{"id":376759,"date":"2019-04-02T04:08:25","date_gmt":"2019-04-02T04:08:25","guid":{"rendered":"https:\/\/wncen.com\/?p=376759"},"modified":"2024-06-11T13:07:34","modified_gmt":"2024-06-11T13:07:34","slug":"ethereum-price-analysis-eth-hesitates-but-fresh-increase-seem-likely","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-analysis-eth-hesitates-but-fresh-increase-seem-likely\/","title":{"rendered":"Ethereum Price Analysis: ETH Hesitates But Fresh Increase Seem Likely"},"content":{"rendered":"
Ethereum price is currently consolidating in a range against the US Dollar and bitcoin<\/a>. ETH remains well bid on the downside and it could resume its upside above $142 and $144.<\/em><\/p>\n Recently, we saw a sharp dip below the $140 level in ETH price against the US Dollar. However, the ETH\/USD pair found a strong support near the $139 level and later it bounced back. It settled above the $140 level and the 100 hourly simple moving average<\/a>. Buyers pushed the price above the $142 level and the 50% Fib retracement level of the last slide from the $146 swing high to $139 swing low. However, the last wave was capped by the $143 resistance level.<\/p>\n Besides, the 61.8% Fib retracement level of the last slide from the $146 swing high to $139 swing low acted as a strong resistance. There is also a major bearish trend line in place with resistance at $142 on the hourly chart of ETH\/USD. The pair dipped again recently and retested the $139 support. However, sellers failed to gain momentum below $139. The price is currently moving higher towards the $142 resistance and the same trend line. A successful close above the trend line, followed by an increase in momentum above $143 is needed for more upsides.<\/p>\n The next key resistance is near the $145 level and the last swing high. If buyers gain momentum, there could be a break above the $146 level and the price could rally towards $150. On the downside, an initial support is near the $140 level and the 100 hourly simple moving average. The main support is $139, below which the price may turn bearish in the short term.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n