Ethereum Bulls Keeps Pushing, Why Rally Isn’t Over Yet

Ethereum started a fresh increase above the key $2,000 resistance zone against the US Dollar. ETH price could correct lower, but the bulls are likely to remain active near $2,000.

Ethereum is showing positive signs above the $2,000 and $2,050 support levels.
The price is now well above $2,000 and the 100 hourly simple moving average.
There is a key bullish trend lien forming with support near $1,960 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could dip in the short-term, but the bulls might protect the $1,950 support zone.

Ethereum Price Remains Strong
Ethereum started a steady increase after it broke the $1,850 resistance. ETH price gained pace above the $2,000 resistance zone and the 100 hourly simple moving average.
The price even climbed above the $2,100 level. It tested the 1.236 Fib extension level of the of the main decline from the $2,035 swing high to $1,710 low. The price traded as high as $2,144 and it is now consolidating gains.
It is now well above $2,000 and the 100 hourly simple moving average. An immediate support is near the $2,040 level. It is close to the 23.6% Fib retracement level of the of the recent increase from the $1,715 swing low to $2,144 high.

Source: ETHUSD on TradingView.com
The next major support is near the $2,000 level. There is also a key bullish trend lien forming with support near $1,960 on the hourly chart of ETH/USD. The trend line support at $1,960 is also close to the 100 hourly SMA.
Any more losses could spark a nasty decline below $1,950. The next major support on the downside is near the $1,850 level.
Fresh Decline in ETH?
If Ethereum remains above the trend line support and $1,950, it could continue to rise. An immediate resistance on the upside is near the $2,150 level.
The next key resistance is near the $2,200 zone. Any more gains could set the pace for a move towards the $2,250 level. A close above $2,250 might open the doors for a steady increase towards the $2,500 level in the near term.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently well above the 50 level.
Major Support Level – $1,950
Major Resistance Level – $2,150

bitcoin
Bitcoin (BTC) $ 27,098.26
ethereum
Ethereum (ETH) $ 1,889.47
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 307.47
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.515576
staked-ether
Lido Staked Ether (STETH) $ 1,888.72
cardano
Cardano (ADA) $ 0.373026
dogecoin
Dogecoin (DOGE) $ 0.072203
matic-network
Polygon (MATIC) $ 0.904817
solana
Solana (SOL) $ 21.06
litecoin
Litecoin (LTC) $ 94.57
tron
TRON (TRX) $ 0.076415
polkadot
Polkadot (DOT) $ 5.26
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.36
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,128.27
uniswap
Uniswap (UNI) $ 5.06
leo-token
LEO Token (LEO) $ 3.58
chainlink
Chainlink (LINK) $ 6.42
cosmos
Cosmos Hub (ATOM) $ 10.57
okb
OKB (OKB) $ 45.79
monero
Monero (XMR) $ 146.42
the-open-network
Toncoin (TON) $ 1.79
ethereum-classic
Ethereum Classic (ETC) $ 18.03
stellar
Stellar (XLM) $ 0.092239
bitcoin-cash
Bitcoin Cash (BCH) $ 114.50
filecoin
Filecoin (FIL) $ 4.98
internet-computer
Internet Computer (ICP) $ 4.84
true-usd
TrueUSD (TUSD) $ 1.00
lido-dao
Lido DAO (LDO) $ 2.18
aptos
Aptos (APT) $ 8.95
quant-network
Quant (QNT) $ 118.84
hedera-hashgraph
Hedera (HBAR) $ 0.050841
arbitrum
Arbitrum (ARB) $ 1.19
crypto-com-chain
Cronos (CRO) $ 0.059404
vechain
VeChain (VET) $ 0.019954
near
NEAR Protocol (NEAR) $ 1.59
the-graph
The Graph (GRT) $ 0.132103
apecoin
ApeCoin (APE) $ 3.10
algorand
Algorand (ALGO) $ 0.150968
the-sandbox
The Sandbox (SAND) $ 0.566200
paxos-standard
Pax Dollar (USDP) $ 0.999861
frax
Frax (FRAX) $ 1.00
edgecoin-2
Edgecoin (EDGT) $ 1.00
eos
EOS (EOS) $ 0.903929
rocket-pool
Rocket Pool (RPL) $ 49.11
elrond-erd-2
MultiversX (EGLD) $ 37.23