How great are chances of Ethereum (ETH) to get back to $2,000 zone shortly?
The cryptocurrency market is neither bullish nor bearish on the last working day of the week.
Top coins by CoinMarketCap
ETH/USD
Ethereum (ETH) is the biggest gainer today, risnig by almost 2%.
Image by TradingView
On the hourly chart, the rate of Ethereum (ETH) has broken the local resistance at $1,915. If buyers can hold the gained initiative, growth may continue to the $1,950-$2,000 zone tomorrow. In addition, the volume has increased, which is a bullish signal.
Image by TradingView
On the daily time frame, the rate of Ethereum (ETH) is in the middle of the channel; however, if today’s candle closes with no long wicks, the upward move may continue to the zone around $1,960.
Such a scneario is relevant until the end of the week.
Image by TradingView
On the bigger chart, one should pay attention to the important zone of $2,000. If the bar closes above it, the accumulated energy can be enough for further growth to the resistance at $2,130.
Ethereum is trading at $1,938 at press time.