Ethereum price needs to cross one hurdle before it can reach $2,000


  • ETH/USD refreshes record top as bulls flirt with $1,900.
  • Six-week-old ascending trend line adds to the upside filters.
  • Previous resistance line from Saturday offers immediate support.

Ethereum bulls are unstoppable as the altcoin refreshes record top with $1,899 figure, still rising, amid the early Thursday.

Although bullish MACD joins the cryptocurrency pair’s upside break of a short-term resistance line, now support, to favor the ETH/USD bulls, an upward sloping trend line from January 10, at $1,960 now, may challenge the quote’s further upside.

In a case where the ETH/USD buyers dominate past-$1,960, which is more likely, the $2,000 psychological magnet will pop-up on their radar.

Meanwhile, pullback moves can eye to retest the previous resistance line, at $1,800 now.

If at all the ETH/USD sellers sneak it below $1,800 another support line from February 07, currently $1,725, will test the quote’s further weakness.

To sum up, Ethereum bulls have a bumpy road ahead while the downside moves have multiple filters.

ETH/USD four-hour chart

Trend: Bullish

Additional imoprtant levels

Overview
Today last price 1897.76
Today Daily Change 45.76
Today Daily Change % 2.47%
Today daily open 1852
 
Trends
Daily SMA20 1659.03
Daily SMA50 1357.25
Daily SMA100 965.12
Daily SMA200 675.34
 
Levels
Previous Daily High 1857.61
Previous Daily Low 1733.87
Previous Weekly High 1868.9
Previous Weekly Low 1493.28
Previous Monthly High 1477.3
Previous Monthly Low 715.22
Daily Fibonacci 38.2% 1810.34
Daily Fibonacci 61.8% 1781.14
Daily Pivot Point S1 1771.38
Daily Pivot Point S2 1690.75
Daily Pivot Point S3 1647.64
Daily Pivot Point R1 1895.12
Daily Pivot Point R2 1938.23
Daily Pivot Point R3 2018.86

 

 

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