Denys Serhiichuk
How great are chances of Ethereum (ETH) to get back to $2,000 zone shortly?
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The cryptocurrency market is neither bullish nor bearish on the last working day of the week.
Top coins by CoinMarketCap
ETH/USD
Ethereum (ETH) is the biggest gainer today, risnig by almost 2%.
Image by TradingView
On the hourly chart, the rate of Ethereum (ETH) has broken the local resistance at $1,915. If buyers can hold the gained initiative, growth may continue to the $1,950-$2,000 zone tomorrow. In addition, the volume has increased, which is a bullish signal.
Image by TradingView
On the daily time frame, the rate of Ethereum (ETH) is in the middle of the channel; however, if today’s candle closes with no long wicks, the upward move may continue to the zone around $1,960.
Such a scneario is relevant until the end of the week.
Image by TradingView
On the bigger chart, one should pay attention to the important zone of $2,000. If the bar closes above it, the accumulated energy can be enough for further growth to the resistance at $2,130.
Ethereum is trading at $1,938 at press time.
