Ethereum Bulls Eye $2,000 as Price Reclaims $1,900
Ethereum's price has reclaimed $1,900 after a brief dip below that level. Despite struggling to extend gains beyond $1,965, the crypto remains in a broader recovery, supported by bullish momentum indicators.
The daily Aroon indicator favors buyers, while the Awesome Oscillator shows short-term momentum remaining stronger than longer-term momentum. However, the oscillator's green bars have started to contract, suggesting that bullish momentum is losing some strength as Ethereum approaches resistance.
Ethereum's 4-hour chart provides a more constructive signal, with the crypto remaining above the Supertrend support at $1,842.44 and showing a bullish trend. Chaikin Money Flow has also returned above the zero line, pointing to modest net buying pressure.