TA: Ethereum Hesitates But Further Gains Seem Likely Above $2K

TA: Ethereum Hesitates But Further Gains Seem Likely Above $2K

Ethereum gained pace and cleared the $2,000 resistance against the US Dollar. ETH is consolidating and might rise further towards the $2,120 resistance.


  • Ethereum extended its increase above the $1,920 resistance zone.

  • The price is now trading above $1,950 and the 100 hourly simple moving average.

  • There was a break above a short-term bearish trend line with resistance near $1,950 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could continue to rise further higher towards the $2,050 and $2,120 levels.


  • Ethereum Price Eyes More Upsides

    Ethereum remained well bid above the $1,850 level. ETH gained pace after there was a clear move above the $1,880 resistance zone. It even climbed above the $1,920 level.


    The bulls pumped the price above the $1,950 resistance and the 100 hourly simple moving average. Finally, there was a move above the $2,000 resistance and the price traded as high as $2,029. Recently, there was a downside correction below the $2,000 level.


    Ether declined below a key bullish trend line forming with support near $2,000 on the ..

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