{"id":376540,"date":"2019-03-31T04:08:56","date_gmt":"2019-03-31T04:08:56","guid":{"rendered":"https:\/\/wncen.com\/?p=376540"},"modified":"2024-06-11T13:09:07","modified_gmt":"2024-06-11T13:09:07","slug":"ethereum-price-weekly-analysis-can-eth-bulls-keep-uptrend-going","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-weekly-analysis-can-eth-bulls-keep-uptrend-going\/","title":{"rendered":"Ethereum Price Weekly Analysis: Can ETH Bulls Keep Uptrend Going?"},"content":{"rendered":"
Ethereum price is placed in a solid uptrend versus the US Dollar and Bitcoin<\/a>. ETH\/USD could test the $139 support area before it starts a fresh bullish wave above $144.<\/em><\/p>\n This past week, ETH price formed a solid support base near the $137 level against the US Dollar. The ETH\/USD pair started a solid upside move and traded above the $139 and $142 resistance levels. There was a successful close above the $139 level and the 100 simple moving average (4-hours). It cleared the path for more gains and the price traded above the $144 resistance area. It traded close to the $146 resistance level and later started a substantial downside correction.<\/p>\n The price traded below the $142 level and the 50% Fib retracement level of the last wave from the $137 low to $145 swing high. However, the price found a strong buying interest<\/a> above the key $139 support area. Moreover, there is a major ascending channel in place with support at $140 on the 4-hours chart of ETH\/USD. The 61.8% Fib retracement level of the last wave from the $137 low to $145 swing high also acted as a support. The price recovered, but the $142 area is acting as a hurdle.<\/p>\n It seems like there could be another dip in ETH price below the $140 level. However, the $139 support zone is likely to act as a crucial buy zone. As long as there is no daily close below the $139 level, the price is likely to bounce back in the near term.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n