Ethereum continues yesterday's bearish consolidation after climbing to $ 2,000. We are now at $ 1930 and again seek support in the $ 1900 zone. If Ethereum finds support, here again, we could see a new bullish impulse. We need a jump above 1950 dollars and MA20 and MA50 moving averages for the bullish option. After that, the price would rise again to $ 2,000 prices on new resistance testing. The price could continue to a large resistance zone of the $ 2100 level with further positive consolidation. For the bearish option, we need continued negative consolidation and a break below $ 1,900. Potential lower bearish targets are $ 1,875, $ 1,800.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.