{"id":16578,"date":"2023-01-21T16:01:33","date_gmt":"2023-01-21T16:01:33","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/21\/after-bitcoins-recent-surge-can-ethereum-eth-price-hit-2k\/"},"modified":"2023-01-21T16:01:33","modified_gmt":"2023-01-21T16:01:33","slug":"after-bitcoins-recent-surge-can-ethereum-eth-price-hit-2k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/21\/after-bitcoins-recent-surge-can-ethereum-eth-price-hit-2k\/","title":{"rendered":"After Bitcoin&#8217;s Recent Surge, Can Ethereum (ETH) Price Hit $2K?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/bitcoin-surge-ethereum-eth-price-2000\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Over the course of the previous three weeks, the <a href=\"https:\/\/coingape.com\/price\/ethereum\">price of Ethereum (ETH)<\/a> has seen a meteoric rise. Despite the truth that are a number of bearish indications that seem alongside the degrees of decrease timeframes, bulls have nonetheless continued to prevail. However, as per latest evaluation by specialists, the worth appears to point a development exhaustion that could possibly be underway.<\/p>\n<h2>Ethereum (ETH) Price Surge<\/h2>\n<p>The worth of <a href=\"https:\/\/coingape.com\/tag\/ethereum\/\">Ethereum<\/a> has elevated by 38% because the starting of 2023 and is presently buying and selling within the $1,650 vary. Because of this huge rise, new all-time highs have been established on January 13 and 20. And, regardless of the actual fact that there&#8217;s a clear theoretical prognosis for the Ethereum worth to reverse, there&#8217;s a chance that there will probably be a liquidity run, which could end in a 3rd greater excessive being reached.<\/p>\n<p><em><strong>Read More:\u00a0<\/strong><a href=\"https:\/\/coingape.com\/defi-lending-platforms\/\">Check Out The Top 10 DeFi Lending Platforms Of 2023<\/a><\/em><\/p>\n<p>This has been echoed by business stalwarts like Michael van de Poppe, a outstanding crypto analyst, who&#8217;s of the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1616802923022778369?s=20&amp;t=oP3O_zqNCg4dNLp_DMMLeA\">opinion<\/a> that ETH can proceed rallying in the direction of $1,700-1,730 earlier than dealing with any kind of rejection. Earlier, when the ETH worth had dipped, Micheal famous that these dips have been the \u201cbest options before the relief rally occurs\u201d.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-136343\" alt=\"\" width=\"1475\" height=\"699\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/01\/21203834\/Screenshot-2023-01-21-203815.png\"\/><\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-136343\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/01\/21203834\/Screenshot-2023-01-21-203815.png\" alt=\"\" width=\"1475\" height=\"699\"\/><\/noscript><\/p>\n<div class=\"css-1dbjc4n\">\n<div id=\"id__j1fotxmyvm\" class=\"css-1dbjc4n r-1ssbvtb r-1s2bzr4\" aria-labelledby=\"id__cy5wajpcrl id__q13x7wwk9il\">\n<div class=\"css-1dbjc4n r-9aw3ui\">\n<div class=\"css-1dbjc4n\">\n<div class=\"css-1dbjc4n r-1kqtdi0 r-1867qdf r-1phboty r-rs99b7 r-1ny4l3l r-1udh08x r-o7ynqc r-6416eg\">\n<div class=\"css-1dbjc4n\">\n<div class=\"css-1dbjc4n r-16y2uox r-1pi2tsx r-13qz1uu\">\n<div class=\"css-1dbjc4n r-1adg3ll r-1udh08x\">In this state of affairs, bulls have a chance of creating a comeback if they will drive the momentum sign to create a better excessive on the similar time. In the occasion that consumers are unable to make this happen, traders ought to anticipate a reasonable development reversal. Bears must push costs under $1,568\u2014a degree that serves as a assist for greater time frames\u2014so as to generate momentum in opposition to consumers. If the assist <a rel=\"nofollow\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ethereum-price-prediction-odds-stacked-against-bears-comeback-but-can-eth-bulls-retest-2-000-202301210543\">level<\/a> of $1,568 is breached and was a resistance degree, it&#8217;ll clear the way in which for sellers to push the worth of Ethereum all the way down to the assist ranges of $1,417, $1,331, and $1,227.<\/div>\n<\/div>\n<\/div>\n<h2>ETH To Cross $2K?<\/h2>\n<div class=\"css-1dbjc4n\">\n<div class=\"css-1dbjc4n r-16y2uox r-1pi2tsx r-13qz1uu\">\n<div class=\"css-1dbjc4n r-1adg3ll r-1udh08x\">On the opposite hand, few specialists are inclined to consider that the uptrend for Ethereum is way from being achieved. ETH bulls should stage a rebound so as to drive the <a href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">Relative Strength Index (RSI)<\/a> to create one other higher-high within the overbought space of their quest to assemble liquidity resting above $1,650. The $1,820 barrier can turn into a assist ground for Ethereum pricing whether it is overcome, in line with specialists. Concurrently if the RSI helps this upward climb, the bearish argument will probably be refuted &amp; the same growth would make ETH retest the psychological threshold of $2,000 as effectively.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-136346\" alt=\"\" width=\"907\" height=\"680\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/01\/21205229\/Screenshot-2023-01-21-205213.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-136346\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/01\/21205229\/Screenshot-2023-01-21-205213.png\" alt=\"\" width=\"907\" height=\"680\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA136330\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nPratik has been a crypto evangelist since 2016 &amp; been via nearly all that crypto has to supply. Be it the ICO growth, bear markets of 2018, Bitcoin halving to until now &#8211; he has seen all of it.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD136330\">\n<p> The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoin-surge-ethereum-eth-price-2000\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Over the course of the previous three weeks, the price of Ethereum (ETH) has seen a meteoric rise. Despite the truth that are a number of bearish indications that seem alongside the degrees of decrease timeframes, bulls have nonetheless continued to prevail. However, as per latest evaluation by specialists, the worth appears to point 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