Ethereum (ETH) Reached Major Resistance of $2000 – Bulls are Waiting for Breakout

Ethereum remains bullish and is heading towards the major resistance of the $1900-$2000 area. Everyone is waiting for a clear direction before jumping on the train.ETH price will head towards the $2380 resistance level as soon as it is able to hold above the support of $1800.Ethereum has gained more than 25% in price in just a period of 30 days after hitting the bottom of the sub-$1500 zone. The recovery started after the June heavy correction, and the market turned bullish after that. Price made a Higher High (HH) and Higher Low (HL) bullish structure, and buyers were able to defend the Higher Low to maintain the uptrend. ETH price broke the $1800 level, and now the next psychological resistance is $2000.Ethereum Bullish Structure on ChartsEthereum has maintained a bullish structure on the chart after hitting the bottom. There is a Higher High (HH) and Higher Low (HL) pattern on the daily timeframe, which shows buyers are in control and positive sentiment in market. Price respected the line on every pullback which shows buyers are agressive and want to hold the uptrend.The Relative Strength Index (RSI) remains above the neutral zone (i.e 35), suggesting upward movement is intact w...