{"id":22863,"date":"2023-04-28T03:54:04","date_gmt":"2023-04-28T07:54:04","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=22863"},"modified":"2023-04-28T03:54:04","modified_gmt":"2023-04-28T07:54:04","slug":"ethereum-price-looks-set-for-another-leg-over-2k","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/28\/ethereum-price-looks-set-for-another-leg-over-2k\/","title":{"rendered":"Ethereum Price Looks Set For Another Leg Over $2K"},"content":{"rendered":"

Ethereum price is trading in a positive zone above $1,850 support against the US Dollar. ETH could rally toward $2,000 if it stays above the $1,880 support.<\/em><\/p>\n

Ethereum is consolidating and facing resistance near the $1,925 level.
\nThe price is trading above $1,850 and the 100-hourly Simple Moving Average.
\nThere is a key contracting triangle forming with resistance near $1,920 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rally again if it clears the $1,925 resistance.<\/p>\n

Ethereum Price Remains Supported<\/h2>\n

Ethereum\u2019s price started a fresh increase from the $1,800 support zone. ETH gained pace and was able to settle above the $1,850 resistance zone, similar to Bitcoin<\/a>.<\/p>\n

The upward move was such that the price even cleared the $1,880 resistance. A high is formed near $1,940 and the price is now consolidating gains. It is trading near the 50% Fib retracement level of the recent increase from the $1,873 swing low to the $1,940 high.<\/p>\n

Ether price is also well above $1,850 and the 100-hourly Simple Moving Average. Besides, there is a key contracting triangle forming with resistance near $1,920 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

Immediate resistance is near the $1,925 level and the triangle region. A close above the $1,925 level might start a fresh rally. In the stated case, the price could rise toward the $1,960 resistance. Any more gains could send Ether toward the $2,000 resistance. Finally, if the bulls remain in action, there could be a drift toward the $2,120 level where the bears might take a stand and protect more gains.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If Ethereum fails to clear the $1,925 resistance<\/a>, it could start another decline. Initial support on the downside is near the $1,890 level and triangle trend line.<\/p>\n

The next major support is near the $1,880 zone or the 100-hourly Simple Moving Average. It is close to the 76.4% Fib retracement level of the recent increase from the $1,873 swing low to the $1,940 high, below which ether price might revisit the $1,840 support zone. Any more losses may perhaps take the price toward $1,800 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\n

Major Support Level \u2013 $1,880<\/p>\n

Major Resistance Level \u2013 $1,925<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is trading in a positive zone above $1,850 support against the US Dollar. ETH could rally toward $2,000 if it stays above the $1,880 support.<\/em><\/p>\n

Ethereum is consolidating and facing resistance near the $1,925 level.
\nThe price is trading above $1,850 and the 100-hourly Simple Moving Average.
\nThere is a key contracting triangle forming with resistance near $1,920 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rally again if it clears the $1,925 resistance.<\/p>\n

Ethereum Price Remains Supported<\/h2>\n

Ethereum\u2019s price started a fresh increase from the $1,800 support zone. ETH gained pace and was able to settle above the $1,850 resistance zone, similar to Bitcoin<\/a>.<\/p>\n

The upward move was such that the price even cleared the $1,880 resistance. A high is formed near $1,940 and the price is now consolidating gains. It is trading near the 50% Fib retracement level of the recent increase from the $1,873 swing low to the $1,940 high.<\/p>\n

Ether price is also well above $1,850 and the 100-hourly Simple Moving Average. Besides, there is a key contracting triangle forming with resistance near $1,920 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

Immediate resistance is near the $1,925 level and the triangle region. A close above the $1,925 level might start a fresh rally. In the stated case, the price could rise toward the $1,960 resistance. Any more gains could send Ether toward the $2,000 resistance. Finally, if the bulls remain in action, there could be a drift toward the $2,120 level where the bears might take a stand and protect more gains.<\/p>\n

Fresh Decline in ETH?<\/h2>\n

If Ethereum fails to clear the $1,925 resistance<\/a>, it could start another decline. Initial support on the downside is near the $1,890 level and triangle trend line.<\/p>\n

The next major support is near the $1,880 zone or the 100-hourly Simple Moving Average. It is close to the 76.4% Fib retracement level of the recent increase from the $1,873 swing low to the $1,940 high, below which ether price might revisit the $1,840 support zone. Any more losses may perhaps take the price toward $1,800 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\n

Major Support Level \u2013 $1,880<\/p>\n

Major Resistance Level \u2013 $1,925<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-22863","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=22863"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22863\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22863"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}