Ethereum bulls defend ascending channel’s middle boundary support on the daily chart.
Price action past $2,000 may trigger massive buy orders as $2,500 beckons.
The MACD shows that the uptrend is not secured and declines will likely come into the picture.
Ethereum has been on an upward role since the beginning of March, as observed on the daily chart. The pioneer altcoin rose from the lows traded at $1,292 toward the end of February and reclaimed the position above $2,000 in April’s first week.
A new record high was also achieved at $2,146 (on Coinbase) before the correction on Wednesday came into the picture. Attempts to defend the support at $2,000 were thwarted by increased overhead pressure, which affected most digital assets, including Bitcoin. The flagship cryptocurrency extended the bearish leg to $56,000 before finding stability.
At the time of writing, Ether teeters at $1,987 while holding onto the immediate support provided by the ascending channel’s middle boundary o
Źródło: https://coingape.com/ethereum-price-holds-key-technical-pattern-support-for-gains-beyond-2000/
