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{"id":466382,"date":"2021-06-29T05:28:07","date_gmt":"2021-06-29T05:28:07","guid":{"rendered":"https:\/\/wncen.com\/?p=466382"},"modified":"2024-06-11T13:56:38","modified_gmt":"2024-06-11T13:56:38","slug":"ethereum-bulls-keeps-pushing-2k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-keeps-pushing-2k\/","title":{"rendered":"TA: Ethereum Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet 2021-06-29"},"content":{"rendered":"

Ethereum started a fresh increase above the key $2,000 resistance zone against the US Dollar. ETH price could correct lower, but the bulls are likely to remain active near $2,000.<\/em><\/p>\n

\n
Ethereum is showing positive signs above the $2,000 and $2,050 support levels.<\/li>\n
The price is now well above $2,000 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend lien forming with support near $1,960 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could dip in the short-term, but the bulls might protect the $1,950 support zone.<\/li>\n<\/ul>\n
Ethereum Price Remains Strong<\/h2>\n
Ethereum started a steady increase<\/a> after it broke the $1,850 resistance. ETH price gained pace above the $2,000 resistance zone and the 100 hourly simple moving average.<\/p>\n
The price even climbed above the $2,100 level. It tested the 1.236 Fib extension level of the of the main decline from the $2,035 swing high to $1,710 low. The price traded as high as $2,144 and it is now consolidating gains.<\/p>\n
It is now well above $2,000 and the 100 hourly simple moving average<\/a>. An immediate support is near the $2,040 level. It is close to the 23.6% Fib retracement level of the of the recent increase from the $1,715 swing low to $2,144 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
The next major support is near the $2,000 level. There is also a key bullish trend lien forming with support near $1,960 on the hourly chart of ETH\/USD. The trend line support at $1,960 is also close to the 100 hourly SMA.<\/p>\n
Any more losses could spark a nasty decline below $1,950. The next major support on the downside is near the $1,850 level.<\/p>\n
Fresh Decline in ETH?<\/h2>\n
If Ethereum remains above the trend line support and $1,950, it could continue to rise. An immediate resistance on the upside is near the $2,150 level.<\/p>\n
The next key resistance is near the $2,200 zone. Any more gains could set the pace for a move towards the $2,250 level. A close above $2,250 might open the doors for a steady increase towards the $2,500 level in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is currently well above the 50 level.<\/p>\n
Major Support Level \u2013 $1,950<\/p>\n
Major Resistance Level \u2013 $2,150<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum started a fresh increase above the key $2,000 resistance zone against the US Dollar. ETH price could correct lower, but the bulls are likely to remain active near $2,000. Ethereum is showing positive signs above the $2,000 and $2,050 support levels. The price is now well above $2,000 and the 100 hourly simple moving average. There is a key bullish trend lien forming with support near $1,960 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could dip in the short-term, but the bulls might protect the $1,950 support zone. Ethereum Price Remains Strong Ethereum started a steady increase after it broke the $1,850 resistance. ETH price gained pace above the $2,000 resistance zone and the 100 hourly simple moving average. The price even climbed above the $2,100 level. It tested the 1.236 Fib extension level of the of the main decline from the $2,035 swing high to $1,710 low. The price traded as high as $2,144 and it is now consolidating gains. It is now well above $2,000 and the 100 hourly simple moving average. An immediate support is near the $2,040 level. It is close to the 23.6% Fib retracement level of the of the recent increase from the $1,715 swing low to $2,144 high. Source: ETHUSD on TradingView.com The next major support is near the $2,000 level. There is also a key bullish trend lien forming with support near $1,960 on the hourly chart of ETH\/USD. The trend line support at $1,960 is also close to the 100 hourly SMA. Any more losses could spark a nasty decline below $1,950. The next major support on the downside is near the $1,850 level. Fresh Decline in ETH? If Ethereum remains above the trend line support and $1,950, it could continue to rise. An immediate resistance on the upside is near the $2,150 level. The next key resistance is near the $2,200 zone. Any more gains could set the pace for a move towards the $2,250 level. A close above $2,250 might open the doors for a steady increase towards the $2,500 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently well above the 50 level. Major Support Level \u2013 $1,950 Major Resistance Level \u2013 $2,150<\/p>\n","protected":false},"author":67,"featured_media":462611,"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-466382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet 2021-06-29<\/title>\n<meta name=\"description\" content=\"Ethereum started a fresh increase above the key $2,000 resistance zone 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 Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet 2021-06-29","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-keeps-pushing-2k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-keeps-pushing-2k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_733746472.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_733746472.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":"2021-06-29T05:28:07Z","datePublished":"2021-06-29T05:28:07Z","dateModified":"2024-06-11T13:56:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Ethereum Bulls Keeps Pushing, Why Rally Isn\\u2019t Over Yet 2021-06-29\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-bulls-keeps-pushing-2k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-bulls-keeps-pushing-2k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_733746472.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_733746472.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\":\"2021-06-29T05:28:07Z\",\"datePublished\":\"2021-06-29T05:28:07Z\",\"dateModified\":\"2024-06-11T13:56:38Z\"}<\/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\/04\/shutterstock_733746472.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/466382"}],"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=466382"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/466382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462611"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=466382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=466382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=466382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}