Ethereum price started an upward move and climbed above the $175 resistance against the US Dollar.
ETH price is currently consolidating above the $180 level and it could continue to rise.
There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart (data feed from Coinbase).
The price could climb higher significantly and it may perhaps break the $185 and $190 resistances.
Bitcoin Price Analysis: BTC Testing Last Line Of Defense
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Bitcoin price started a major downside correction after it traded as high as $10,954 against the US Dollar. The price is currently trading near a major support area at $10,000, which holds the key. There is a major bullish trend line forming with support near $10,000 on the 4-hours chart of the BTC/USD pair (data […]
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Ethereum price is gaining bullish momentum above $175 against the US Dollar. ETH price might rise higher sharply once it clears the $185 resistance area.
Ethereum Price Analysis
Recently, Ethereum price formed a support base near the $165 level against the US Dollar. The ETH/USD pair started an upward move and broke the $170 and $175 resistance levels. Moreover, there was a close above the $175 level and the 55 simple moving average (4-hours). Finally, the price broke the $180 level and tested the $185 resistance area.
More importantly, there was a break above a major bearish trend line with resistance near $175 on the 4-hours chart. A swing high was formed near $186 and the price is currently consolidating gains. It traded below the 23.6% Fib retracement level of the last upward move from the $165 low to $186 high. However, there is a decent support forming near the $175 level.
Additionally, the 50% Fib retracement level of the last upward move from the $165 low to $186 high is also a decent support near the $175 level. The 55 simple moving average (4-hours) is also placed near the $175 level. If there is a downside break below the $175 support, the price could continue to grind lower towards the main $165 support area.
Conversely, the price could start another upward move if it clears the $185 and $186 resistance levels. A clear break above the last swing high could push the price above $190 and $192. The next key hurdle for the bulls is near the $200 level.
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Tuesday July 25, 2017
Chương trình Vòng quay may mắn của W88 Bạn phải là thành viên của W88 mới được tham gia chương trình đặc biệt này nhé. Vậy thì đăng ký w88 ngay và luôn đi. Cách tham gia quá đơn giản, chỉ cần vào trang vòng quay và bấm quay. Nếu trúng W88 sẽ trả thưởng
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Looking at the chart, Ethereum price is clearly consolidating gains near the $180 level. If the bulls gain pace and clear the $185 barrier, the price could accelerate higher. If the bulls continue to struggle near the $185 resistance, there could be a bearish reaction. On the downside, the $175 support holds the key, below which the price could resume its decline and revisit the $165 support area.
4 hours MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is currently correcting towards the 50 level.
Key Support Levels – $175, followed by the $165 zone.
Key Resistance Levels – $185 and $195.
The post Ethereum Price Analysis: ETH Could Rally Above $185-$190 appeared first on Live Bitcoin News.
Kevin Knox, Allonzo Trier, Knicks Duo Is ‘Going To Be Good’ Says Team Captain
Saturday December 15, 2018
Allonzo Trier and Kevin Knox are both living their best lives as Knicks rookies. Kevin Knox finding his groove. Finishes the half with 17 points on 7-10 FG and 3-4 from 3 point range. pic.twitter.com/KZmRJbG48z — Scott Charlton (@Scott_Charlton) December 15, 2018 Trier, an undrafted rookie out of the University of Arizona, this summer, signed a two […]
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