Ethereum

<div class="coinidol">
 <div class="info">
  <div class="news_info">
   Nov 14, 2023 at 06:34 // Price
  </div>
  <div class="author-box">
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
  </div>
 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/145/900_900_1/cnhe7x5hcgy87b78vzgq6lxt7tf0fdmh.jpg" width="900" height="562" alt="Ether is recovering after the recent setback" title="">
 <p><strong>The price of Ethereum (ETH) has held its recent high of $2,131, but has fallen back above the $2,000 support level.</strong></p>
 <h2 style="text-align: justify;" id="long-term-analysis-of-the-ethereum-price-bullish">Long-term analysis of the Ethereum price: Bullish</h2>
 <p style="text-align: justify;">After falling to a low of $2,013, the largest altcoin is on the rise again. Ether's current upswing will be interrupted if the bears fall below the psychological price threshold of $2,000.</p>
 <p style="text-align: justify;">If the bears manage to push the price below the $2,000 support level, the altcoin will experience a sharp decline. Ether will initially fall to a low above the $1,800 support level. If the buyers manage to keep the price above the high of $2,200, the positive trend will intensify. Should the buyers prevail, the bullish momentum will extend to a high of $3,000.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-ethereum-priceindicators">Analysis of the Ethereum Price&nbsp;indicators</h2>
 <p style="text-align: justify;">Ether is recovering after the recent setback above the $2,000 support level. On the 4-hour chart, the retracement has fallen below the 21-day SMA but is above the 50-day SMA. Ether is expected to continue trending sideways as it is trapped between the moving average lines. Ether will resume its climb if buyers keep the price above the 21-day SMA and the $2,136 resistance level.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators:</h3>
 <p style="text-align: justify;">Key resistance levels – $1,800 and $2,000<br> Key support levels – $1,600 and $1,400</p>
 <p style="text-align: justify;"><img width="1024" alt="ETHUSD_(Daily Chart) – NOV.13.jpg" src="https://cdn.thebittimes.com/images/2023/11/14/7fc0d4f3acbe31f3961753ea1c87212b.webp" height="532" title="ETHUSD_(Daily Chart) – NOV.13, 2023"><br></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-ethereum">What is the next direction for Ethereum?</h2>
 <p style="text-align: justify;">The Ethereum coin is still trading above the psychological price level of $2,000 per coin. After the price drop on November 9, the altcoin is now trading between $2,000 and $2,135 per coin. If the resistance levels of $2,135 and $2,146 are broken, the current uptrend will continue.</p>
 <p style="text-align: justify;">Coinidol.com reported it our previous Ethereum price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> that the bulls have broken through the resistance levels of $1,860 and $1,920 as the price rose to a high of $2,131 on November 9.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="ETHUSD_(4 hour Chart) – NOV. 13.jpg" src="https://cdn.thebittimes.com/images/2023/11/14/a43803fa5680d8ad34a41373ff522a47.webp" height="535" title="ETHUSD_(4 hour Chart) – NOV. 13, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-s-bullish-surge-continues-as-it-holds-above-2-000-tbt70186.html">https://thebittimes.com/ethereum-s-bullish-surge-continues-as-it-holds-above-2-000-tbt70186.html</a></p>

Ethereum's Bullish Surge Continues as It Holds above $2,000

Table of Contents

TheBitTimes

Other articles published on Nov 14, 2023

Binance launches Dual Investment product

Democratic Party of South Korea to compel parliamentary candidates to disclose crypto

Tower battery thief sentenced to 10 years imprisonment in South Africa 6 years after arrest

South Korean Regulators Form Task Force for Virtual Asset Listing Guidelines

Guild Esports Unveils Cutting-Edge Simulator Facility at Shoreditch Headquarters

Crypto.com Secures Key To The Desert: Dubai Crypto License Granted

Join our free newsletter for daily crypto updates!