chart<\/a>, ETH price is back in a positive zone above the $134 level. However, it needs to surpass the $140 barrier to continue higher. On the downside, an initial support is at $137 level followed by the $133 level.<\/p>\nHourly MACD \u2013 <\/strong>The MACD is gaining pace in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI is now placed well above the 60 level.<\/p>\nMajor Support Level \u2013 $133<\/p>\n
Major Resistance Level \u2013 $140<\/p>\n","protected":false},"excerpt":{"rendered":"
Key Highlights ETH price formed a support base near the $128 level and bounced back against the US Dollar. There was a break above a major bearish trend line with resistance at $134 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is placed in a positive zone and it may continue to move higher towards $150 or $155. Ethereum price is back gaining pace against the US Dollar and bitcoin. ETH\/USD could accelerate and test the next resistance near the $150 level. Ethereum Price Analysis Recently, there was a dip towards the $128 level in ETH price against the US Dollar. The ETH\/USD pair found a strong buying interest near $128, resulting in a decent upside move. The price bounced back and traded above the $130 level and the 100 hourly simple moving average. Moreover, there was a break above the 50% Fib retracement level of the last decline from the $146 high to $128 low. More importantly, there was a break above a major bearish trend line with resistance at $134 on the hourly chart of ETH\/USD. The pair spiked above the $138 level and tested the $140 resistance level. However, the price seems to be struggling to clear the $140-141 zone. It represents the 61.8% Fib retracement level of the last decline from the $146 high to $128 low. If there is a proper close above the $140 level, the price is likely to climb further higher towards the $144 and $148 resistance levels. The main hurdle for buyers is near the $150 level. Looking at the chart, ETH price is back in a positive zone above the $134 level. However, it needs to surpass the $140 barrier to continue higher. On the downside, an initial support is at $137 level followed by the $133 level. Hourly MACD \u2013 The MACD is gaining pace in the bullish zone. Hourly RSI – The RSI is now placed well above the 60 level. Major Support Level \u2013 $133 Major Resistance Level \u2013 $140<\/p>\n","protected":false},"author":67,"featured_media":328919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-366991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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