{"id":14353,"date":"2021-02-17T05:32:46","date_gmt":"2021-02-17T05:32:46","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=14353"},"modified":"2021-02-17T05:32:48","modified_gmt":"2021-02-17T05:32:48","slug":"news-commentary-1290-bitstil-ethereum-2000-soon","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=14353","title":{"rendered":"News Commentary #1,290 \u2013 BitStil | Ethereum – $2,000 Soon..?"},"content":{"rendered":"

Again, BitStil <\/a>platform (reviewed here<\/a>)\u00a0comes out with news from the global crypto industry. This time they bring the following possible movements on Ethereum<\/strong> – the second largest coin by capitalization after Bitcoin, according to the coinmarketcap site stats.<\/p>\n

\"\"<\/a><\/p>\n

As many of you know, altcoin prices are still following the main coin (BTC), but there will come a moment when they unlink each other and the main altcoins will begin their own way .. maybe we are already close<\/strong> … Will the price go higher or will first fall by 20% – 30% .. I’m sure – we’ll see in the coming days<\/strong> ..<\/p>\n

Below the news from BitStil<\/a>:<\/p>\n

\n
\n
\n

Ethereum price aims $2,000<\/h4>\n
Ethereum managed to remain stable above $1,750 against the US Dollar. ETH price is now eyeing an upside break above the $1,850 and $1,880 resistance levels.<\/strong><\/div>\n<\/div>\n<\/div>\n
\n
\u00a0<\/div>\n
– Ethereum started a fresh increase after trading towards the $1,650 support zone.<\/div>\n
– The price is now trading well above $1,750 and the 100 hourly simple moving average.<\/div>\n
– There is a major bearish trend line forming with resistance near $1,825 on the hourly chart of ETH\/USD (data feed via Kraken).<\/div>\n
– The pair could start a strong increase if there is a clear break above $1,825 and $1,850.<\/div>\n
\u00a0<\/div>\n
Ethereum declined heavily below the $1,800 and $1,750 support levels. ETH price even dipped below the $1,700 level and the 100 hourly simple moving average.<\/div>\n
\u00a0<\/div>\n
However, the bulls took a strong stand near the $1,650 zone. A low was formed near $1,665 and the price started a fresh increase. There was a break above the $1,750 resistance level and the 100 hourly simple moving average.<\/div>\n
\u00a0<\/div>\n
Ether was able to climb above $1,800, but there was no break above $1,850. A high was formed near $1,835 and recently there was a minor dip. The price corrected below the $1,800 level. There was also a break below the 23.6% Fib retracement level of the recent wave from the $1,665 swing low to $1,835 high.<\/div>\n
\u00a0<\/div>\n
The bulls are still active above the $1,750 support level. The 50% Fib retracement level of the recent wave from the $1,665 swing low to $1,835 high is also near $1,750.<\/div>\n
\u00a0<\/div>\n
On the upside, the price is facing a couple of hurdles near $1,825 and $1,850. There is also a major bearish trend line forming with resistance near $1,825 on the hourly chart of ETH\/USD. If ether price clears the trend line resistance and $1,850, the bulls are likely to aim a rally towards the $2,000 level.<\/div>\n
\u00a0<\/div>\n
If Ethereum fails to clear the trend line resistance or $1,850, it could start a fresh decline. On the downside, the first major support is near the $1,750 level.<\/div>\n
\u00a0<\/div>\n
The main support is near the $1,700 level. If there is a close below the $1,700 level, the bulls might lose control. In the stated case, there are chances of a drop towards the $1,650 support.<\/div>\n
\u00a0<\/div>\n
Technical Indicators:<\/div>\n
\u00a0<\/div>\n
– Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bullish zone.<\/div>\n
\u00a0<\/div>\n
– Hourly RSI \u2013 The RSI for ETH\/USD is now above the 50 level.<\/div>\n
\u00a0<\/div>\n
– Major Support Level \u2013 $1,750.<\/div>\n
\u00a0<\/div>\n
– Major Resistance Level \u2013 $1,850.<\/div>\n
\u00a0<\/div>\n
Join BitStil<\/a> and bring your life quality to a whole new level!<\/strong><\/div>\n
\u00a0<\/div>\n
<\/a><\/div>\n<\/div>\n<\/blockquote>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Again, BitStil platform (reviewed here)\u00a0comes out with news from the global crypto industry. This time they bring the following possible movements on Ethereum – the second largest coin by capitalization after Bitcoin, according to the … News Commentary #1,290 \u2013 BitStil | Ethereum – $2,000 Soon..?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4190,4402,4195,4196,4197,4192,4205,4191,4193,4206,4202],"class_list":["post-14353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitstil-hyip","tag-bitstil-hyip-status","tag-bitstil-info","tag-bitstil-investment-plan","tag-bitstil-investment-program","tag-bitstil-news","tag-bitstil-review","tag-bitstil-scam-or-paying","tag-bitstil-update","tag-bitstil-updates","tag-https-bitstil-com-refemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #1,290 \u2013 BitStil | Ethereum - $2,000 Soon..? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=14353\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,290 \u2013 BitStil | Ethereum - $2,000 Soon..? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Again, BitStil platform (reviewed here)\u00a0comes out with news from the global crypto industry. 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