ETH Is Primed To Revisit $2000 As New ATH In The Near-Term

ETH is primed to revisit $2000 in the near-term as it increased above $1800 resistance level against the US dollar with even more positive signs showing and likely to revisit the $2000 resistance zone so let’s take a look In our latest Ethereum price news today.

Ethereum is gaining bullish momentum above the $1800 resistance levels and it seems that ETH is primed to revisit the $2K level with the price now trading well above $1800 and the 100 hourly simple moving average with a crucial bullish trend line forming with the support of $1750 on the hourly chart of the pair and if could correct lower there are chances of a move towards the $2000 zone. Ethereum remained in a good zone above the $1650 resistance after the upside break similar to BTC while gaining bullish momentum and broke the $1700 resistance levels.

As a result, the bulls are taking over the price surged above the $1800 level with it trading to a new weekly high of $1858 and showed some more positive signs. ETH is now trading well above the $1800 and the 100 hourly simple moving average with initial support near the $1810 level and got close to the 23.6% fib retracement level from the recent increase from the $1649 low to $1858 high. There’s a crucial bullish trend line that is forming with the support of $1750 on the charts with the trend line getting close to the last breakout zone of $1750. The 50% fib retracement level from the recent rise from the 49 low to 58 high is also near the 50.
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Looking at the upside, the $1880 level is in a hurdle for the bulls with a break above the $1880 level being able to open the doors for more gains above the $1900 level. In this case, the price will rally above $1950 and the next key resistance is near the $2000 level. If ETH fails to continue higher than $1900, it could start a downside correction with initial support at $1810. The hourly MACD for the pair is showing positive signs in the bullish zone while the hourly RSI for the pair is well above the 60 levels.

As reported a day ago, The ETH price is likely to continue higher even towards $1800 in the near-term. ETH starts fresh increase above the $1700 resistance levels with the price now trading well above the $1700 and the 100 hourly simple moving average and the major bullish trend line forming near the support of $1660 on the hourly charts with the pair could correct lower but the bulls will likely remain active above $1680.