{"id":122467,"date":"2023-07-14T14:04:06","date_gmt":"2023-07-14T14:04:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-market-recovery-push-eth-price-beyond-2140-crypto-news\/"},"modified":"2023-07-14T14:04:08","modified_gmt":"2023-07-14T14:04:08","slug":"will-market-recovery-push-eth-price-beyond-2140-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-market-recovery-push-eth-price-beyond-2140-crypto-news\/","title":{"rendered":"Will Market Recovery Push $ETH Price Beyond $2140? \n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154285\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14191553\/fnqfZJ29-e1689342374825.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Ethereum Price Analysis\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14191553\/fnqfZJ29-e1689342374825.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14191553\/fnqfZJ29-e1689342374825-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14191553\/fnqfZJ29-e1689342374825-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14191553\/fnqfZJ29-e1689342374825-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Analysis: The crypto market gets back on the recovery track as the 4th largest cryptocurrency- XRP witnessed massive growth after its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/breaking-us-judge-rules-xrp-is-not-a-security\/\">partial win in its legal battle<\/a> against US SEC.  As a result, the Ethereum price also received some info and registered 7% growth on July 13th.  The recent price jump breached the weekly barrier of $1966, indicating the potential for further growth.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-price-pushes-past-31k-as-us-judge-rules-xrp-not-a-security-rally-to-38k-impending\/\">Bitcoin Price Pushes Past $31k as US Judge Rules XRP Not a Security \u2013 Rally to $38k Impending?<\/a><\/p>\n<h2><b>Ethereum Price Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The ETH price sustainability above $1966 will set the buyers to surpass $2000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ethereum Fear and Greed Index at 64% indicates positive sentiment for a bullish rally <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $134 Billion, indicating a 134% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/f\/fnqfZJ29.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/f\/fnqfZJ29.png\" alt=\"Ethereum Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- <\/span><span style=\"font-weight: 400;\">tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/#:~:text=About%20Ethereum%20(ETH),the%20Coingape%20Crypto%20Price%20Page.\">ether price<\/a> was underperforming since the beginning of July, as its market value plunged from $1966 to $1827 in the first two weeks.  However, with a sudden boost in market sentiment, the buyers broke the chain of uncertainty and breached the $1966 barrier, and hit the $2000 mark.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">With an intraday loss of 0.87%, the coin price reverted from the $2000 psychological barrier and is poised to retest the $1966 level as potential support.  If the coin price manages to sustain the flipped support it would indicate the recent price surge is not just a ripple effect of XRP rise.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The $1966 support should bolster buyers to break the $2000 barrier and rechallenge the $2140 barrier.  A possible breakout above the last swing high resistance will hint the continuation of bullish recovery.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>What if Ethereum Breaks the $2140 Resistance?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The ongoing recovery in the Ethereum price indicates the buyers are following the bull cycle within a rising channel pattern.  Under the influence of this pattern, the asset price rose by resonating between two ascending trendlines.  Therefore, the altcoin is set to revisit the upper trendline and could reach near $2386.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fibonacci Extension Tool: <\/b><span style=\"font-weight: 400;\">Concerning the recent correction, the $2386 level aligned with the 1.618 FIB extension tool indicates a suitable target.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">rsi slope<\/a> above the 60% project the ETH price regains bullish momentum.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154285\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154285\">\n<p>    The content presented may include the personal opinion of the author and is subject to market condition.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 10 minutes ago Ethereum Price Analysis: The crypto market gets back on the recovery track as the 4th largest cryptocurrency- XRP witnessed massive growth after its partial win in its legal battle against US SEC. As a result, the Ethereum price also received some info and registered 7% growth on July 13th. The recent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":122468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-122467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=122467"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122467\/revisions"}],"predecessor-version":[{"id":122469,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122467\/revisions\/122469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/122468"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=122467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=122467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=122467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}