TA: Why Ethereum is Primed To Revisit $2,000 and New ATH
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Ethereum extended its increase above the $1,750 and $1,800 resistance levels against the US Dollar. ETH price is showing positive signs and it is likely to revisit the $2,000 resistance zone.
Ethereum is gaining bullish momentum above the $1,700 and $1,800 resistance levels.
The price is now trading well above $1,800 and the 100 hourly simple moving average.
There is a crucial bullish trend line forming with support near $1,750 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct lower, but there are high chances of a move towards the $2,000 zone.