ETH/USD to $2000

in Project HOPE3 years ago

ETH/USD March 10/11 2021

Ethereum found strong support at the levels of $1400-$1450 and bounced back to $1850+ and back to $1820 range. Resistance at the level of all-time high $1950 and its struggle to make new time highs over $2000 continues.
MACD shows a reversal of the trend from March 7th, 2021 and it continues. From here, it seems really bullish to cross $1950 and beyond to set new all-time highs or struggle between the levels of $1450 and $1850.

There is a good chance that this trend upwards will continue because of the new stimulus of $1.9 Trillion in the economy indirectly supporting the sentiment, people receiving the checks and re-investing in the market directly supporting the sentiment, and people getting their tax-returns and investing them into the market.

Volume is still low compared to the highs of January 2021 but seems enough to make another all-time high as it's more than February when ETH hit $1950+.

Market Cap and volume analysis also show capital returning to ETH and it might just be enough to hold these levels for a while and make new all-time highs before April 2021.

ETH Market Cap March 10/11 2021

Good luck with trading.

Disclaimer: I am not a financial adviser, and the purpose of this analysis is purely for information purposes only. Please make your own decisions, and be responsible for them. Every dollar you invest is your own responsibility.

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