Ethereum

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/eth-price-analysis-hawkish-moves-resist-eth-jump-to-2000/">ETH Price Analysis: Hawkish Moves Resist ETH Jump To $2000!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
As the overall market awaits a new breakout rally, the BTC price moves sideways, close to the $35K mark. Similarly to the market leader, the biggest altcoin, ETH price action displays an ongoing bullish rally.&nbsp;
Bouncing off the $1520 support level with a double bottom reversal, the Ethereum price trend reclaims the 50-day and 200-day EMA. With such a trend reversal level, the <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">ETH price prediction</a> reveals a high bullish note for altcoin to end 2023.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49-1024x481.png" alt="" class="wp-image-241160" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/01120512/ETHUSD_2023-11-01_10-56-49.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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With a 17% jump in the latest recovery rally, the ETH price trend reaches the overhead resistance zone of $1800. Further, the high-speed recovery rally displays strong bullish candles in resonance with the market-wide recovery.&nbsp;
However, the price action displays long-range candles close to $1800, reflecting an indecisive trend due to excessive overhead supply. Further, the chances of a double top reversal arise as the buyers struggle at $1800.
Currently, the ETH price trades at $1801 with an intraday fall of 0.80%, resulting in a strong, bearish candle with higher price rejection. Therefore, the short-term correction warns of a pullback to retest the broken levels.&nbsp;
Technical indicators:
MACD indicator: The declining gap between the MACD and signal lines is teasing a bearish crossover. Moreover, the declining trend in histograms displays a lack of bullish histograms.&nbsp;
EMA: The rising crucial EMAs project a golden crossover and can support the ETH price in case of a pullback.&nbsp;
<h2 class="wp-block-heading" id="h-will-eth-price-cross-the-2000">Will ETH Price Cross The $2000?</h2>
If the ETH price manages to sustain the bullish momentum with a slight improvement in the market conditions, the buyers will prolong the uptrend. Considering the bullish breakout propels the prices above $1800, the rally can drive the prices to $2000.
On the flip side, a reversal from $1800 can retest the 200-day EMA at $1716.&nbsp;Such a reversal can delay the golden crossover event.

ETH Price Analysis: Hawkish Moves Resist ETH Jump To $2000!

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