TA- Price Of Ethereum Faces Rejection At $2,000: Are bulls Still In Control?

The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few days has struggled to reclaim the $2,000 mark that has become a resistance despite showing strong bullish signs and outperforming Bitcoin (BTC) in this relief rally. The price of ETH ranging has led to many feeling weary if bulls are still in control. Related Reading: Shiba Inu Trends Upwards Through Strong Whale Accumulations Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,012, which bounced from that area and rallied to a price of $2,000 making six straight weeks of bullish sentiments. The price has struggled to build more momentum as it faces resistance at $2,000. If the price of ETH on the weekly chart continues with this structure, it could quickly revisit $2,000 acting as a good resistance for the price of ETH. Weekly resistance for the price of ETH – $2,000. Weekly support for the price of ETH – $1,534. Price Analysis Of Ethereum On The Daily (1D) Chart The price of ETH found strong support at $1,743, with what seems to be an area of interest on the daily chart. ETH bounced from its support and has rallied as it faces resistance at $2,000. The price of ETH has continued to range after being rejected from the $2,000 mark, breaking out of this resistance could send the price of ETH higher to a region ...