Ethereum Gearing For Another Lift-Off to $2k
Ethereum gained pace and cleared the $1800 resistance against the US Dollar. ETH is rising and may be continuing to rise towards the $2000 resistance zone.
Ethereum remained well bid above the $1800 support and climbed further higher.
The price is now trading above $1820 support and climbed further higher. and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $1880 on the hourly chart of ETH/USD
The pair could continue to rise further higher towards the $1980 and $2000 levels.
Ethereum is now trending in CoinMarketCap The live Ethereum price today is $1,888.63 with a 24-hour trading volume of $20,129,502,661. Ethereum is down 0.05% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $230,280,759,203 USD. It has a circulating supply of 121,929,886 ETH coins
Source : CoinMarketCap
Ethereum remained well bid above the $1750 level ETH gained pace after there was a clear move above the $1800 resistance zone. it even climbed above the $1880 level.
There was a spike above the $1920 resistance and the price traded as high as $1943 there was a downside correction below the $1900 level. ETH Price tested the 23.6% FIb retracement level of the recent increase from the $1655 low to the $1943 high.
Source: ETHUSD on TradingView.com
ETC price is now trading above $1820 and the 100 hourly moving. immediate resistance to the update is near the $1920 level. the first major resistance level. the price may perhaps rise towards the $2120 resistance zone in the near term.
if Ethereum fails to rise above the $1940 resistance it could start a downside correction an initial support on the downside is approx the $1880 zone and the trend line.
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