{"id":373748,"date":"2019-03-07T04:08:32","date_gmt":"2019-03-07T04:08:32","guid":{"rendered":"https:\/\/wncen.com\/?p=373748"},"modified":"2024-06-11T13:08:00","modified_gmt":"2024-06-11T13:08:00","slug":"ethereum-price-analysis-eth-signaling-bullish-continuation-above-140","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-analysis-eth-signaling-bullish-continuation-above-140\/","title":{"rendered":"Ethereum Price Analysis: ETH Signaling Bullish Continuation Above $140"},"content":{"rendered":"
Ethereum price is trading with a bullish bias against the US Dollar and bitcoin. ETH\/USD could surge to a new monthly high if it breaks the $140 resistance level in the near term.<\/em><\/p>\n Recently, we saw a sharp upward move<\/a> above the $130 resistance in ETH price against the US Dollar. The ETH\/USD pair climbed above the $132 and $134 resistance levels to move into a positive zone. Finally, there was a close above the $134 level and the 100 hourly simple moving average. The price extended gains and tested the all-important $140 resistance level, where sellers emerged. Later, there was a downside correction below the $138 level. Sellers pushed the price below the 50% Fib retracement level of the recent rise from the $132 low to $140 high.<\/p>\n However, the drop was protected by the $135 support level. Besides, there was no close below the 61.8% Fib retracement level of the recent rise from the $132 low to $140 high. The price recovered and it is currently trading nicely above the $136 level. Moreover, there is an ascending channel in place with support at $136 on the hourly chart of ETH\/USD. The pair is likely to continue higher and it could retest the $140 resistance area.<\/p>\n A successful close above the $140 barrier may open the doors for more gains<\/a>. The next stop for buyers could be near the $144-145 zone. On the other hand, the channel support at $136 might continue to hold losses. Below $136, the price is likely to test the $134 support level. The main support is near the $133 level and the 100 hourly simple moving average.<\/p>\n <\/p>\n Looking at the chart<\/a>, ETH price is signaling more gains above the $139 and $140 resistance levels. Once there is a close above $140, it could really lift the market sentiment for bitcoin<\/a>, Ethereum, ripple<\/a>, EOS, bitcoin cash, litecoin<\/a> and other cryptocurrencies in the near term.<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is about to move back in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is placed well above the 60 level and it is moving higher towards the 70 level.<\/p>\n Major Support Level \u2013 $134<\/p>\n Major Resistance Level \u2013 $140<\/p>\n","protected":false},"excerpt":{"rendered":" ETH price corrected a few points, but dips remained supported above the $134 level against the US Dollar. The price is slowly grinding higher towards the $139-140 resistance area and it is likely to surpass it. There is an ascending channel in place with support at $136 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is likely to continue higher towards $145 as long as it is above the $134 support area. Ethereum price is trading with a bullish bias against the US Dollar and bitcoin. ETH\/USD could surge to a new monthly high if it breaks the $140 resistance level in the near term. Ethereum Price Analysis Recently, we saw a sharp upward move above the $130 resistance in ETH price against the US Dollar. The ETH\/USD pair climbed above the $132 and $134 resistance levels to move into a positive zone. Finally, there was a close above the $134 level and the 100 hourly simple moving average. The price extended gains and tested the all-important $140 resistance level, where sellers emerged. Later, there was a downside correction below the $138 level. Sellers pushed the price below the 50% Fib retracement level of the recent rise from the $132 low to $140 high. However, the drop was protected by the $135 support level. Besides, there was no close below the 61.8% Fib retracement level of the recent rise from the $132 low to $140 high. The price recovered and it is currently trading nicely above the $136 level. Moreover, there is an ascending channel in place with support at $136 on the hourly chart of ETH\/USD. The pair is likely to continue higher and it could retest the $140 resistance area. A successful close above the $140 barrier may open the doors for more gains. The next stop for buyers could be near the $144-145 zone. On the other hand, the channel support at $136 might continue to hold losses. Below $136, the price is likely to test the $134 support level. The main support is near the $133 level and the 100 hourly simple moving average. Looking at the chart, ETH price is signaling more gains above the $139 and $140 resistance levels. Once there is a close above $140, it could really lift the market sentiment for bitcoin, Ethereum, ripple, EOS, bitcoin cash, litecoin and other cryptocurrencies in the near term. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is about to move back in the bullish zone. Hourly RSI – The RSI for ETH\/USD is placed well above the 60 level and it is moving higher towards the 70 level. Major Support Level \u2013 $134 Major Resistance Level \u2013 $140<\/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-373748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nEthereum Price Analysis<\/h2>\n
ETH Technical Indicators<\/h2>\n