Ethereum price is moving higher above the ,000 resistance against the US Dollar. ETH price is now trading above ,000 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near ,060 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the ,000 support zone. Ethereum price is rising above the ,000 level against the US Dollar. ETH/USD could rise further if it clears the ,140 resistance zone. Ethereum Price Analysis In the past few days, Ethereum saw a decent increase above the ,880 level against the US Dollar. ETH price was able to gain pace for a move above the ,000 level and the 55 simple moving average (4 hours). The bulls even pushed the price above the ,100
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- Ethereum price is moving higher above the $2,000 resistance against the US Dollar.
- ETH price is now trading above $2,000 and the 55 simple moving average (4 hours).
- There is a key rising channel forming with support near $2,060 on the 4-hours chart (data feed from Coinbase).
- The pair could climb further if it stays above the $2,000 support zone.
Ethereum price is rising above the $2,000 level against the US Dollar. ETH/USD could rise further if it clears the $2,140 resistance zone.
Ethereum Price Analysis
In the past few days, Ethereum saw a decent increase above the $1,880 level against the US Dollar. ETH price was able to gain pace for a move above the $2,000 level and the 55 simple moving average (4 hours).
The bulls even pushed the price above the $2,100 resistance zone. A high was formed near $2,142 before the bears appeared. There was a minor downside correction below the $2,100 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,855 swing low to the $2,142 high.
Ether’s price is now trading above $2,000 and the 55 simple moving average (4 hours). There is also a key rising channel forming with support near $2,060 on the 4-hours chart.
Immediate resistance on the upside is near the $2,100 level. The next major resistance is near the $2,140 zone. A clear move above the $2,140 level could send the price toward $2,200. Any more gains could even send the price toward the $2,320 resistance zone or $2,400 in the near term.
On the downside, initial support is near the $2,060 level. The next major support is now near the $2,050 level. A break below the $2,050 support could push the price to $2,000.
The 50% Fib retracement level of the upward move from the $1,855 swing low to the $2,142 high is also near $2,000. Any more losses could lead the price towards $1,920.
Ethereum Price
Looking at the chart, Ethereum’s price is clearly trading above the $2,000 zone and the 55 simple moving average (4 hours). Overall, Ether’s price could climb further if it stays above the $2,000 support zone.
Technical indicators
4 hours MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now above the 50 level.
Key Support Levels – $2,050, followed by the $2,000 zone.
Key Resistance$ Levels – $2,100 and $2,140.