Ethereum price can continue to rise up to $2300
Updated
Hi everyone,
Ethereum price broke all resistance levels and reached local ATH. Last time Ethereum price was at these levels in April.
Ethereum price is rising on the news that Blackrock applied to spot Ethereum ETF. This was main driving news which lead ETH price to pump for over $200 in just one day.
If we look at RSI it shows that price is overbought and we can expect some correction from current levels. For bulls it will be important to stay above 2000 level, consolidate for some time and contiue to rise.
I think that Ethereum has a potential to continue to rise at least up to $2200 - $2300 area but at this point all depends on the news and Bitcoin. If there will be some bad news or Bitcoin will dump heavily than it will be difficult for Ethereum to hold at the current levels.
Please, do not forget to boost this idea & share it with your friends; thanks.
Ethereum price broke all resistance levels and reached local ATH. Last time Ethereum price was at these levels in April.
Ethereum price is rising on the news that Blackrock applied to spot Ethereum ETF. This was main driving news which lead ETH price to pump for over $200 in just one day.
If we look at RSI it shows that price is overbought and we can expect some correction from current levels. For bulls it will be important to stay above 2000 level, consolidate for some time and contiue to rise.
I think that Ethereum has a potential to continue to rise at least up to $2200 - $2300 area but at this point all depends on the news and Bitcoin. If there will be some bad news or Bitcoin will dump heavily than it will be difficult for Ethereum to hold at the current levels.
Please, do not forget to boost this idea & share it with your friends; thanks.
Note
Ethereum price dropped under 2000 level and even touched 1915 - 1940 support area. I guess that there will be some attempts to rise up to 2100 or even higher but I'm not sure that Ethereum will manage to break 2140 resistance lvel. The selling presure was to high but it's not over yet.
Note
After touching 1915 - 1940 support area Ethereum is on the rise again.Currently ETH is trading above 2000 level and it's very good for the bulls.
As I indicated there will be at least one attemt to break 2140 resistance level and probably we'll see it this week.
I'm not sure if Ethereum will manage to break it but it should at least touch it.
Note
Ethereum currently is trading above 2100 price and most likely will try to break 2140 resistance line. In case if ETH manages to break this resistance then road to 2300 will be open.
Lets see how it goes.
Note
Ethereum touched resistance level at 2140 but didn't manage to break it.ETH price in correction phase at the moment but there is still possibility for another attempt to break 2140 resistance.
Note
Ethereum price drops under 2000 level but recovered after that. For the bulls it's important for the price to stay above 2000.
Otherwise we can see stronger correction up to 1940 level.
Note
Ethereum continues to trade above 2000 and made several attempts to break 2140 level but didn't manage so far. Good thing here is that price doesn't drop much and stays close to the resistance level at 2140 so any time it can break it and pump up to 2300 level.
Bad thing is that in case if Bitcoin price drops Ethereum price will drop even more.
Note
Ethereum finally broke 2140 resistance level and set new yearly high at 2185.There is a good chance that ETH price will continue to rise at least up to 2250 - 2300 levels.
Note
Ethereum price finally reached 2300 level.
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