chart<\/a>, ETH price is is poised for more gains above the $150 and $154 levels. However, a proper break above the recent high near $157 is needed for a solid bullish wave.<\/p>\nHourly MACD \u2013 <\/strong>The MACD is moving back in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI is just 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 corrected lower recently and traded below the $150 support against the US Dollar. There is a major bullish trend line formed with support at $145 on the hourly chart of ETH\/USD (data feed via Kraken). The pair seems to be preparing for an upward move above $152 and $156 in the near term. Ethereum price is holding key supports against the US Dollar and bitcoin. ETH\/USD is likely to bounce back above $155 as long as it is above $140. Ethereum Price Analysis Yesterday, ETH price traded close to the $157 level against the US Dollar. The ETH\/USD pair traded as high as $156.97 and later started a downside correction. It declined below the $154 and $150 support levels. There was also a break below the 23.6% Fib retracement level of the recent leg from the $130 low to $157 high. However, the price found a strong support near the $144 level. Moreover, there is a major bullish trend line formed with support at $145 on the hourly chart of ETH\/USD. The pair also tested the 50% Fib retracement level of the recent leg from the $130 low to $157 high. It is currently consolidating above the $144 level and the trend line. The price action is positive and it seems like the price may soon break the $150 and $154 levels. A break above the $154-155 zone could clear the path for more gains. On the downside, the trend line support, $144, and the 100 hourly simple moving average hold the key. As long as the price is above $144 and $140, it could bounce back in the near term. Looking at the chart, ETH price is is poised for more gains above the $150 and $154 levels. However, a proper break above the recent high near $157 is needed for a solid bullish wave. Hourly MACD \u2013 The MACD is moving back in the bullish zone. Hourly RSI – The RSI is just above the 50 level. Major Support Level \u2013 $144 Major Resistance Level \u2013 $155<\/p>\n","protected":false},"author":67,"featured_media":328921,"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-367203","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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