{"id":460415,"date":"2021-04-05T05:08:46","date_gmt":"2021-04-05T05:08:46","guid":{"rendered":"https:\/\/wncen.com\/?p=460415"},"modified":"2024-06-11T14:14:33","modified_gmt":"2024-06-11T14:14:33","slug":"ethereum-holds-strong-2k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-holds-strong-2k\/","title":{"rendered":"TA: Ethereum Holds Strong Above $2K, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"
Ethereum traded to a new all-time high at $2,140 before correcting lower against the US Dollar. ETH price is now holding gains above the $2,000 support zone.<\/em><\/p>\n Ethereum followed a bullish path after there was a clear break above the $1,950 resistance, unlike bitcoin<\/a>. ETH broke many important hurdles near the $2,000 to move further into a positive zone.<\/p>\n The price gained bullish momentum and it even cleared the $2,100 level. Ether traded to a new all-time high near $2,140 before starting a downside correction. It broke the $2,050 support level, but the bulls were active near the $2,000 zone<\/a>.<\/p>\n The price is now well above the $2,000 support and the 100 hourly simple moving average. It broke the 50% Fib retracement level of the recent decline from the $2,140 swing high to $1,981 low.<\/p>\n <\/a><\/p>\n However, the bears are protecting the $2,100 zone. The price struggled near the 61.8% Fib retracement level of the recent decline from the $2,140 swing high to $1,981 low. There is also a key bearish trend line forming with resistance near $2,075 on the hourly chart of ETH\/USD.<\/p>\n On the downside, there is a major support forming near the $2,000 level and the 100 hourly SMA. As long as there is no downside break below $2,000, ether is likely to start a fresh increase above the $2,100 level.<\/p>\n If Ethereum fails to stay above the $2,000 support and the 100 hourly SMA, there is a risk of a downside break. The first major support is near the $1,980 level.<\/p>\n Any more losses might lead ether price towards the $1,900 support zone. If the bulls fail to protect $1,900, there could be a test of the $1,850 support zone in the near term.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is well below the 50 level.<\/p>\n Major Support Level \u2013 $2,000<\/p>\n Major Resistance Level \u2013 $2,100<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum traded to a new all-time high at $2,140 before correcting lower against the US Dollar. ETH price is now holding gains above the $2,000 support zone. Ethereum is showing a lot of positive signs above the $2,000 support zone. The price is now well above the $2,000 support and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,075 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to start a fresh increase as long as there is no close below the $2,000 support zone. Ethereum Price Remains In Strong Uptrend Ethereum followed a bullish path after there was a clear break above the $1,950 resistance, unlike bitcoin. ETH broke many important hurdles near the $2,000 to move further into a positive zone. The price gained bullish momentum and it even cleared the $2,100 level. Ether traded to a new all-time high near $2,140 before starting a downside correction. It broke the $2,050 support level, but the bulls were active near the $2,000 zone. The price is now well above the $2,000 support and the 100 hourly simple moving average. It broke the 50% Fib retracement level of the recent decline from the $2,140 swing high to $1,981 low. Source: ETHUSD on TradingView.com However, the bears are protecting the $2,100 zone. The price struggled near the 61.8% Fib retracement level of the recent decline from the $2,140 swing high to $1,981 low. There is also a key bearish trend line forming with resistance near $2,075 on the hourly chart of ETH\/USD. On the downside, there is a major support forming near the $2,000 level and the 100 hourly SMA. As long as there is no downside break below $2,000, ether is likely to start a fresh increase above the $2,100 level. Major Correction in ETH? If Ethereum fails to stay above the $2,000 support and the 100 hourly SMA, there is a risk of a downside break. The first major support is near the $1,980 level. Any more losses might lead ether price towards the $1,900 support zone. If the bulls fail to protect $1,900, there could be a test of the $1,850 support zone in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is well below the 50 level. Major Support Level \u2013 $2,000 Major Resistance Level \u2013 $2,100<\/p>\n","protected":false},"author":67,"featured_media":460417,"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-460415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Remains In Strong Uptrend<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Major Correction in ETH?<\/h2>\n