Ethereum found support at $1700 and rose higher with $2000 as its target. Aave threatened to drop toward $480 in the coming days, and Monero shot past the $200 mark with $220 the next level of resistance for the bulls to test.

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ANALYSISEthereum, Aave, Monero Price Analysis: 12 FebruaryAkashnath SumukarPublished 1 day ago on February 12, 2021By Akashnath Sumukar 

Ethereum found support at $1700 and rose higher with $2000 as its target. Aave threatened to drop toward $480 in the coming days, and Monero shot past the $200 mark with $220 the next level of resistance for the bulls to test.

Ethereum [ETH]

Ethereum, Aave, Monero Price Analysis: 12 February

Source: ETH/USD on TradingView

Ether broke out of an ascending triangle pattern a week ago. Its technical target for the breakout is $1950, but it has faced some stiff resistance at the $1800 mark. However, the indicators painted a bullish picture for ETH.

The RSI was above neutral 50 on the 4-hour chart, indicating that the uptrend was still in progress. In the short-term, the second successive rejection at $1800 meant ETH could drop back toward $1700 once more.

However, on longer timeframes, ETH continues to remain bullish.