Ethereum Surges To New ATH Above $1,900, Why ETH Could Test $2K

[Btceth01]

Ethereum broke the $1,850 resistance to continue higher against the US Dollar. ETH price traded to a new all-time high at $1,917 and it remains supported for more upsides.

Ethereum started a fresh increase above the $1,850 barrier and traded as high as $1,917.
The price is now trading well above $1,850 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $1,800 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct lower, but the bulls are likely to remain active near $1,880 and $1,850.
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