30-10-2023 05:32 via newsbtc.com

Ethereum Price Faces Big Move – Can Bulls Send ETH To $2,000?

Ethereum price is consolidating gains below the $1,850 resistance against the US dollar. ETH must stay above the $1,750 support to start a fresh increase.Ethereum is still struggling to gain pace for a move above $1,850.
The price is trading above $1,770 and the 100-hourly Simple Moving Average.
There is a key contracting triangle forming with support near $1,780 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its decline if it fails to stay above the $1,740 support.
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