{"id":26207,"date":"2023-07-03T03:52:53","date_gmt":"2023-07-03T07:52:53","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=26207"},"modified":"2023-07-03T03:52:53","modified_gmt":"2023-07-03T07:52:53","slug":"ethereum-price-looks-ready-for-another-leg-higher-over-2000","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/03\/ethereum-price-looks-ready-for-another-leg-higher-over-2000\/","title":{"rendered":"Ethereum Price Looks Ready For Another Leg Higher Over $2,000"},"content":{"rendered":"

Ethereum price is gaining pace above $1,920 against the US Dollar. ETH could gain bullish momentum and might soon clear the $2,000 resistance.<\/em><\/p>\n

Ethereum is attempting a fresh increase above the $1,920 zone.
\nThe price is trading above $1,900 and the 100-hourly Simple Moving Average.
\nThere was a break above a key bearish trend line with resistance near $1,925 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise steadily toward the $2,000 resistance in the near term.<\/p>\n

Ethereum Price Aims Higher<\/h2>\n

Ethereum\u2019s price remained well-bid above the $1,820 support zone. ETH formed a support base and started a fresh increase above the $1,880 level, outperforming Bitcoin<\/a>.<\/p>\n

There was a clear move above the $1,920 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $1,925 on the hourly chart of ETH\/USD. The price even traded to a new multi-day high at $1,960 and is currently consolidating gains.<\/p>\n

It is now showing positive signs and might soon continue to rise toward the $2,000 resistance. Ether is now trading above $1,900 and the 100-hourly Simple Moving Average<\/a>. It is also above the 23.6% Fib retracement level of the upward move from the $1,889 swing low to the $1,960 high.<\/p>\n\n

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

Immediate resistance is near the $1,960 level. The next major resistance is near the $2,000 level. A close above the $2,000 zone could start a fresh rally. The next resistance sits near $2,050, above which the price could rise toward the $2,120 level. Any more gains could send Ether toward the $2,220 resistance.<\/p>\n

Are Dips Limited in ETH?<\/h2>\n

If Ethereum fails to clear the $1,960 resistance or $1,980, it could start a downside correction. Initial support on the downside is near the $1,930 level.<\/p>\n

The next major support is near the $1,920 level. It is close to the 61.8% Fib retracement level of the upward move from the $1,889 swing low to the $1,960 high. The first major support is near $1,900 and the 100-hourly Simple Moving Average. If there is a move below $1,900, the price could drop toward $1,880. Any more losses may perhaps send the price toward the $1,840 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $1,900<\/p>\n

Major Resistance Level \u2013 $1,960<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is gaining pace above $1,920 against the US Dollar. ETH could gain bullish momentum and might soon clear the $2,000 resistance.<\/em><\/p>\n

Ethereum is attempting a fresh increase above the $1,920 zone.
\nThe price is trading above $1,900 and the 100-hourly Simple Moving Average.
\nThere was a break above a key bearish trend line with resistance near $1,925 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise steadily toward the $2,000 resistance in the near term.<\/p>\n

Ethereum Price Aims Higher<\/h2>\n

Ethereum\u2019s price remained well-bid above the $1,820 support zone. ETH formed a support base and started a fresh increase above the $1,880 level, outperforming Bitcoin<\/a>.<\/p>\n

There was a clear move above the $1,920 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $1,925 on the hourly chart of ETH\/USD. The price even traded to a new multi-day high at $1,960 and is currently consolidating gains.<\/p>\n

It is now showing positive signs and might soon continue to rise toward the $2,000 resistance. Ether is now trading above $1,900 and the 100-hourly Simple Moving Average<\/a>. It is also above the 23.6% Fib retracement level of the upward move from the $1,889 swing low to the $1,960 high.<\/p>\n

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

Immediate resistance is near the $1,960 level. The next major resistance is near the $2,000 level. A close above the $2,000 zone could start a fresh rally. The next resistance sits near $2,050, above which the price could rise toward the $2,120 level. Any more gains could send Ether toward the $2,220 resistance.<\/p>\n

Are Dips Limited in ETH?<\/h2>\n

If Ethereum fails to clear the $1,960 resistance or $1,980, it could start a downside correction. Initial support on the downside is near the $1,930 level.<\/p>\n

The next major support is near the $1,920 level. It is close to the 61.8% Fib retracement level of the upward move from the $1,889 swing low to the $1,960 high. The first major support is near $1,900 and the 100-hourly Simple Moving Average. If there is a move below $1,900, the price could drop toward $1,880. Any more losses may perhaps send the price toward the $1,840 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $1,900<\/p>\n

Major Resistance Level \u2013 $1,960<\/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-26207","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\/26207","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=26207"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26207\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26207"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}