Ethereum Tests and Fails at $2,000 Psychological Level

Ethereum's price has reached the $2,000 psychological level but failed to maintain its recent high. The largest altcoin has retraced above its moving average lines, which is currently at around $1,800.

If buyers break the $2,000 barrier, Ether will rise to $2,400. However, if sellers push the price below the $1,800 support, Ether will revert to its bottom price above $1,500.

The 21-day SMA is above the 50-day SMA, indicating that the Ether price is rising. The upward price movement will continue as long as the cryptocurrency remains above the moving average lines.