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<ul class="news-points"> 
 <li>Ethereum (ETH) was able to break back above the key $2K resistance over the past few days.</li> 
 <li>The leading altcoin also escaped a short-term negative price channel that had formed on its daily chart.</li> 
 <li>At press time, technical indicators suggested that ETH’s price may continue rising in the next few days.</li> 
</ul> 
The leading altcoin, Ethereum (<a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">ETH</a>), was trading above the psychological $2K mark at press time, despite a slight 0.13% drop over the past 24 hours. This latest drop in the cryptocurrency’s price does not tell the full story, however, as its weekly performance was still well in the green at +5.12%. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/vPtTj4Yn5XGIADZWbDmJCHBysAvYYg3pGypyx9eQADXgCI8ztn3bIGKgmqhZsUZIo0Qluq1A0yqJCcktLKeSphp3pxTpQS1bmdzuec8iw_fjzJaw13mywk_hRWKt-eygd0VbwObQfMPQdKdjy6r4rzw" alt="">
 <figcaption class="wp-element-caption">
 Daily chart for ETH/USDT (Source: <a href="https://www.tradingview.com/x/VnaQf8oT/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
</figure> 
From a technical standpoint, ETH was able to break out of a short-term negative price channel that had formed on its charts over the past two weeks. This was after the altcoin bounced off of the $1,945 support level throughout the past 3 days. Following this rebound, ETH’s price surged more than 6%, allowing it to trade above the $2,065 barrier at press time. 
Should ETH close today’s daily candle above this significant mark, it may have the foundation needed to rise to the next threshold at $2,300 in the follo…
The post <a href="https://coinedition.com/eth-could-rise-to-as-high-as-2-3k-as-it-breaks-2k-barrier/">ETH Could Rise to as High as $2.3K as It Breaks $2K Barrier</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ETH Could Rise to as High as $2.3K as It Breaks $2K Barrier

Coin Edition

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