Ethereum Price Targets $2150 Again Bulls Seek Breakout Confirmation

The Ethereum price began a new surge from $1,950 to $1.950. $ETH now consolidates gains and could look for another increase above $2,050.

• Ethereum started a fresh upward move above the $1,920 zone.
• The price is trading above $1,950 and the 100-hourly Simple Moving Average.
• There is a key rising channel forming with support at $1,960 on the hourly chart of

$ETH

/USD (data feed via Kraken).

• The pair could start a fresh decline if it stays below the $2,090 zone.

Ethereum Price Eyes Fresh Gains

The Ethereum price sprang up and formed a base, trading above the $1,920 resistance (such as Bitcoin) to form ‘baseless’ Ethereum. $ETH price climbed above the $1,960 and $2,000 resistance levels.

It even pumped the price above $2,050 by bulls as well as being puffed up by the bull. The downside correction was made before a high at $2,089 and there was. Price dropped under $2,020 and 38. 2% Fib retracement level of the upward move from $1,835 swing low to $2,089 high before the bulls appeared.

Today Ethereum price is above $1,960 and the 100-hourly Simple Moving Average has been trading at this time. There is also a key rising channel with support at $1,960 on the hourly chart of $ETH/USD.

If the bulls remain active above $1,960, then it could try another increase. Near the $2,040 level, there is a vague resistance to immediate. First key resistance is near the $2,080 level of . Another major resistance near the $2,120 level is a close to the next big one. This might be a clear move above the $2,120 resistance that would direct price toward this $2.155 resist against it. An upside break above the $2,155 area may be a signal for more gains in the coming days. Similarly in the case of this, Ether could move toward the $2,220 resistance zone or even $2.250 at the very least near term.

Downside Continuation In $ETH ?

A new decline could begin if Ethereum fails to clear the $2,080 resistance. Initial support on the downside is near $1,990 level. It is the first major support, which sits near $1,960 zone or 50% Fib retracement level of upward move from $1.835 swing low to $2,000.089 high?

This could be a clear move below the $1,960 endorsement that would push price toward the 1,930 one-year support. The price could be shifted towards $1,880 area by any further losses to . Support $1,840 – 1st $.840 for the main sponsor could be an important one to follow.

Technical Indicators

Hourly MACD – The MACD for $ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for $ETH/USD is now above the 50 zone.

Major Support Level – $1,960

Major Resistance Level – $2,080

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