Ethereum is now going up in an interesting way. After crossing the $1,400 mark, the digital asset is now aiming for the $2,000 mark.
The price of Ethereum today is $1,422.71.
ETH has had several great days recently. The first time the digital asset was traded, it went over $1,400. This took two months. The asset has gone up by 4.35 percent in the last 24 hours, which is more than the market as a whole, which has gone up by 2.58% in the same time frame. As of this writing, the price of ETH is still $1,401.
In terms of technology, ETH is doing pretty well. With the help of its recent price increase, it gained enough momentum to cross all of its moving average (MA) lines, from the 10-day MA at $1,399 to the 200-day MA at $1,357. Even though ETH is getting closer to the short-term MA measures, the asset’s value should stay above them for the time being as long as the uptrend continues.
With a positive moving average convergence divergence, ETH is giving off a buy signal (MACD). The relative strength index (RSI) for ETH, which is 41.13, also shows that the asset is not overbought.