{"id":25017,"date":"2023-07-03T04:03:59","date_gmt":"2023-07-03T04:03:59","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/07\/03\/ethereum-price-looks-ready-for-another-leg-higher-over-2000\/"},"modified":"2023-07-03T04:03:59","modified_gmt":"2023-07-03T04:03:59","slug":"ethereum-price-looks-ready-for-another-leg-higher-over-2000","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/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":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum worth is gaining tempo above $1,920 towards the US Dollar. ETH may acquire bullish momentum and may quickly clear the $2,000 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum is making an attempt a contemporary improve above the $1,920 zone.<\/li>\n<li>The worth is buying and selling above $1,900 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish pattern line with resistance close to $1,925 on the hourly chart of ETH\/USD (knowledge feed by way of Kraken).<\/li>\n<li>The pair may rise steadily towards the $2,000 resistance within the close to time period.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Higher<\/h2>\n<p>Ethereum\u2019s worth remained well-bid above the $1,820 help zone. ETH shaped a help base and began a contemporary improve above the $1,880 stage, outperforming <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-strong-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>.<\/p>\n<p>There was a transparent transfer above the $1,920 resistance zone. Besides, there was a break above a key bearish pattern line with resistance close to $1,925 on the hourly chart of ETH\/USD. The worth even traded to a brand new multi-day excessive at $1,960 and is at present consolidating good points.<\/p>\n<p>It is now displaying optimistic indicators and may quickly proceed to rise towards the $2,000 resistance. Ether is now buying and selling above $1,900 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-holds-strong-1800\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">100-hourly Simple Moving Average<\/a>. It can be above the 23.6% Fib retracement stage of the upward transfer from the $1,889 swing low to the $1,960 excessive.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-540769\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum.png\" alt=\"Ethereum Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum.png 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum-1536x707.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum-750x345.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Ethereum-1140x525.png 1140w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance is close to the $1,960 stage. The subsequent main resistance is close to the $2,000 stage. An in depth above the $2,000 zone may begin a contemporary rally. The subsequent resistance sits close to $2,050, above which the worth may rise towards the $2,120 stage. Any extra good points may ship Ether towards the $2,220 resistance.<\/p>\n<h2>Are Dips Limited in ETH?<\/h2>\n<p>If Ethereum fails to clear the $1,960 resistance or $1,980, it may begin a draw back correction. Initial help on the draw back is close to the $1,930 stage.<\/p>\n<p>The subsequent main help is close to the $1,920 stage. It is near the 61.8% Fib retracement stage of the upward transfer from the $1,889 swing low to the $1,960 excessive. The first main help is close to $1,900 and the 100-hourly Simple Moving Average. If there&#8217;s a transfer under $1,900, the worth may drop towards $1,880. Any extra losses could maybe ship the worth towards the $1,840 help.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum within the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now under the 50 stage.<\/p>\n<p>Major Support Level \u2013 $1,900<\/p>\n<p>Major Resistance Level \u2013 $1,960<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-higher-over-2000\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum worth is gaining tempo above $1,920 towards the US Dollar. ETH may acquire bullish momentum and may quickly clear the $2,000 resistance. Ethereum is making an attempt a contemporary improve above the $1,920 zone. The worth is buying and selling above $1,900 and the 100-hourly Simple Moving Average. There was a break above 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