{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/ethereum-ethusd-threatens-for-the-next-jump\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/ethereum-ethusd-threatens-for-the-next-jump\/","headline":"Ethereum (ETHUSD) Threatens for the Next Jump","name":"Ethereum (ETHUSD) Threatens for the Next Jump","description":"Ethereum (ETHUSD) Price Forecast: May 16Ethereum price is on its way to the upside. The coin having decided to face the positive side might possibly reach a high of $2500.00 level and beyond if the buy traders should increase their forces in the market. Key Levels:Resistance Levels: $1800.00 $1900.00, $2000.00Support Levels: $1400.00, $1300.00, $1200.00ETH (USD) […]","datePublished":"2023-05-16","dateModified":"2023-05-16","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/05\/ETH-TUE-LNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/05\/ETH-TUE-LNT-2.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/ethereum-ethusd-threatens-for-the-next-jump\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":325,"keywords":["Ethereum","ETHUSD","Technical Analysis"],"articleBody":"Ethereum (ETHUSD) Price Forecast: May 16Ethereum price is on its way to the upside. The coin having decided to face the positive side might possibly reach a high of $2500.00 level and beyond if the buy traders should increase their forces in the market. Key Levels:Resistance Levels: $1800.00 $1900.00, $2000.00Support Levels: $1400.00, $1300.00, $1200.00ETH (USD) Long-term Trend: Bearish (Daily Chart)Ethereum price is in a bearish market at the moment. Further, the coin is trading below the moving averages.The price drop to the $1786.44 low value during yesterday\u2019s session has made the coin price trade below the supply trend levels in its recent high.Commitment from the bulls now retraced the price of ETHUSD from the mentioned support to the $1814.00 high mark below the two EMAs as the daily chart opens today. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key supply levels.There are more bullish runs to come as the market now points up at the oversold region of the daily signal, this suggests that the price of ETHUSD will still definitely rise further above the current supply level and this might hit the $2500.00 high value in the days ahead in the long-term outlook.ETH (USD) Medium-term Trend: Bullish (4H Chart)ETHUSD is showing a more bullish impact in its medium-term time frame. The bulls are having the market at their disposal at the moment.The bulls\u2019 pressure on the crypto in the past few hours has sustained its bullishness in its recent high.Today, the bulls caused a rise to the $1814.00 high level above the EMA-9 to resume its uptrend. From the look of things, it seems it will keep growing. Trading above the moving averages will enable the market value of Ethereum to keep pushing up. Thus, if the bulls should add more aggression to their activities in the market, the $2500.00 resistance level might be reached soon in its medium-term perspective.Buy Ethereum on eToro "}