{"id":371377,"date":"2019-02-14T04:08:44","date_gmt":"2019-02-14T04:08:44","guid":{"rendered":"https:\/\/wncen.com\/?p=371377"},"modified":"2024-06-11T13:33:30","modified_gmt":"2024-06-11T13:33:30","slug":"ethereum-price-analysis-eth-primed-for-further-gains-above-125","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-analysis-eth-primed-for-further-gains-above-125\/","title":{"rendered":"Ethereum Price Analysis: ETH Primed For Further Gains Above $125"},"content":{"rendered":"
Ethereum price is slowly gaining bullish momentum against the US Dollar and bitcoin. ETH\/USD is likely to break the recent high and trade above the $128 and $130 resistance levels.<\/em><\/p>\n In the past few sessions, there were mostly range moves<\/a> below the $125 resistance in ETH price against the US Dollar. The ETH\/USD pair dipped towards the $118 and $120 supports on a couple of occasions. However, buyers were able to defend losses, resulting in a bullish reaction. Recently, there was a nice upward move and the price spiked above the $125 resistance, but buyers failed to hold gains. A high was formed at $125.41 and later the price corrected lower. It dipped below the $124 and $122 levels. Besides, there was a break below the 50% Fib retracement level of the recent wave from the $117 low to $125 swing low.<\/p>\n The decline found support near the key $120 level. More importantly, yesterday\u2019s highlighted key bullish trend line is intact with support at $120 on the hourly chart of ETH\/USD. The pair also tested the 61.8% Fib retracement level of the recent wave from the $117 low to $125 swing low. At the outset, the price is trading nicely above the $120 support and the 100 hourly simple moving average. It seems like the price may continue to trade in a range above $120 before the next move. If there is a downside break below $120, $119, and the 100 hourly SMA, there could be more declines. The next stop for buyers<\/a> could be the $115 area. It coincides with the 1.236 Fib extension level of the recent wave from the $117 low to $125 swing low.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n