chart<\/a>, ETH price is trading nicely above the $144 support. The price action is positive and it seems like there could be more gains above the $155 level. On the downside, the main supports are $148 and $144.<\/p>\nHourly MACD \u2013 <\/strong>The MACD is slightly placed in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI is now placed well above the 50 level.<\/p>\nMajor Support Level \u2013 $144<\/p>\n
Major Resistance Level \u2013 $155<\/p>\n","protected":false},"excerpt":{"rendered":"
Key Highlights ETH price climbed higher sharply and broke the $150 resistance area against the US Dollar. There is a short term bullish flag pattern formed with support at $150 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is gaining momentum and it may extend gains above the $155 level in the near term. Ethereum price is trading nicely against the US Dollar and bitcoin. ETH\/USD is placed nicely above the $144 support and it may continue to move higher. Ethereum Price Analysis Yesterday, we discussed that ETH price could revisit the $150 and $155 levels against the US Dollar. The ETH\/USD pair did move higher, broke the $144 resistance and climbed towards the $150 and $155 resistance levels. A new weekly high was formed at $156 and later the price started a downside correction. It declined below the $155 and $152 levels, but it is currently well above the 100 hourly simple moving average. There was a break below the 23.6% Fib retracement level of the last wave from the $139 low to $156 high. However, there are many supports near the $150 and $144 levels. Moreover, there is a short term bullish flag pattern formed with support at $150 on the hourly chart of ETH\/USD. Below the channel support, the next buy zone is near the $148 level. It represents the 50% Fib retracement level of the last wave from the $139 low to $156 high. Therefore, if there is a downside correction, the price may find support near $150 or $148. Looking at the chart, ETH price is trading nicely above the $144 support. The price action is positive and it seems like there could be more gains above the $155 level. On the downside, the main supports are $148 and $144. Hourly MACD \u2013 The MACD is slightly placed in the bearish zone. Hourly RSI – The RSI is now placed well above the 50 level. Major Support Level \u2013 $144 Major Resistance Level \u2013 $155<\/p>\n","protected":false},"author":67,"featured_media":344602,"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-367103","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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Analysis: ETH\u2019s Bullish Extension Above $150","url":"http:\/\/wncen.com\/news\/ethereum-price-analysis-eths-bullish-extension-above-150\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum-price-analysis-eths-bullish-extension-above-150\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum"],"dateCreated":"2019-01-03T04:08:27Z","datePublished":"2019-01-03T04:08:27Z","dateModified":"2024-06-11T13:32:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Analysis: ETH\\u2019s Bullish Extension Above $150\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-price-analysis-eths-bullish-extension-above-150\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-price-analysis-eths-bullish-extension-above-150\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-eth6-bullish.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-eth6-bullish.jpg?fit=1200%2C650\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\"],\"dateCreated\":\"2019-01-03T04:08:27Z\",\"datePublished\":\"2019-01-03T04:08:27Z\",\"dateModified\":\"2024-06-11T13:32:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-eth6-bullish.jpg?fit=1200%2C650","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/367103"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=367103"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/367103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/344602"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=367103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=367103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=367103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Ethereum](\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/Ethereum-1.png?resize=1188%2C510\")
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