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Home Market & Analysis

Ethereum Price Back Above $2,000—Breakout or Just a Temporary Bounce?

n70products by n70products
March 26, 2025
in Market & Analysis
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Ethereum Price Back Above $2,000—Breakout or Just a Temporary Bounce?
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Ethereum value began a restoration wave above the $2,000 zone. ETH is now consolidating and dealing with hurdles close to the $2,100 resistance.

  • Ethereum began a restoration wave above the $2,000 degree.
  • The value is buying and selling above $2,020 and the 100-hourly Easy Transferring Common.
  • There’s a connecting bullish development line forming with help at $2,000 on the hourly chart of ETH/USD (information feed through Kraken).
  • The pair should clear the $2,080 and $2,100 resistance ranges to start out an honest enhance.

Ethereum Value Recovers Additional

Ethereum value shaped a base above the $1,850 degree and began a restoration wave, like Bitcoin. ETH was capable of clear the $1,920 and $1,950 resistance ranges.

The bulls pushed the value above the $2,000 degree. Lastly, the value examined the $2,100 zone. A excessive was shaped at $2,104 and the value began a draw back correction. There was a transfer beneath the $2,080 degree. The value dipped beneath the 23.6% Fib retracement degree of the upward transfer from the $1,980 swing low to the $2,104 excessive.

Ethereum value is now buying and selling above $2,020 and the 100-hourly Simple Moving Average. There may be additionally a connecting bullish development line forming with help at $2,000 on the hourly chart of ETH/USD.

On the upside, the value appears to be dealing with hurdles close to the $2,080 degree. The following key resistance is close to the $2,100 degree. The primary main resistance is close to the $2,120 degree. A transparent transfer above the $2,120 resistance may ship the value towards the $2,200 resistance.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $2,200 resistance may name for extra positive factors within the coming periods. Within the acknowledged case, Ether might rise towards the $2,250 resistance zone and even $2,320 within the close to time period.

Are Dips Supported In ETH?

If Ethereum fails to clear the $2,100 resistance, it might begin one other decline. Preliminary help on the draw back is close to the $2,040 degree. The primary main help sits close to the $2,025 zone and the 61.8% Fib retracement degree of the upward transfer from the $1,980 swing low to the $2,104 excessive.

A transparent transfer beneath the $2,025 help may push the value towards the $2,000 help. Any extra losses may ship the value towards the $1,950 help degree within the close to time period. The following key help sits at $1,880.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is dropping momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now beneath the 50 zone.

Main Help Degree – $2,000

Main Resistance Degree – $2,100



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Tags: 2000BreakoutBounceEthereumPriceTemporary
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