{"id":372310,"date":"2019-02-22T04:08:06","date_gmt":"2019-02-22T04:08:06","guid":{"rendered":"https:\/\/wncen.com\/?p=372310"},"modified":"2024-06-11T13:07:32","modified_gmt":"2024-06-11T13:07:32","slug":"ethereum-price-analysis-eth-hesitates-but-break-above-150-seem-likely","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-analysis-eth-hesitates-but-break-above-150-seem-likely\/","title":{"rendered":"Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely"},"content":{"rendered":"
Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH\/USD could struggle in the short term, but it will most likely break the $150 resistance area.<\/em><\/p>\n Recently, ETH price traded higher towards the $148 and $149 resistances<\/a> against the US Dollar. However, the ETH\/USD pair failed to surpass the $148 resistance on more than two occasions. As a result, there was a fresh drop and the price traded below the $144 level. The price traded close to the $142 support, where buyers emerged. A swing low was formed and later the price corrected higher. It recently moved above $144 and tested the 50% Fib retracement level of the last slide from the $149 swing high to $142 swing low.<\/p>\n At the moment, the $145-146 zone is acting as a short term resistance. An immediate resistance is the 61.8% Fib retracement level of the last slide from the $149 swing high to $142 swing low. A fresh close above the $148 level is needed for buyers to gain strength. More importantly, buyers need to successfully break $150<\/a> to start a new upward wave. The next key resistance is near $154 and the 1.618 Fib extension level of the last slide from the $149 swing high to $142 swing low.<\/p>\n On the downside, an initial support is near $144. Besides, there is a key bullish trend line formed with support at $143 on the hourly chart of ETH\/USD. The main supports are near the $142 and $140 levels. A downside break below the $140 support could open the doors for a sharp decline in the coming sessions. Therefore, it\u2019s very important for the price to stay above $140 in order to challenge and break $150.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n