Ethereum Price Forecast: ETH Technical Breakout Sets The Pace For Upswing Beyond $2,000

• Ethereum prints a cup and handle pattern on the 4-hour chart, paving the way for an upswing above $2,000.
• Ether is in the hands of the bulls, as cemented by the MACD indicator.

Ethereum has come out of the woods and is glancing toward a new all-time high past $2,000. The flagship smart contract token had been stuck beneath $16,000 following the breakdown to price levels marginally below $1,300.