Ethereum Price Tests Its Important Level! Is ETH Price On A Path Of Rally?


20 Nov 2023 7:27 AM

ETH price experienced a jump of over 2.5%, resulting in the price trading just above the important resistance level of $2,000....

  • The cryptocurrency market gained approximately 2% in value over the weekend.
  • Bitcoin reclaimed the $37,000 level, while Ethereum experienced a jump of over 2.5% and traded just above the important resistance level of $2,000.
  • Ethereum broke out of multiple resistance levels after trading sideways for two weeks.
  • The price of Ethereum reached a new yearly high of $2,137 before losing momentum and trading negatively.
  • The Moving Average Convergence Divergence (MACD) indicates increased price action for Ethereum.

The article provides a positive outlook for the cryptocurrency market, highlighting the gains in value and the potential for Ethereum to regain momentum.

Go to publisher site

You May Ask

What was the price action in the cryptocurrency market over the weekend?What resistance level did Ethereum break out of?What was the new yearly high for Ethereum?What does the Moving Average Convergence Divergence (MACD) indicate for Ethereum?What are the potential scenarios for Ethereum's price movement in the future?

Suggested Reads