Ethereum Stabilizes above the Psychological Price Barrier of $2,000

Ethereum ETH) Current Statistics
The current price: $2,039.08
Market Capitalization: $245,329,148,327
Trading Volume: $14,531,154,231
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis November 13, 2023
The Ethereum (ETH) price has continued its upward momentum above the psychological price barrier of $2,000. During the last rally, the altcoin rose to a high of $2,131.50 before falling to a low of $2,013.50 as bulls purchased dips.

Today, ETH/USD is rising, reaching a high of $2,118.80. Following the recent retracement above the present support, the cryptocurrency is expected to soar to a new high of $2,300. The upswing, however, will face resistance at the highs of $2,146 and $2,200.

In contrast, Ethereum risks falling if the bears breach the $2,000 support level. The altcoin will fall to a low above the $1,800 support level.

ETH Technical Indicators Reading
Ether is stuck between the moving average lines on the 4-hour chart, causing it to fluctuate. When the crypto’s price breaks through the moving average lines, the largest altcoin will trend. Ether, for example, is declining as it falls below the 21-day simple moving average.

This decrease will force it to continue to the 50-day simple moving average. The selling pressure will increase if the bears breach the $2,000 support level. The

Conclusion
Ether is in an uptrend and is trading above the moving average lines and the psychological price barrier of $2,000. The recent highs are providing resistance to the rise. It was repulsed at the high of $2,131.50 during the first rise. It is now being rejected at a high of $2,118.80.

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