Why Ethereum Could Soon Test $2,000

Ethereum traded to a new all-time high near $1,870 before correcting lower against the US Dollar. ETH price is holding gains and it is likely to accelerate higher towards $2,000.

  • ETH price traded in a strong uptrend and climbed above $1,850 lower against the US Dollar.
  • The price is trading nicely above the $1,750 level and the 100 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $1,800 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher above the $1,850 and $1,900 levels in the coming sessions.

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