Ethereum

April

strong bull

<h2 id="span-data-font-font-size-style-font-size-20px-ethereum-approaches-2-000-resistance-against-usd-br-span">Ethereum approaches $2,000 resistance against USD. </h2>
After a strong bull run from Nov 2022 to April 2023, <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Ethereum</a> has shaped a bullish flag pattern on the daily chart. This pattern, seen as consolidation before a potential uptrend continuation, coincides with the current market recovery sentiment. On November 5th, Ether broke above the upper trendline, indicating a potential upcoming significant upward move.
<h3 id="span-data-font-font-size-style-font-size-18px-span-technical-view-span-span">Technical View:</h3>
According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Ethereum formed a support base and rose above the $1,850 resistance zone. ETH broke $1,880, surging to $1,920. Currently consolidating around $1,915, there was a slight correction below $1,900. It dipped below the 50% Fib retracement level from $1,858 to $1,915. Bulls defend the critical $1,860 level, previously resistance. A rebound might propel ETH, potentially leading to consolidation in the $1,980-$2,050 range. Conversely, if $1,860 isn't defended, ETH could see a sharp decline, hovering around $1,800. Further selling could stabilize the price near $1,750.&nbsp;
KEY LEVELS :
RESISTANCE LEVEL : $1,920-$1,960
SUPPORT LEVEL : $1,840-$1,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

ETHEREUM TECHNICAL ANALYSIS CMP-$1880: Is ETH Price Set to Exceed $2K?

Table of Contents

Coingabbar

Other articles published on Nov 15, 2023

What we need the most from our central banks

Decentralized Stablecoin Protocol Raft Loses $6.7 Million in Security Exploit Despite Multiple Au...

The Reason Why The Price Of DYDX Soar By 25% Today

Why Did This BAYC Holder Send Legal Notice to Yuga Labs?

Ethereum (ETH) Price Watch: Will It Break the $2,150 Barrier?

Tether and Bitfinex Obtain Final Judgment in Groundless Lawsuit

Join our free newsletter for daily crypto updates!