- Ethereum rose to levels of $1940 today.
- Will ETH price rise above $2000 again?
- Ethereum needs to surpass the resistance level of $1960 to continue its rise!
Will Ethereum continue to rise? What can ETH investors expect? What is the future of ETH?
Short-Term ETH Price Analysis!
Short-Term ETH Price Chart Source: TradingView
When we examine Ethereum’s 30-minute price chart, we see that it experienced a drop of more than 3% due to sales from the resistance zone range we shared on our website yesterday.
For the upward movement in ETH price to continue, it needs to achieve 4-hour candlestick closes above the $1940 level. If the ETH price makes closes above $1940, it can rise again to the $2000 levels.
If Ethereum cannot surpass the resistance zone we mentioned in the analysis, it may drop to the $1780 levels.
Medium-Term ETH Analysis!
4 Hour ETH Price Analysis! Source: TradingView
When we examine Ethereum’s 4-hour price chart, we see that the ETH price rose to the $1960 level with serious purchases from the $1784 level.
If the ETH price makes 4-hour candlestick closes above the $1970 level, it can rise to the next resistance level of $2042 – $2070.
If the ETH price makes daily candlestick closes above the gray area mentioned in the analysis, it will aim to reach the $2300 levels in the upward trend.
Before that, the ETH price needs to make daily candlestick closes above the $2130 level.
