Ethereum price looks like it will finally break above $2,000


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The resistance was located around $1930 on one of the last ramps before the next resistance at $2000. The breakout of this resistance line was accompanied by significant trading volumes, suggesting that the possibility that the price of Ethereum will finally break through its very psychological barrier around $2000. Is Ethereum likely to break above $2,000?

Can Ethereum break the $2000 mark?

Ethereum is currently trading at a price of $1961.03 on the crypto markets, up 1.20% in the last 24 hours. So this sharp increase enabled him to push his line major resistance located around 1930 dollars. Thus Ethereum is approaching its next psychological barrier located at the dollar 2000. A possible break of this major resistance could provide insight into the prospect of a new bullish rally for Ethereum.

Ethereum Performance in Seven Days - Source: TradingView
Ethereum performance over the past seven days – Source: TradingView

THE short-term technical outlook is now bullish, mainly due to the strong upward movement observed since 15 June. At that time, the price of Ethereum strongly declined from its horizontal support zone located at $1650, which allowed the buyers to regain control of the market.

Traders consider this resistance zone to be the most important and therefore it is watched very carefully. Recall that the price of ETH reached an annual peak on April 16, 2023 at $2,138 and that there is little horizontal resistance above this distance. In case this zone is validated as new support, we are likely to see a new bullish acceleration in the coming days.

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yPredict: Over $2.7 Million Raised, FOMO Boosts

yPredict logo

The crypto presale yPredict is currently breaking all the records and in a few weeks the project has already managed to collect more than 2.7 million dollars in the crypto markets. As FOMO increases and the project has just entered the sixth stage of the pre-sale, investors can still get $YPRED tokens at the preferential price of $0.09. This price represents a theoretical potential gain of more than 33% compared to the launch price on the DEX platforms defined at $0.12.

What is the yPredict project? Should I participate in the presale?

The current presale is for funding the development of an analytical platform for crypto investors and traders. The very innovative character of the concept and the very useful functionalities of the platform partly explain the success of the pre-sale.

Oh major features of the platformwe should get a real-time analysis system of the social attitudes of the main cryptocurrencies, a trading configuration recognition system or the distribution of trading signals from an artificial intelligence system.

Overview of the yPredict platform
Overview of the yPredict platform

Many of the crypto influencers are particularly enthusiastic in relation to this project. This is especially true for the famous British youtuber Jacob Crypto Bury who is expecting an explosion in the value of the $YPRED token. If you don’t know this youtuber yet, you should know that he is a Youtube channel that specializes in crypto analysis. It currently has more than 18,800 subscribers.

Crypto-assets are a risky investment.

Source : yPredict, TradingView (charts)

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This article does not represent investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Investing in cryptocurrency involves risk and can result in significant losses. You should only invest what you can afford to lose and do your own research before making any investment decision.

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