Ethereum recently fell from an all-time high. However, it managed to find support at $ 2,000 and is now rising again.

 

 

Ethereum started April in an extremely bullish tone, moving above $ 2000 to see a new ATH at $ 2141. At one point it encountered resistance at the 1.272 Fib Extension level and could not move above it. As a result, it rolled over yesterday and went into decline.

Today, ETH has managed to find support at $ 2000 provided by the .236 Fib Retracement level. He has since recovered from this support and is starting to rise again.

Ethereum price chart

Looking ahead, the initial resistance level is $ 2060. This is followed by 2141 (ATH Price and 1.272 Fib Extension), 2207 (1.414 Fib Extension) and $ 2300 (1.618 Fib Extension). Additional resistances are at $ 2400 and $ 2500.

On the other hand, the initial support is $ 2000 (.236 Fib). This is followed by $ 1914 (0.382 Fib), $ 1840 (0.4 Fib) and $ 1770 (0.618 Fib).

The daily RSI fell slightly from overbought conditions, but still remains strong in favor of the bullish. This allowed buyers to recover before rallying towards ATH prices again.

Key Support Levels: $ 2000, 1914, $ 1840

Key Resistance Levels: $ 2060,2141,2207

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