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Ethereum price rises nearly 2%, eyes $2,000 resistance amid improving momentum.

Technical Signals
17 Aug 2026
Crypto news
View Source
Bullish
Ethereum price rises nearly 2%, eyes $2,000 resistance amid improving momentum.

Ethereum price increased by 1.95% to $1,912 on August 17, reclaiming the $1,900 level and showing stronger buying momentum. The price closed above key moving averages, signaling short-term strength, but remains below the critical 200-day average near $2,009, making the $2,000 level a key resistance point. Analysts see potential for a breakout above $2,000, which could lead to higher targets around $2,200 and $2,800, though a drop below $1,870 could trigger rapid declines. Market watchers highlight clusters of leveraged positions that may influence price moves near $1,925 and $1,950, with the next major test being the convergence of the Ichimoku Cloud, psychological $2,000 level, and 200-day average.

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