{"id":558713,"date":"2023-11-02T04:28:29","date_gmt":"2023-11-02T04:28:29","guid":{"rendered":"https:\/\/wncen.com\/?p=558713"},"modified":"2024-06-11T10:24:44","modified_gmt":"2024-06-11T10:24:44","slug":"ethereum-bulls-keeps-pushing-2000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-keeps-pushing-2000\/","title":{"rendered":"Ethereum Bulls Keeps Pushing, Why Rally Could Soon Reach $2,000"},"content":{"rendered":"<p><em>Ethereum price popped above the $1,850 resistance against the US dollar. ETH is showing positive signs and might soon climb toward the $2,000 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is slowly moving higher above the $1,850 resistance zone.<\/li>\n<li>The price is trading above $1,820 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key declining channel with resistance near $1,818 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is signaling bullish signs and a possible move toward the $2,000 resistance.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Higher<\/h2>\n<p>Ethereum formed a base above the $1,780 level and recently started a steady increase, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-resumes-rally-37k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. ETH gained pace for a move above the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-liftoff-if-1850\/\" target=\"_blank\" rel=\"noopener \">$1,820 resistance<\/a> zone.<\/p>\n<p>There was a break above a key declining channel with resistance near $1,818 on the hourly chart. It sparked bullish moves and pushed the price above the main hurdle at $1,850. The price traded to a new multi-week high at $1,875 and is currently consolidating gains.<\/p>\n<p>Ethereum is now trading above $1,820 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the recent increase from the $1,784 swing low to the $1,875 high.<\/p>\n<p>On the upside, the price is facing resistance near the $1,875 level. If ETH surpasses the $1,875 resistance, it could again start a steady increase and test $1,920. The next key resistance is near $1,950, above which the price could accelerate higher toward the $2,0000 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-558714\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?resize=1024%2C468\" alt=\"Ethereum Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Ethereum-1.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>Any more gains might call for a move toward the $2,050 level. In the stated case, the price could even climb toward the $2,120 level.<\/p>\n<h2>Are Dips Limited in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,875 resistance, it could start a downside correction. Initial support on the downside is near the $1,850 level.<\/p>\n<p>The next key support is $1,820 or the 61.8% Fib retracement level of the recent increase from the $1,784 swing low to the $1,875 high. The main support is now forming near the $1,800 level and the 100-hourly Simple Moving Average. A downside break below the $1,800 support might spark a bearish wave. In the stated case, Ether could drop toward the $1,750 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $1,820<\/p>\n<p>Major Resistance Level \u2013 $1,875<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price popped above the $1,850 resistance against the US dollar. ETH is showing positive signs and might soon climb toward the $2,000 resistance. Ethereum is slowly moving higher above the $1,850 resistance zone. The price is trading above $1,820 and the 100-hourly Simple Moving Average. There was a break above a key declining channel with resistance near $1,818 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is signaling bullish signs and a possible move toward the $2,000 resistance. Ethereum Price Aims Higher Ethereum formed a base above the $1,780 level and recently started a steady increase, like Bitcoin. ETH gained pace for a move above the $1,820 resistance zone. There was a break above a key declining channel with resistance near $1,818 on the hourly chart. It sparked bullish moves and pushed the price above the main hurdle at $1,850. The price traded to a new multi-week high at $1,875 and is currently consolidating gains. Ethereum is now trading above $1,820 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the recent increase from the $1,784 swing low to the $1,875 high. On the upside, the price is facing resistance near the $1,875 level. If ETH surpasses the $1,875 resistance, it could again start a steady increase and test $1,920. The next key resistance is near $1,950, above which the price could accelerate higher toward the $2,0000 level. Source: ETHUSD on TradingView.com Any more gains might call for a move toward the $2,050 level. In the stated case, the price could even climb toward the $2,120 level. Are Dips Limited in ETH? If Ethereum fails to clear the $1,875 resistance, it could start a downside correction. Initial support on the downside is near the $1,850 level. The next key support is $1,820 or the 61.8% Fib retracement level of the recent increase from the $1,784 swing low to the $1,875 high. The main support is now forming near the $1,800 level and the 100-hourly Simple Moving Average. A downside break below the $1,800 support might spark a bearish wave. In the stated case, Ether could drop toward the $1,750 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,820 Major Resistance Level \u2013 $1,875<\/p>\n","protected":false},"author":67,"featured_media":558715,"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-558713","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 Bulls Keeps Pushing, Why Rally Could Soon Reach $2,000<\/title>\n<meta name=\"description\" content=\"Ethereum price popped above the $1,850 resistance against the US dollar. 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