Ether (ETH) hit fresh all-time highs and neared $2,000 for the first time on Feb. 18 as momentum returned to trading.
ETH/USD 1-day candle chart (Bitstamp). Source: TradingView ETH sets sights on $2,000
After spending much of February trading sideways with modest upward momentum, the largest altcoin reawakened this week. At the time of writing, daily gains totaled more than 4%, with Ether clocking new all-time highs of $1,930.
Due to the extended period spent at just below that level, however, it was important that these hold as support in order to avoid a dramatic retracement.
“However, once again, quite a tricky breakout, so you basically have to watch that zone… at $1,820,” he summarized.
A failure of support