fxstreet.com 03 Feb, 2021 14:30 am

Ethereum at the helm of crypto bull run, as $2000 beckons

Ethereum roared to new all-time highs after stepping above $1,500. The breakout past this crucial level was a significant test for ETH and is likely t

The bullish leg extended past $36,000 after stepping above the 200 Simple Moving Average on the 4-hour chart.BTC/USD 4-hour chart ETH is exchanging hands at $1,540, moments after trading new record highs at $1,575.ETH/USD 4-hour chart The TD Sequential Indicator has flashed a sell signal on the 4-hour chart, which could invalidate the immediate upsurge towards $2,000.On the downside, support seems to have been stressed by the 50 SMA on the 4-hour chart.

XRP/USD 4-hour chart On the flip side, XRP is not out of the woods yet and may tumble further, mostly if the buyer congestion at the 50 SMA ($0.Consolidation above the 200 SMA is critical to the uptrend's continuation and would give buyers ample time to focus on higher levels at $38,000 and $40,000, respectively.

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