TA: Ethereum Recovers Sharply, Why ETH Could Continue Higher above $2K

Name	Symbol	Market	Market Cap ($)	Algorithm
HUSD	HUSDUSD	Crypto	204,626,786	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

HUSD

HUSDUSD

Crypto

204,626,786

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.007259	-0.66%	1.09	1.05	1.12

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.007259

-0.66%

1.09

1.05

1.12

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.13	1.09	1.13	1.10	0.00000000 - 0.00000000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.13

1.09

1.13

1.10

0.00000000 - 0.00000000

Exchange	Last Trade	Size	Trade Price	Currency
Cryptocurrency	15:50:49	0.00000000	0.971512	USD

Exchange

Last Trade

Size

Trade Price

Currency

Cryptocurrency

15:50:49

0.00000000

0.971512

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	HUSD

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

HUSD

TA: Ethereum Recovers Sharply, Why ETH Could Continue Higher above $2K

22/07/2021 6:08am

NEWSBTC

Ethereum started an upside correction above the $1,850 resistance against the US Dollar. ETH price is likely to continue higher if there is a close above the $2,000 resistance. Ethereum started a decent upward move above the $1,850 and $1,950 resistance levels. The price is now trading well above $1,900 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to rise further if there is a proper close above the $2,000 resistance zone. Ethereum Price Starts Decent Increase Ethereum formed a decent support base above the $1,720 level, similar to bitcoin. As a result, ETH price started a steady increase above the $1,800 and $1,850 resistance levels. There was also a close above the $1,900 level and the 100 hourly simple moving average. Ether price even spiked above the $2,000 resistance, but there was no proper close. A high was formed near $2,033 and the price is now correcting gains. There was a break below the $2,000 level. It even tested the 23.6% Fib retracement level of the upward move from the $1,755 swing low to $2,033 high. Source: ETHUSD on TradingView.com On the upside, an initial resistance is near the $2,000 level. To move further into a positive zone, the price must settle above the $2,000 and $2,020 resistance levels. The next major barrier for the bulls could be near the $2,050 level, followed by $2,100. Any more gains might call for a test of $2,200. Dips Limited in ETH? If Ethereum fails to continue higher above $2,000 and $2,020, it could start a downside correction. An initial support on the downside is near the $1,970 level. The first major support is near the $1,920 level. The main support is now forming near the $1,900 level. It is close to the 50% Fib retracement level of the upward move from the $1,755 swing low to $2,033 high. Any more losses could set the pace for a drop towards the $1,850 support zone in the near term. The next major support sits near the $1,800 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 60 level. Major Support Level – $1,900 Major Resistance Level – $2,000

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