What to Expect for Ethereum Investors in the Short Term! Current ETH Analysis!

• 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.