Ethereum Price Rally In Jeopardy? Decoding Key Hurdles To Fresh Increase


20 Nov 2023 4:08 AM

Ethereum price started a fresh increase from the $1,900 support. ETH is now facing resistance near $2,020, above which it could accelerate higher....

  • Ethereum price has started a fresh increase from the $1,900 support.
  • The price is currently facing resistance near $2,020.
  • A major bearish trend line is forming with resistance near $2,020.
  • If the price clears the $2,020 resistance, it could accelerate higher.
  • On the downside, initial support is near $1,980 and the 100-hourly Simple Moving Average.
  • The next key support levels are $1,950 and $1,900.

The sentiment of the article is mostly neutral. It provides an analysis of Ethereum's price movement and identifies key support and resistance levels. There is no strong positive or negative sentiment expressed.

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