Ethereum [ETH] Continues To Harbor Bulls; $2K Next Stop For ETH?

The entire crypto market was seen hoarding the slogan “Go Green!” Bitcoin [BTC], Ethereum [ETH], and several other coins were busy hitting new highs. XRP managed to crawl itself out of the dungeon that the SEC had dug for it as the altcoin was seen rising by 4% over the day. Bitcoin has caught the attention of the entire world as the king coin was seemingly on its way over to $40K. At press time, BTC was priced at $31,743.55. Almost every prominent coin was seen surging except for privacy coins like Monero [XMR], Dash [DASH], and Zcash [ZEC] following the recent delisting motion exerted by certain exchanges.

Etheruem [ETH] hit $1K and created an uproar in the crypto community. During the time of writing, the altcoin was trading for $1,039.94 with a 9.33% rise over the last 24-hours. The coin’s market cap was at $118.71 billion which helped ETH retain its position as the second-largest coin. ETH managed to garner gains of over 45% in the last seven days.

Ethereum [ETH] One Hour Price Chart

The one hour price chart of ETH revealed that it was prolonging its stay in the bullish territory. The volume of the altcoin was seen slumping after a busy day. The daily moving average indicator was also affirming the presence of bulls in the ETH market. The 50 daily moving average [Blue] was above the 100 daily moving average [Yellow] forming a bullish crossover.

Ethereum [ETH] Price Chart With Key Indicators

It was all bulls in the ETH market. This bull trend seems to be taking ETH to $2K very soon. The Parabolic SAR indicator was seen blocking the possibility of a downward breakout by rolling out dotted lines below the candlesticks. The Stochastic RSI indicator revealed that ETH was recovering from the oversold zone. The Awesome Oscillator gave out puzzling indications while ETH was retracing, however, at the time of writing, the indicator formed dainty green closing bars confirming the presence of bulls.