Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’ By Cointelegraph

0

Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’

On May 30, the cryptocurrency market experienced a much-needed bounce that saw (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be too early to expect a reversal.

ETH/USDT 1-day chart. Source: TradingView

Here’s a look at what several analysts are saying about the outlook for Ether moving forward and the major support and resistance levels to keep an eye on.

1-month chart. Source: Twitter (NYSE:)
ETH/USD 3-day chart. Source: Twitter
ETH/USDT 1-day chart. Source: Twitter