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{"id":524377,"date":"2023-03-24T04:58:05","date_gmt":"2023-03-24T04:58:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524377"},"modified":"2024-06-11T11:18:57","modified_gmt":"2024-06-11T11:18:57","slug":"ethereum-price-rally-to-2000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-rally-to-2000\/","title":{"rendered":"Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands"},"content":{"rendered":"

Ethereum price started a fresh increase above the $1,800 resistance against the US Dollar. ETH is showing positive signs and might rally towards $2,000.<\/em><\/p>\n

\n
Ethereum remained strong above the $1,700 zone and recovered losses.<\/li>\n
The price is trading above $1,780 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $1,780 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rally towards $2,000 if there is a close above the $1,850 resistance.<\/li>\n<\/ul>\n
Ethereum Price Aims Higher<\/h2>\n
Ethereum price started a downside below the $1,750 support. However, the bulls were active above the $1,700 support zone. A low as formed near $1,713 and ETH price started a fresh increase, similar to bitcoin<\/a>.<\/p>\n
The price gained pace above the $1,750 and $1,780 resistance levels. There was a clear move above the $1,800 resistance zone. The upward move was such that the price even spiked above the $1,850 resistance zone. A high is formed near $1,858 and the price is now consolidating gains.<\/p>\n
There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1,713 swing low to $1,858 high. Ether price is now trading above $1,780 and the 100 hourly simple moving average<\/a>.<\/p>\n
There is also a key bullish trend line forming with support at $1,780 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,830 zone. The next major resistance is near the $1,850 zone. A close above the $1,850 resistance zone might start a strong increase.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next aim for the bulls might be $2,000. Any more gains could set the pace for a test of the $2,120 resistance zone in the near term.<\/p>\n
Downside Break in ETH?<\/h2>\n
If ethereum fails to clear the $1,850 resistance, it could start another decline. An initial support on the downside is near the $1,790 level and the trend line.<\/p>\n
The next major support is near the $1,765 zone or the 61.8% Fib retracement level of the upward move from the $1,713 swing low to $1,858 high. If there is a break below $1,765, the price might gain bearish momentum and drop towards $1,720. Any more losses might call for a test of the $1,660 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $1,765<\/p>\n
Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a fresh increase above the $1,800 resistance against the US Dollar. ETH is showing positive signs and might rally towards $2,000. Ethereum remained strong above the $1,700 zone and recovered losses. The price is trading above $1,780 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $1,780 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rally towards $2,000 if there is a close above the $1,850 resistance. Ethereum Price Aims Higher Ethereum price started a downside below the $1,750 support. However, the bulls were active above the $1,700 support zone. A low as formed near $1,713 and ETH price started a fresh increase, similar to bitcoin. The price gained pace above the $1,750 and $1,780 resistance levels. There was a clear move above the $1,800 resistance zone. The upward move was such that the price even spiked above the $1,850 resistance zone. A high is formed near $1,858 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1,713 swing low to $1,858 high. Ether price is now trading above $1,780 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support at $1,780 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $1,830 zone. The next major resistance is near the $1,850 zone. A close above the $1,850 resistance zone might start a strong increase. Source: ETHUSD on TradingView.com The next aim for the bulls might be $2,000. Any more gains could set the pace for a test of the $2,120 resistance zone in the near term. Downside Break in ETH? If ethereum fails to clear the $1,850 resistance, it could start another decline. An initial support on the downside is near the $1,790 level and the trend line. The next major support is near the $1,765 zone or the 61.8% Fib retracement level of the upward move from the $1,713 swing low to $1,858 high. If there is a break below $1,765, the price might gain bearish momentum and drop towards $1,720. Any more losses might call for a test of the $1,660 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $1,765 Major Resistance Level \u2013 $1,850<\/p>\n","protected":false},"author":67,"featured_media":504752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,78803],"class_list":["post-524377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands<\/title>\n<meta name=\"description\" content=\"Ethereum price started a fresh increase above the $1,800 resistance against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-rally-to-2000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-rally-to-2000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/Depositphotos_13737082_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/Depositphotos_13737082_s-2019.jpg?fit=1000%2C750"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","ethusdt"],"dateCreated":"2023-03-24T04:58:05Z","datePublished":"2023-03-24T04:58:05Z","dateModified":"2024-06-11T11:18:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-rally-to-2000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-rally-to-2000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_13737082_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_13737082_s-2019.jpg?fit=1000%2C750\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-03-24T04:58:05Z\",\"datePublished\":\"2023-03-24T04:58:05Z\",\"dateModified\":\"2024-06-11T11:18:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/Depositphotos_13737082_s-2019.jpg?fit=1000%2C750","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524377"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=524377"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/504752"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=524377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=524377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=524377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}