{"id":368428,"date":"2019-01-17T04:08:54","date_gmt":"2019-01-17T04:08:54","guid":{"rendered":"https:\/\/wncen.com\/?p=368428"},"modified":"2024-06-11T13:33:02","modified_gmt":"2024-06-11T13:33:02","slug":"ethereum-price-analysis-eth-buyers-not-out-of-woods-yet","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-analysis-eth-buyers-not-out-of-woods-yet\/","title":{"rendered":"Ethereum Price Analysis: ETH Buyers Not Out of Woods Yet"},"content":{"rendered":"
Ethereum price struggled to break key resistances against the US Dollar and bitcoin. ETH\/USD remains supported on dips, but a break above $127 is needed for more gains.<\/em><\/p>\n After an increase in the bearish sentiment<\/a>, ETH price dropped towards the $118 support against the US Dollar. The ETH\/USD pair found a lot of buyers near the $117-118 zone, resulting in a decent upside correction. The price jumped sharply above the $120, $124 and $127 levels. Buyers were successful in piercing the 50% Fib retracement level of the recent decline from the $130 swing high to $117 swing low. There was a spike above the 100 hourly simple moving average and $128.<\/p>\n However, the price failed to stay above the $127 resistance and later declined. There was a rejection near the 76.4% Fib retracement level of the recent decline from the $130 swing high to $117 swing low. The price is currently trading below the $125 resistance and the 100 hourly simple moving average. Moreover, there is a new connecting bearish trend line formed with resistance at $127 on the hourly chart of ETH\/USD. Therefore, there are a few important hurdles<\/a> near the $124, $125 and $127 resistance levels. A clear break and close above the trend line is must for an acceleration towards $130 and $135.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n