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{"id":539071,"date":"2023-06-22T03:19:43","date_gmt":"2023-06-22T03:19:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=539071"},"modified":"2024-06-11T14:37:52","modified_gmt":"2024-06-11T14:37:52","slug":"ethereum-price-follows-bitcoin-2000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-follows-bitcoin-2000\/","title":{"rendered":"Ethereum Price Follows Bitcoin and $2,000 Seems Imminent"},"content":{"rendered":"

Ethereum price is rallying above $1,850 against the US Dollar. ETH is clearly following Bitcoin\u2019s rally and might soon test the $2,000 resistance zone.<\/em><\/p>\n

\n
Ethereum is moving higher above the $1,850 and $1,880 resistance levels.<\/li>\n
The price is trading above $1,850 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further above the $1,930 and $1,950 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Surges Over 6%<\/h2>\n
Ethereum\u2019s price started a steady increase above the $1,720 resistance zone. Recently, Bitcoin saw a major increase<\/a> and helped ETH to clear the $1,850 resistance.<\/p>\n
The price is up over 6% and there was a move above the $1,900 level. A high is formed near $1,930 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high.<\/p>\n
Ether is also well above $1,850 and the 100-hourly Simple Moving Average<\/a>. Besides, there is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
Immediate resistance is near the $1,930 level. The next major resistance is near the $1,950 level. A successful move above the $1,930 and $1,950 resistance levels might send the price further higher. The next resistance sits near $2,000, above which Ethereum could rise toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance.<\/p>\n
Are Dips Supported in ETH?<\/h2>\n
If Ethereum fails to clear the $1,950 resistance, it could start a downside correction. Initial support on the downside is near the $1,900 level.<\/p>\n
The next major support is near the $1,880 level or the recent low. If there is a break and close below the $1,880 support, the price could drop toward the $1,820 support or the 50% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high. Any more losses may perhaps send the price toward the $1,780 zone or the 100-hourly Simple Moving Average.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is in the overbought zone.<\/p>\n
Major Support Level \u2013 $1,780<\/p>\n
Major Resistance Level \u2013 $1,950<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is rallying above $1,850 against the US Dollar. ETH is clearly following Bitcoin\u2019s rally and might soon test the $2,000 resistance zone. Ethereum is moving higher above the $1,850 and $1,880 resistance levels. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise further above the $1,930 and $1,950 resistance levels. Ethereum Price Surges Over 6% Ethereum\u2019s price started a steady increase above the $1,720 resistance zone. Recently, Bitcoin saw a major increase and helped ETH to clear the $1,850 resistance. The price is up over 6% and there was a move above the $1,900 level. A high is formed near $1,930 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high. Ether is also well above $1,850 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support near $1,890 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com Immediate resistance is near the $1,930 level. The next major resistance is near the $1,950 level. A successful move above the $1,930 and $1,950 resistance levels might send the price further higher. The next resistance sits near $2,000, above which Ethereum could rise toward the $2,050 level. Any more gains above the $2,050 resistance zone might send the price toward the $2,120 resistance. Are Dips Supported in ETH? If Ethereum fails to clear the $1,950 resistance, it could start a downside correction. Initial support on the downside is near the $1,900 level. The next major support is near the $1,880 level or the recent low. If there is a break and close below the $1,880 support, the price could drop toward the $1,820 support or the 50% Fib retracement level of the recent rally from the $1,715 swing low to the $1,930 high. Any more losses may perhaps send the price toward the $1,780 zone or the 100-hourly Simple Moving Average. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is in the overbought zone. Major Support Level \u2013 $1,780 Major Resistance Level \u2013 $1,950<\/p>\n","protected":false},"author":67,"featured_media":507527,"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-539071","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 Follows Bitcoin and $2,000 Seems Imminent<\/title>\n<meta name=\"description\" content=\"Ethereum price is rallying above $1,850 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 Follows Bitcoin and $2,000 Seems Imminent","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-follows-bitcoin-2000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-follows-bitcoin-2000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/shutterstock_584552989-1.jpg?fit=1000%2C667"},"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":"2023-06-22T03:19:43Z","datePublished":"2023-06-22T03:19:43Z","dateModified":"2024-06-11T14:37:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Follows Bitcoin and $2,000 Seems Imminent\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-follows-bitcoin-2000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-follows-bitcoin-2000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/shutterstock_584552989-1.jpg?fit=1000%2C667\"},\"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\":\"2023-06-22T03:19:43Z\",\"datePublished\":\"2023-06-22T03:19:43Z\",\"dateModified\":\"2024-06-11T14:37:52Z\"}<\/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\/shutterstock_584552989-1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/539071"}],"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=539071"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/539071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/507527"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=539071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=539071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=539071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}