Ethereum seeks new all-time highs at $ 2,000 The flagship Altcoin is currently fueling an uptrend after it bounced off the $ 1,675 support.
The 50 SMA and the lower bound of the bullish channel played support of the correction from the recently reached highs of $ 1,838. ETH / USD is trading at $ 1,765 amid a push to seek gains beyond $ 1,800.
However, the midline of the bullish channel must be overcome for the expected rally to materialize. It's worth noting that a broad bullish move will emanate after Ether extends above the upper edge and seller congestion at $ 1,838.
The MACD could confirm the uptrend if it crosses above the signal line. This could be an excellent position to buy in anticipation of a breakout towards $ 2,000. ETH / USD 4-hour chart
If Ethereum closes the day below $ 1,800, the turn to $ 2,000 is unlikely to occur as expected. Furthermore, the pressure on ETH would skyrocket if the token breaks the support provided by the 50 SMA and the lower edge of the bullish channel.
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