Ethereum : Why ETH Remains Strong Above $1850 ?
1. It traded to a new all-time high near $2,040 and settled well above the 100 EMA (4-hours).
2. There was a short-term downside correction below the $2,000 and $1,950 support levels. ETH price even spiked below the $1,850 support level.
3. There was a break above the 50% Fib retracement level of the recent correction from the $2,040 high to $1,813 low.
4. A clear break above the $1,950 and $1,980 levels will most likely open the doors for more gains. Besides, a daily close above $2,000 will most likely pump the price towards $2,150 and $2,200.
2. There was a short-term downside correction below the $2,000 and $1,950 support levels. ETH price even spiked below the $1,850 support level.
3. There was a break above the 50% Fib retracement level of the recent correction from the $2,040 high to $1,813 low.
4. A clear break above the $1,950 and $1,980 levels will most likely open the doors for more gains. Besides, a daily close above $2,000 will most likely pump the price towards $2,150 and $2,200.
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