{"id":26769,"date":"2023-07-14T03:53:04","date_gmt":"2023-07-14T07:53:04","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26769"},"modified":"2023-07-14T03:53:04","modified_gmt":"2023-07-14T07:53:04","slug":"ethereum-price-breaks-2000-as-the-bulls-take-over-crypto-market","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/14\/ethereum-price-breaks-2000-as-the-bulls-take-over-crypto-market\/","title":{"rendered":"Ethereum Price Breaks $2,000 As The Bulls Take Over Crypto Market"},"content":{"rendered":"

Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90.<\/em><\/p>\n

Ethereum is up over 7% from the $1,850 support zone.
\nThe price is trading above $1,980 and the 100-hourly Simple Moving Average.
\nThere was a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further toward the $2,050 and $2,120 resistance levels.<\/p>\n

Ethereum Price Aims Higher<\/h2>\n

Ethereum\u2019s price remained well-bid above the $1,850 zone. ETH started a decent increase after XRP<\/a> surged over 50%. There was a move above the key $1,890 resistance zone. Many altcoins, including MATIC, SOL<\/a>, BNB<\/a>, and ADA<\/a> gained handsomely in the past few hours.<\/p>\n

There was also a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD. The pair gained over 7% and even surpassed the $2,000 resistance zone. A high is formed near $2,027 and the price is now consolidating gains.<\/p>\n

Ether is trading above $1,980 and the 100-hourly Simple Moving Average. It is also well above the 23.6% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high.<\/p>\n\n

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

On the upside, immediate resistance is near the $2,025 level. The first major resistance is near the $2,050 zone, above which the price could rise toward the $2,120 resistance zone. The next major resistance is near the $2,200 level. Any more gains could send Ether toward the $2,250 resistance or even $2,350.<\/p>\n

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

If Ethereum fails to clear the $2,025 resistance, it could start a downside correction. Initial support on the downside is near the $2,000 level.<\/p>\n

The first major support is near the $1,980 level, below which the price might test the $1,945 level. It is close to the 50% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. The next major support is near the $1,905 level. Any more losses could send Ether toward the $1,865 support level in the near term.<\/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 above the 50 level.<\/p>\n

Major Support Level \u2013 $1,945<\/p>\n

Major Resistance Level \u2013 $2,050<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90.<\/em><\/p>\n

Ethereum is up over 7% from the $1,850 support zone.
\nThe price is trading above $1,980 and the 100-hourly Simple Moving Average.
\nThere was a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could rise further toward the $2,050 and $2,120 resistance levels.<\/p>\n

Ethereum Price Aims Higher<\/h2>\n

Ethereum\u2019s price remained well-bid above the $1,850 zone. ETH started a decent increase after XRP<\/a> surged over 50%. There was a move above the key $1,890 resistance zone. Many altcoins, including MATIC, SOL<\/a>, BNB<\/a>, and ADA<\/a> gained handsomely in the past few hours.<\/p>\n

There was also a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH\/USD. The pair gained over 7% and even surpassed the $2,000 resistance zone. A high is formed near $2,027 and the price is now consolidating gains.<\/p>\n

Ether is trading above $1,980 and the 100-hourly Simple Moving Average. It is also well above the 23.6% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high.<\/p>\n

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

On the upside, immediate resistance is near the $2,025 level. The first major resistance is near the $2,050 zone, above which the price could rise toward the $2,120 resistance zone. The next major resistance is near the $2,200 level. Any more gains could send Ether toward the $2,250 resistance or even $2,350.<\/p>\n

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

If Ethereum fails to clear the $2,025 resistance, it could start a downside correction. Initial support on the downside is near the $2,000 level.<\/p>\n

The first major support is near the $1,980 level, below which the price might test the $1,945 level. It is close to the 50% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. The next major support is near the $1,905 level. Any more losses could send Ether toward the $1,865 support level in the near term.<\/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 above the 50 level.<\/p>\n

Major Support Level \u2013 $1,945<\/p>\n

Major Resistance Level \u2013 $2,050<\/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-26769","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\/26769","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=26769"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26769\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26769"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}