TA: Ethereum Holds Strong Above $2K, Why Rally Isn’t Over Yet

TA: Ethereum Holds Strong Above $2K, Why Rally Isn’t Over Yet


Ethereum traded to a new all-time high at $2,140 before correcting lower against the US Dollar. ETH price is now holding gains above the $2,000 support zone.

Ethereum is showing a lot of positive signs above the $2,000 support zone. The price is now well above the $2,000 support and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,075 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to start a fresh increase as long as there is no close below the $2,000 support zone. Ethereum Price Remains In Strong Uptrend

Ethereum followed a bullish path after there was a clear break above the $1,950 resistance, unlike bitcoin. ETH broke many important hurdles near the $2,000 to move further into a positive zone.

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The price gained bullish momentum and it even cleared the $2,100 level. Ether traded to a new all-time high near

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