Ethereum

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/eth-price-analysis-is-ethereum-price-heading-to-2000/">ETH Price Analysis: Is Ethereum Price Heading To $2000?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Amidst the volatile market, <a href="https://coinpedia.org/news/is-ethereums-eip-7514-a-double-edged-sword/" target="_blank" rel="noreferrer noopener">ETH price</a> emerges resilient, clutching firmly to its pivotal $1,500 support zone. Even with sharp market moves, Ethereum’s unwavering posture above this key benchmark is commendable. 
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Looking back at last week, the ETH price climbed its way back up to $1600. That’s a jump of 6.30% in just a week! But, just like Bitcoin, <a href="https://coinpedia.org/price-analysis/ethereums-surge-in-daily-active-addresses-eth-price-rebound-on-the-horizon/" target="_blank" rel="noreferrer noopener">Ethereum</a> had a slow weekend and saw a small drop of 1.5%. The ETH price is currently trading at $1635 as the market hints at a recovery.&nbsp; 
Digging deeper into the technical panorama, the conspicuous ‘death cross’ on the daily graph casts a shadow of bearishness over <a href="https://coinpedia.org/altcoin/why-staying-above-1600-is-a-bullish-indicator-for-ethereum-heres-the-next-resistance-for-eth-price/" target="_blank" rel="noreferrer noopener">Ethereum’s trajectory</a>. But, starting the week, Ethereum’s showing some promise with a 0.49% rise.&nbsp; 
Plus, with the ETH price not dipping much over the weekend, it looks like Ethereum might be gearing up for a comeback. Moreover, the lower price rejection observed in the recent daily candles implies a potential imminent bullish resurgence. 
Technical indicators: 
RSI indicator: The daily RSI traces a potent bullish divergence, further fanning the flames of a prospective rally breakout. 
MACD indicator: Both the MACD and its counterpart, the signal line, dance deftly, evading a bearish entanglement. 
Also Read: <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum Price Prediction 2023, 2024, 2025: Will ETH Price Cross The $2,000 Again This Year?</a> 
<h2 class="wp-block-heading" id="h-will-ethereum-prices-float-to-2000">Will Ethereum Prices Float To $2000?</h2> 
ETH price rally seems set to collide with a potent barrier located at the intersection of the 50-day EMA and the short-term resistance trendline. A triumphant breach past these adversaries could set the stage for <a href="https://coinpedia.org/news/how-did-bitcoin-and-ethereum-react-to-the-cpi-report/">Ethereum’s glorious return to $2000</a>. This will realign the 50 and 200-day EMA in a bullish manner. 
Conversely, a descent beneath the $1600 mark may threaten to pull Ethereum back into the gravitational grip of the $1500 threshold.

ETH Price Analysis: Is Ethereum Price Heading To $2000?

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