{"id":377459,"date":"2019-04-07T04:18:20","date_gmt":"2019-04-07T04:18:20","guid":{"rendered":"https:\/\/wncen.com\/?p=377459"},"modified":"2024-06-11T13:10:23","modified_gmt":"2024-06-11T13:10:23","slug":"here-is-why-ethereum-eth-price-could-jump-to-200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/here-is-why-ethereum-eth-price-could-jump-to-200\/","title":{"rendered":"Here is Why Ethereum (ETH) Price Could Jump To $200"},"content":{"rendered":"<ul>\n<li>ETH price started a nice uptrend above the $155 and $165 resistances against the US Dollar.<\/li>\n<li>The price traded as high as $180, corrected lower, and now preparing for the next upside break.<\/li>\n<li>There are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair remains in a strong uptrend and it is likely to climb towards $180 and $200 in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum price is following a solid bullish path versus the US Dollar, but struggling against <a href=\"https:\/\/wncen.com\/2019\/04\/06\/bitcoin-btc-ethereum-ripple-and-bch-poised-for-further-gains\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. ETH is likely setting up for a fresh increase for $180 and $200, while BTC is already gaining momentum.<\/em><\/p>\n<h2>Ethereum Price Weekly Analysis<\/h2>\n<p>This past week, ETH price started a strong upward move after it broke the $140 and $145 resistances against the US Dollar. There was a nasty rise above the $155 resistance level and the 100 simple moving average (4-hours). Buyers gained control and pushed the price above the $165 and $170 resistance levels. The price traded to a new yearly high at $182 and later started a downside correction. There were a few swing moves, but finally a low and support was formed near the $154 level.<\/p>\n<p>Ether price recovered recently and moved above the $165 level. There was a break above 50% Fib retracement level of the last correction from the $180 high to $154 swing low. However, the price seems to be <a href=\"https:\/\/wncen.com\/2019\/04\/05\/ethereum-eth-price-holding-uptrend-support-can-buyers-bounce-back\/\" target=\"_blank\" rel=\"noopener noreferrer \">facing a strong resistance<\/a> near the $170 and $172 levels. Besides, the 61.8% Fib retracement level of the last correction from the $180 high to $154 swing low also acted as a hurdle for buyers. At the moment, there are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH\/USD.<\/p>\n<p>More importantly, it seems like there is a breakout triangle in place with resistance near $170. A successful break above the triangle and $172 is likely to push the price higher. The next stop for buyers could be near the $180 swing high. Above $180, <strong>the main target is likely to be $200<\/strong>.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-377461\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?resize=1828%2C868\" alt=\"Ethereum Price Weekly Analysis ETH BTC\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Ethereum-5.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>The above <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a> indicates that Ethereum is clearly trading with a positive tone above $155 and $160. Even if there is a downside correction, the price remains supported near $160 and $155. Only a daily close below the $152 level and the 100 simple moving average (4-hours) might increase selling pressure.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD for ETH\/USD is about to move back in the bullish zone.<\/p>\n<p>4 hours RSI &#8211; The RSI for ETH\/USD is currently positioned well above the 55 level.<\/p>\n<p>Major Support Level \u2013 $160<\/p>\n<p>Major Resistance Level \u2013 $180<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price started a nice uptrend above the $155 and $165 resistances against the US Dollar. The price traded as high as $180, corrected lower, and now preparing for the next upside break. There are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair remains in a strong uptrend and it is likely to climb towards $180 and $200 in the near term. Ethereum price is following a solid bullish path versus the US Dollar, but struggling against bitcoin. ETH is likely setting up for a fresh increase for $180 and $200, while BTC is already gaining momentum. Ethereum Price Weekly Analysis This past week, ETH price started a strong upward move after it broke the $140 and $145 resistances against the US Dollar. There was a nasty rise above the $155 resistance level and the 100 simple moving average (4-hours). Buyers gained control and pushed the price above the $165 and $170 resistance levels. The price traded to a new yearly high at $182 and later started a downside correction. There were a few swing moves, but finally a low and support was formed near the $154 level. Ether price recovered recently and moved above the $165 level. There was a break above 50% Fib retracement level of the last correction from the $180 high to $154 swing low. However, the price seems to be facing a strong resistance near the $170 and $172 levels. Besides, the 61.8% Fib retracement level of the last correction from the $180 high to $154 swing low also acted as a hurdle for buyers. At the moment, there are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH\/USD. More importantly, it seems like there is a breakout triangle in place with resistance near $170. A successful break above the triangle and $172 is likely to push the price higher. The next stop for buyers could be near the $180 swing high. Above $180, the main target is likely to be $200. The above chart indicates that Ethereum is clearly trading with a positive tone above $155 and $160. Even if there is a downside correction, the price remains supported near $160 and $155. Only a daily close below the $152 level and the 100 simple moving average (4-hours) might increase selling pressure. Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is about to move back in the bullish zone. 4 hours RSI &#8211; The RSI for ETH\/USD is currently positioned well above the 55 level. Major Support Level \u2013 $160 Major Resistance Level \u2013 $180<\/p>\n","protected":false},"author":67,"featured_media":162868,"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-377459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Here is Why Ethereum (ETH) Price Could Jump To $200<\/title>\n<meta name=\"description\" content=\"Ethereum price is following a solid bullish path versus the US Dollar, but struggling against bitcoin. 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