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Ethereum Price Analysis: ETH confidently matches toward new record highs

source-logo  coingape.com 06 April 2021 04:21, UTC
  • Ethereum extends the journey above $2,000, eyeing another all-time high around $2,500.
  • The trend is in the bull’s hands, especially with the MACD line crossing above the signal line.

Ethereum has been defying apparent gravitational force to post new all-time highs above $2,000. The flagship altcoin ignored a double-bottom pattern explored last week, paving the way for the majestic rise. Ether has brushed shoulders with $2,150 before retreating to test support at $2,000. At the time of writing, ETH has renewed the upswing and is moving forward in a bid to trade a new all-time high, preferably above $2,500.

coingape.com