\/p>\n
The bulls took control, resulting in a steady increase<\/a> above the $1,800 resistance. It is now well above the $1,800 zone and the 100 hourly simple moving average. There was also a break above a major bearish trend line with resistance near $1,780 on the hourly chart of ETH\/USD.<\/p>\n
The pair is now trading above the 50% Fib retracement level of the key decline from the $1,944 swing high to $1,710 support zone. Ether price is now testing the $1,850 resistance zone. The 61.8% Fib retracement level of the key decline from the $1,944 swing high to $1,710 support zone is also near the $1,855 level to act as a major hurdle.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
A successful break above the $1,850 and $1,855 resistance levels could open the doors for a larger increase. The next key resistance is near the $1,895 level, above which ether price might rise to $1,920 or even $2,000 in the coming sessions.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If Ethereum fails to climb above the $1,850 and $1,855 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $1,800 level and the 100 hourly simple moving average.<\/p>\n
The next major support is near the $1,750 level, below which ether price might retest the main $1,710 support zone in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining pace 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 $1,750<\/p>\n
Major Resistance Level \u2013 $1,855<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is rising and it broke the key $1,800 resistance against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards $2,000. Ethereum is forming a support base above the $1,750 and $1,760 levels. The price is now well above the $1,800 zone and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,780 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a strong increase once it clears the $1,850 resistance zone. Ethereum Price is Eyeing Fresh Surge Ethereum remained well bid above the $1,750 support zone. As a result, ETH started a fresh increase above the $1,800 resistance zone, similar to bitcoin above $58,000. The bulls took control, resulting in a steady increase above the $1,800 resistance. It is now well above the $1,800 zone and the 100 hourly simple moving average. There was also a break above a major bearish trend line with resistance near $1,780 on the hourly chart of ETH\/USD. The pair is now trading above the 50% Fib retracement level of the key decline from the $1,944 swing high to $1,710 support zone. Ether price is now testing the $1,850 resistance zone. The 61.8% Fib retracement level of the key decline from the $1,944 swing high to $1,710 support zone is also near the $1,855 level to act as a major hurdle. Source: ETHUSD on TradingView.com A successful break above the $1,850 and $1,855 resistance levels could open the doors for a larger increase. The next key resistance is near the $1,895 level, above which ether price might rise to $1,920 or even $2,000 in the coming sessions. Fresh Decline in ETH? If Ethereum fails to climb above the $1,850 and $1,855 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $1,800 level and the 100 hourly simple moving average. The next major support is near the $1,750 level, below which ether price might retest the main $1,710 support zone in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is well above the 50 level. Major Support Level \u2013 $1,750 Major Resistance Level \u2013 $1,855<\/p>\n","protected":false},"author":67,"featured_media":458952,"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-458950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Breaks 100 SMA, Why ETH Looks Set For Fresh Run To $2K<\/title>\n<meta name=\"description\" content=\"Ethereum is rising and it broke the key $1,800 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. 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 Breaks 100 SMA, Why ETH Looks Set For Fresh Run To $2K","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-eth-looks-set-for-2k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-eth-looks-set-for-2k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_715404211.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_715404211.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":"2021-03-18T05:08:12Z","datePublished":"2021-03-18T05:08:12Z","dateModified":"2024-06-11T14:14:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Ethereum Breaks 100 SMA, Why ETH Looks Set For Fresh Run To $2K\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-eth-looks-set-for-2k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-eth-looks-set-for-2k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_715404211.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_715404211.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\":\"2021-03-18T05:08:12Z\",\"datePublished\":\"2021-03-18T05:08:12Z\",\"dateModified\":\"2024-06-11T14:14:03Z\"}<\/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_715404211.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/458950","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=458950"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/458950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/458952"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=458950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=458950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=458950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}