Ethereum Retraces above the Psychological $2,000 Price Barrier
Login

Ethereum Retraces above the Psychological $2,000 Price Barrier

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Ethereum ETH) Current Statistics
The current price: $2,090.13
Market Capitalization: $250,247,152,233
Trading Volume: $8,533,837,941
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000


Ethereum (ETH) Price Analysis April 17, 2023
Ethereum (ETH) price is in the bullish trend zone as it retraces above the psychological $2,000 price barrier. Buyers were unable to maintain the bullish momentum above it, though. Ether is currently seeing a slight pullback as it nears the $2,084.94 low. The bullish trend may resume if Ether retraces and finds support above the 21-day SMA. The current trend is predicted to reach a peak of $2,200 before turning back. However, the selling pressure can return if the price drops below the 21-day SMA. The largest altcoin will fall to a low of $1,700.

Ethereum Retraces above the Psychological $2,000 Price Barrier
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether has a Relative Strength Index rating of 69 for period 14. Despite the dip, the largest altcoin is still in the bullish trend zone. When the price is higher than the moving average lines, the coin will climb. Below the daily Stochastic’s level 25, the altcoin is experiencing a bearish momentum. The increasing slope of the moving average lines indicates an uptrend.

Conclusion
The cost of Ethereum is dropping as it retraces above the psychological $2,000 price barrier. Currently, the retracement has ended above the $2,000 mark. It is projected that the largest altcoin will rise to $2,200. The price indicator suggests that ETH would rise but then reverse course at the Fibonacci extension level of 1.272, or $2,203.30.

Ethereum Retraces above the Psychological $2,000 Price Barrier
ETH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy LBLOCK


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News