{"id":558150,"date":"2023-10-30T04:32:50","date_gmt":"2023-10-30T04:32:50","guid":{"rendered":"https:\/\/wncen.com\/?p=558150"},"modified":"2024-06-11T14:12:23","modified_gmt":"2024-06-11T14:12:23","slug":"ethereum-price-faces-big-move-2000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-faces-big-move-2000\/","title":{"rendered":"Ethereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,000?"},"content":{"rendered":"<p><em>Ethereum price is consolidating gains below the $1,850 resistance against the US dollar. ETH must stay above the $1,750 support to start a fresh increase.<\/em><\/p>\n<ul>\n<li>Ethereum is still struggling to gain pace for a move above $1,850.<\/li>\n<li>The price is trading above $1,770 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key contracting triangle forming with support near $1,780 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could extend its decline if it fails to stay above the $1,740 support.<\/li>\n<\/ul>\n<h2>Ethereum Price Remains In Range<\/h2>\n<p>Ethereum failed to continue higher above the $1,850 level and started a <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-hints-correction-1750\/\" target=\"_blank\" rel=\"noopener \">downside correction<\/a>. ETH corrected lower below $1,800, but the bulls remained active near $1,750.<\/p>\n<p>A low was formed near $1,741 and the price is now making a fresh attempt to gain pace, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-consolidates-35k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. There was a move above the $1,780 level. The price tested the 50% Fib retracement level of the downward move from the $1,866 swing high to the $1,741 low.<\/p>\n<p>Ethereum is now trading above $1,770 and the 100-hourly Simple Moving Average. There is also a key contracting triangle forming with support near $1,780 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price is facing resistance near the $1,800 level. The first major resistance is near the $1,815 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,866 swing high to the $1,741 low.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-558151\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?resize=1024%2C468\" alt=\"Ethereum Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-21.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>A close above the $1,815 resistance could start a decent increase. In the stated case, Ether could revisit the $1,850 resistance. The next key resistance is near $1,865, above which the price could accelerate higher. In the stated case, the price could rise toward the $1,920 level. The main hurdle sits at $2,000.<\/p>\n<h2>Another Decline in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,815 resistance, it could start another decline. Initial support on the downside is near the $1,780 level, the 100-hourly Simple Moving Average, and the trend line.<\/p>\n<p>The next key support is $1,740. A downside break below the $1,740 support might send the price further lower. In the stated case, Ether could drop toward the $1,700 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,720<\/p>\n<p>Major Resistance Level \u2013 $1,815<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is consolidating gains below the $1,850 resistance against the US dollar. ETH must stay above the $1,750 support to start a fresh increase. Ethereum is still struggling to gain pace for a move above $1,850. The price is trading above $1,770 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support near $1,780 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend its decline if it fails to stay above the $1,740 support. Ethereum Price Remains In Range Ethereum failed to continue higher above the $1,850 level and started a downside correction. ETH corrected lower below $1,800, but the bulls remained active near $1,750. A low was formed near $1,741 and the price is now making a fresh attempt to gain pace, like Bitcoin. There was a move above the $1,780 level. The price tested the 50% Fib retracement level of the downward move from the $1,866 swing high to the $1,741 low. Ethereum is now trading above $1,770 and the 100-hourly Simple Moving Average. There is also a key contracting triangle forming with support near $1,780 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,800 level. The first major resistance is near the $1,815 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,866 swing high to the $1,741 low. Source: ETHUSD on TradingView.com A close above the $1,815 resistance could start a decent increase. In the stated case, Ether could revisit the $1,850 resistance. The next key resistance is near $1,865, above which the price could accelerate higher. In the stated case, the price could rise toward the $1,920 level. The main hurdle sits at $2,000. Another Decline in ETH? If Ethereum fails to clear the $1,815 resistance, it could start another decline. Initial support on the downside is near the $1,780 level, the 100-hourly Simple Moving Average, and the trend line. The next key support is $1,740. A downside break below the $1,740 support might send the price further lower. In the stated case, Ether could drop toward the $1,700 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $1,720 Major Resistance Level \u2013 $1,815<\/p>\n","protected":false},"author":67,"featured_media":550684,"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":[65296,1946,8686,78803],"class_list":["post-558150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,000?<\/title>\n<meta name=\"description\" content=\"Ethereum price is consolidating gains below the $1,850 resistance against the US dollar. 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