TA: Ethereum Hesitates But Further Gains Seem Likely Above $2K

[AJBot]

Ethereum gained pace and cleared the $2,000 resistance against the US Dollar. ETH is consolidating and might rise further towards the $2,120 resistance. Ethereum extended its increase above the $1,920 resistance zone. The price is now trading above $1,950 and the 100 hourly simple moving average. There was a break above a short-term bearish trend line with resistance near $1,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise further higher towards the $2, ...

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