Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	517,306,909,988	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

517,306,909,988

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-44.07	-0.17%	26,533.51	29,187.39	29,187.40

Price Change

Price Change %

Current Price

Bid Price

Offer

-44.07

-0.17%

26,533.51

29,187.39

29,187.40

High Price	Low Price	Open Price	Prev. Close	52 Week Range
26,617.20	26,513.00	26,594.25	26,577.58	15,500.00 - 31,862.21

High Price

Low Price

Open Price

Prev. Close

52 Week Range

26,617.20

26,513.00

26,594.25

26,577.58

15,500.00 - 31,862.21

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:15:55	0.003002	26,533.51	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:15:55

0.003002

26,533.51

USD

Price x Volume	Volume	Base Symbol	Related Pairs
18,389,635.81	692.32	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

18,389,635.81

692.32

Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands

24/03/2023 4:58am

NEWSBTC

Ethereum price started a fresh increase above the $1,800 resistance against the US Dollar. ETH is showing positive signs and might rally towards $2,000. Ethereum remained strong above the $1,700 zone and recovered losses. The price is trading above $1,780 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally towards $2,000 if there is a close above the $1,850 resistance. Ethereum Price Aims Higher Ethereum price started a downside below the $1,750 support. However, the bulls were active above the $1,700 support zone. A low as formed near $1,713 and ETH price started a fresh increase, similar to bitcoin. The price gained pace above the $1,750 and $1,780 resistance levels. There was a clear move above the $1,800 resistance zone. The upward move was such that the price even spiked above the $1,850 resistance zone. A high is formed near $1,858 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1,713 swing low to $1,858 high. Ether price is now trading above $1,780 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,830 zone. The next major resistance is near the $1,850 zone. A close above the $1,850 resistance zone might start a strong increase. Source: ETHUSD on TradingView.com The next aim for the bulls might be $2,000. Any more gains could set the pace for a test of the $2,120 resistance zone in the near term. Downside Break in ETH? If ethereum fails to clear the $1,850 resistance, it could start another decline. An initial support on the downside is near the $1,790 level and the trend line. The next major support is near the $1,765 zone or the 61.8% Fib retracement level of the upward move from the $1,713 swing low to $1,858 high. If there is a break below $1,765, the price might gain bearish momentum and drop towards $1,720. Any more losses might call for a test of the $1,660 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,765 Major Resistance Level – $1,850

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