{"id":375054,"date":"2019-03-18T04:08:00","date_gmt":"2019-03-18T04:08:00","guid":{"rendered":"https:\/\/wncen.com\/?p=375054"},"modified":"2024-06-11T13:08:12","modified_gmt":"2024-06-11T13:08:12","slug":"ethereum-price-analysis-eth-targets-new-monthly-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-analysis-eth-targets-new-monthly-high\/","title":{"rendered":"Ethereum Price Analysis: ETH Targets New Monthly High"},"content":{"rendered":"
Ethereum price is trading with a positive bias against the US Dollar and bitcoin. ETH could extend gains once it breaks the $141 and $144 resistance levels in the coming sessions.<\/em><\/p>\n This past week, we saw a nice upside move<\/a> above the $134 and $140 resistances in ETH price against the US Dollar. The ETH\/USD pair traded close to the $144 level and later started a downside correction. There was a break below the $140 and $138 levels. It traded close $137 level and formed a low just above the $136 level. The price also stayed above the 100 hourly simple moving average, with a positive angle above $134.<\/p>\n At the moment, the price is trading above the $138 level and the 50% Fib retracement level of the recent decline from the $144 swing high to $137 swing low. Besides, there was a break above a key contracting triangle with resistance near $139 on the hourly chart of ETH\/USD. The pair climbed higher and tested the $141 resistance area. It represents the 61.8% Fib retracement level of the recent decline from the $144 swing high to $137 swing low. In the short term, there could be a few swing moves<\/a> above $138. However, the price is likely to climb above $141 and $142 in the coming sessions.<\/p>\n On the upside, the main resistance is near the $144 level, above which the price could target a new monthly high. The next key resistances are near the $148 and $150 levels. On the downside, an initial support is at $138. If there are more losses, the price may struggle to stay above the $137 support zone.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n