Ethereum’s price has recently rebounded and is currently testing a key area.
In case the bullish momentum carries on, the price is likely to head toward the $2,000 resistance zone in the near future.
Technical Analysis
By Edris
The Daily Chart
On the daily timeframe, the $1,550 support level has once again held the price, preventing it from dropping lower toward the $1,400 area. The 50-day moving average is currently being tested around $1,600.
If ETH breaks above, the $1,750 resistance level and the 200-day moving average located near the $1,800 mark are the next likely targets.
The RSI indicator has also risen above the 50% threshold, pointing to the fact that the momentum is in favor of the buyers once more.
Source: TradingView
The 4-Hour Chart
Looking at the 4-hour chart, it is evident that the price has been consolidating between the $1,550 and $1,750 levels for the past few months. However, the market has once again rebounded from the $1,550 level recently and is currently test
We współpracy z: https://cryptopotato.com/is-ethereum-going-to-finally-explode-to-2000-eth-price-analysis/
