Ethereum Price is climbing higher

Ethereum Price is climbing higher

Ethereum price is finding a strong buying interest near the $165 level against the US Dollar.
The ETH price is currently climbing higher and testing a major resistance area near $180 and $182.
There is a line downside break above a major bearish trend with resistance near $176 on the 4-hours chart of ETH/USD (data feed via Kraken).
There are a few ETH bullish signals emerging, suggesting an upside break above the $182 resistance.
Ethereum ETH price is showing positive signs against the US Dollar, while bitcoin is rising. Ethereum might surge once it clears the main $180 and $182 resistance levels. "Ethereum Price is climbing higher"
Ethereum Price is climbing higher

Ethereum Price Weekly Analysis

This past week, there was a major rejection noted near the $180 resistance in ETH against the US Dollar. However, BTC price remained well bid and gained traction above the $10,500 resistance. However, Ethereum Price declined below the $170 level and 100 simple moving average (4-hours). Moreover, ETH price retested the main $165 support area, where the bulls took a stand.

A swing price fall low was formed near $165 and the price recently climbed higher. Ethereum broke the $175 resistance plus the 50% Fib retracement level of the last decline from the $183 high to $165 swing low. Moreover current, there was a price break above a major bearish trend line with resistance near $176 on the 4-hours chart of ETH/USD. The ETH/USD pair is now trading with a positive bias above the $175 level.



Ethereum Price is currently trading near the 76.4% Fib retracement support level of the last decline from the $183 high to $165 swing low. Additionally, Ethereum Price is testing the $180 resistance and the 100 simple moving average (4-hours). If there is an upside price break above the $180 and $182 resistance levels, there could be more gains. in the future, next resistance support level is near the price of $188 level plus the 1.236 Fib extension level of the last decline from the $183 high to $165 swing low.

On the other hand in a bearish pattern, there could be another downside break reaction if there is no upside break above the $182 resistance. Immediate support level is near the $175 level, below which the price could test $170.

The above Ethereum price chart indicates is clearly showing a few positive signs above the $175 level. If he Ethereum bulls gain traction above $180 and $182, there could be a bullish reversal towards $190 and $195. On the downside break, the main support level is near the $165 level, below which the price could turn bearish in the near term.

Dogecoin price short term Bullish trend

NEO is All Set for a Price Recovery

Factom has announced the launch of PegNet

Post a Comment

0 Comments