Ethereum price rises as $2,000 resistance breakout nears

Ethereum price rose nearly 2% on Aug. 17 as ETH reclaimed $1,900, while improving daily momentum and nearby short-liquidation clusters put the $2,000 level back in focus. Summary Ethereum price rose 1.95% to $1,912 after buyers defended the $1,870 area. ETH closed above its 20-day, 50-day, and 100-day moving averages. Tom Lee responded positively to the analysis placing ETH 3.5% below its daily cloud. Michaël van de Poppe sees $2,800 as possible if ETH clears $2,000. Ethereum price moves back above $1,900 According to data from crypto.news, Ethereum (ETH) price traded at $1,912 at press time, up 1.95% on the day after moving between an intraday low of $1,872 and a high of $1,915. Buyers entered near the session low and carried ETH through the psychological $1,900 level. The recovery extended a consolidation phase that has developed since ETH rebounded from its late-June low near $1,530. Price has since formed a series of higher lows, although repeated selling around $1,930–$1,960 has prevented a wider breakout. ETH’s daily candle closed above several closely watched averages. The 20-day simple moving average stood at $1,889, while the 100-day and 50-day averages were positioned at ...