{"id":32364,"date":"2023-11-16T06:52:27","date_gmt":"2023-11-16T06:52:27","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/11\/16\/ethereum-price-bullish-momentum-reignites-can-bulls-pust-eth-to-2200\/"},"modified":"2023-11-16T06:52:27","modified_gmt":"2023-11-16T06:52:27","slug":"ethereum-price-bullish-momentum-reignites-can-bulls-pust-eth-to-2200","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/11\/16\/ethereum-price-bullish-momentum-reignites-can-bulls-pust-eth-to-2200\/","title":{"rendered":"Ethereum Price Bullish Momentum Reignites \u2013 Can Bulls Pust ETH To $2,200?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Ethereum worth remained sturdy and began a contemporary improve above $2,000. ETH may proceed to rise if it clears the $2,075 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum is once more shifting increased above the $2,000 help zone.<\/li>\n<li>The worth is buying and selling above $2,000 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish pattern line forming with help close to $2,046 on the hourly chart of ETH\/USD (knowledge feed by way of Kraken).<\/li>\n<li>The pair may speed up increased if it clears the $2,075 resistance zone within the close to time period.<\/li>\n<\/ul>\n<h2>Ethereum Price Reclaims $2K<\/h2>\n<p>After a draw back correction, Ethereum worth discovered help close to the $1,920 zone. ETH traded as little as $1,933 and not too long ago began a contemporary improve like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rallies-38k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>. There was a transparent transfer above the $1,950 and $1,975 resistance ranges.<\/p>\n<p>There was an in depth above the 50% Fib retracement degree of the downward transfer from the $2,118 swing excessive to the $1,933 low. Finally, it settled above the primary <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-trims-gains-1920\/\" target=\"_blank\" rel=\"noopener\">$2,000 resistance zone<\/a>.<\/p>\n<p>Ethereum is now buying and selling above $2,000 and the 100-hourly Simple Moving Average. There can also be a key bullish pattern line forming with help close to $2,046 on the hourly chart of ETH\/USD. Immediate resistance is close to the $2,075 zone. It is near the 76.4% Fib retracement degree of the downward transfer from the $2,118 swing excessive to the $1,933 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468\"><img decoding=\"async\" class=\"alignnone size-full wp-image-560922\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468\" alt=\"Ethereum Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/11\/Ethereum-11.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener\">ETHUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance sits at $2,120. A detailed above the $2,120 resistance may begin one other sturdy improve. The first resistance is close to $2,150, above which the value may purpose for a transfer towards the $2,200 degree. Any extra positive aspects may begin a wave towards the $2,250 degree.<\/p>\n<h2>More Losses in ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,075 resistance or the $2,120 pivot degree, it may begin a contemporary decline. Initial help on the draw back is close to the $2,045 degree or the pattern line.<\/p>\n<p>The subsequent key help is $2,025 or the 100-hourly Simple Moving Average. The primary help is $2,000. A draw back break under the $2,000 help would possibly begin a gentle decline. In the said case, Ether may drop towards the $1,920 help zone within the close to time period. Any extra losses would possibly name for a drop towards the $1,850 degree.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is dropping momentum within the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 degree.<\/p>\n<p>Major Support Level \u2013 $2,025<\/p>\n<p>Major Resistance Level \u2013 $2,120<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-bullish-momentum-2200\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum worth remained sturdy and began a contemporary improve above $2,000. ETH may proceed to rise if it clears the $2,075 resistance zone. Ethereum is once more shifting increased above the $2,000 help zone. The worth is buying and selling above $2,000 and the 100-hourly Simple Moving Average. There is a key bullish pattern 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