Ethereum price holds key technical pattern support for gains beyond $2,000

• Ethereum bulls defend ascending channel’s middle boundary support on the daily chart.
• Price action past $2,000 may trigger massive buy orders as $2,500 beckons.
• The MACD shows that the uptrend is not secured and declines will likely come into the picture.

Ethereum has been on an upward role since the beginning of March, as observed on the daily chart. The pioneer altcoin rose from the lows traded at $1,292 toward the end of February and reclaimed the position above $2,000 in April’s first week.