Ethereum Reclaims the $2,000 High as It Revisits Previous Price Levels

Ethereum ETH) Current Statistics
The current price: $2,118.42
Market Capitalization: $254,821,245,553
Trading Volume: $25,245,670,104
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis November 10, 2023
On November 9, the price of Ethereum (ETH) surpassed the $2,000 high as it revisits previous price levels. The largest altcoin rebounded above the $1,880 support level and broke through the $1,920 resistance level. The bullish momentum continued to the $2,131.50 high.

ETH/USD wishes to return to the April 16 historical price level of $2,146.50. On the plus side, the largest altcoin has the potential to surpass the previous peak. In any case, the altcoin will be turned down at the peak of $2,200.

Ethereum will continue to rise if purchasers can overcome the $2,200 barrier. The market will reach a high of $3,000. Ether will fall if it fails to hit the previous highs of $2,146 and $2,200.The coin will fall precipitously to the $1,900 support and then to a low above the $1,800 support.

ETH Technical Indicators Reading
The horizontal moving average lines on the 4-hour chart are sliding upward as Ether rallies and breaks above the $2,000 psychological price threshold. The price bars are continually rising and are well above the moving average lines.

It is unknown when the positive momentum will fade as the market approaches overbought territory.

Conclusion
Ethereum reaches the psychological price level of $2,000 for the second time as it revisits previous price levels. Like Bitcoin, bulls have recaptured the $30,000 psychological price barrier since October 23. Bitcoin and Ethereum are expected to rise even further to new highs.

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