Ethereum price started a strong upward move and broke the $185 resistance against the US Dollar.
ETH price is trading near the $200 level and it might continue to rise in the near term.
There was a break above a crucial bearish trend line with resistance near $175 on the 4-hours chart (data feed from Coinbase).
The price is showing positive signs and it could even break the $200 and $202 resistance levels.
59% Ethereum Nodes Unprepared Three Days before Scheduled Release of Istanbul Hard Fork
Thursday December 05, 2019
Coinspeaker 59% Ethereum Nodes Unprepared Three Days before Scheduled Release of Istanbul Hard ForkAs per its earlier schedule, the Ethereum network shall be releasing its Istanbul hard fork three days from now on December 8. However, the interesting thing is that a majority of the nodes on Ethereum are unprepared for this.Frankly, this news is […]
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Ethereum price is trading with a positive bias above $190 against the US Dollar. ETH price might correct lower, but dips are likely to remain supported near $190 and $185.
Ethereum Price Analysis
This past week, we saw positive signs for Ethereum price above the $175 support against the US Dollar. The ETH/USD pair followed a bullish path above the $180 level and the 55 simple moving average (4-hours). As a result, there was an upside break above the $182 and $185 resistance levels. On the other hand, bitcoin price struggled to gain traction above the $10,400 and $10,500 resistance levels.
During the recent rise, there was a break above a crucial bearish trend line with resistance near $175 on the 4-hours chart. The pair traded close to $200 and it is currently consolidating gains. An immediate support is near the $194 level, plus the 23.6% Fib retracement level of the recent upward wave from the $174 low to $200 high. If there is a major downside correction, the $186 and $185 levels might provide support.
Moreover, the 50% Fib retracement level of the recent upward wave from the $174 low to $200 high is near the $186 level to provide support. Therefore, dips towards the $186 and $185 levels are likely to find a strong buying interest. Below $185, the price might start a fresh bearish wave and it could revisit the $175 support area.
On the upside, there are two important resistances near $200 and $202. If there is an upside break above $200 and $202, the price could rally significantly above the $205 level. The next major resistance is near the $225 level.
Looking at the chart, Ethereum price is trading in an uptrend above $190 and $185. The current price action indicates more upsides above the $200 and $202 resistances. If there is a downside correction, buyers are likely to protect the $190 and $185 support levels.
4 hours MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is currently well above the 50 level, with a positive bias.
Key Support Levels – $190, followed by the $185 zone.
Key Resistance Levels – $202 and $225.
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Gordon Hayward Injury Update: Will Hayward Play Tonight Against the Hawks?
Friday December 14, 2018
Celtics forward Gordon Hayward has missed the team’s last two games, against the Wizards and Pelicans, with an illness. The Celtics have been just fine without him–they’ll be looking for their eighth win in a row tonight against the Hawks and are finally on the up-and-up after a rough early season–but they’ll have him back […]
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