TA: Ethereum Reclaims $2K, Why Upsides Could Be Limited Above $2.2K

* Ethereum found support near $1,700 against the US Dollar.
* ETH started a recovery wave and climbed above the key $2,000 resistance zone.
* Ethereum started a decent recovery wave above the $1,900 and $2,000 levels.
* The price is still trading below $2,150 and the 100 hourly simple moving average.
* There was a break above a major bearish trend line with resistance near $2,000 on the hourly chart of ETH/USD (data feed via Kraken).
* The pair could accelerate higher if it clears $2,150 and $2,200 in the near term.

 

 

shutterstock 516702481 TA: Ethereum Reclaims $2K, Why Upsides Could Be Limited Above $2.2K
TA: Ethereum Reclaims $2K, Why Upsides Could Be Limited Above $2.2K 2

Leave a Reply