Ethereum Price Poised for $2,000 Rally as Bearish Sentiment Weakens
The Ethereum price has recently risen above the $1,800 resistance level against the US Dollar, indicating positive momentum and the potential

A high of $1,858 was reached, and the price is now consolidating gains. Although there was a slight decline below the 23.6% Fib retracement level, the Ether price is currently trading above $1,780 and the 100 hourly simple moving average.
Furthermore, an important bullish trend line is forming with support at $1,780 on the hourly chart of ETH/USD. On the positive side, the price is currently encountering resistance near the $1,830 zone, with the next significant obstacle near the $1,850 zone. A successful breakthrough of the $1,850 resistance zone may potentially trigger a substantial upward movement in price.
The next goal for the bullish trend may be to reach the $2,000 level. Further increases could even lead to a test of the $2,120 resistance zone in the near future.

- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
HFM
Related Posts
Doo Prime
XM
Best Forex Brokers
