{"id":374970,"date":"2019-03-17T04:18:29","date_gmt":"2019-03-17T04:18:29","guid":{"rendered":"https:\/\/wncen.com\/?p=374970"},"modified":"2024-06-11T13:38:49","modified_gmt":"2024-06-11T13:38:49","slug":"ethereum-price-weekly-analysis-eth-primed-for-further-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-weekly-analysis-eth-primed-for-further-gains\/","title":{"rendered":"Ethereum Price Weekly Analysis: ETH Primed For Further Gains"},"content":{"rendered":"
Ethereum price is trading with a bullish bias versus the US Dollar and Bitcoin. ETH\/USD climbed towards $144 and it is currently correcting lower towards key supports near $134.<\/em><\/p>\n This past week, there was a couple of swing moves<\/a> towards the $128 level in ETH price against the US Dollar. Later, the ETH\/USD pair formed a solid support near the $129 and $130 levels. Finally, buyers gained traction and broke the $132 resistance area to move into a positive zone. The upside move was strong as the price even broke the $134 level and the 100 simple moving average (4-hours). The price action was constructive, opening the doors for more upsides above the $134 level.<\/p>\n Moreover, there was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH\/USD. The pair rallied above the $140 resistance level. It traded close to the $144 resistance zone. A high was formed just below $144 and later the price started a downside correction<\/a>. It broke the 23.6% Fib retracement level of the last wave from the $128 low to $144 high. On the downside, there are many supports near the $135 level and the 100 simple moving average (4-hours).<\/p>\n Besides, the 50% Fib retracement level of the last wave from the $128 low to $144 high is also near the $135 level to act as a support. Therefore, if the price continues to move down, it could find a strong support near the $134 or $135 level. If there is a downside break below $134, the price may move back in a bearish zone.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n