Ethereum Price Gains Momentum, Eyes $2,000 Resistance
Ethereum has continued to rise above the $1,850 mark against the US dollar, surpassing Bitcoin’s performance in the process. The cryptocurrency is now poised to climb higher towards the significant resistance level of $2,000. The price is currently trading above $1,850 and the 100-hourly Simple Moving Average, indicating a positive trend. Additionally, there is a key bullish trend line forming with support near $1,870 on the hourly chart of ETH/USD. If the bullish momentum persists, Ethereum could break above the $1,920 and $1,950 levels, paving the way for a potential test of the $2,000 level. Further resistance levels to watch for include $2,050 and $2,120.
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