{"id":378107,"date":"2019-04-12T04:08:42","date_gmt":"2019-04-12T04:08:42","guid":{"rendered":"https:\/\/wncen.com\/?p=378107"},"modified":"2024-06-11T13:39:18","modified_gmt":"2024-06-11T13:39:18","slug":"ethereum-eth-price-155-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-price-155-support\/","title":{"rendered":"Ethereum (ETH) Price Eyeing Last Line of Defense Near $155"},"content":{"rendered":"
Ethereum price struggled recently and declined heavily versus the US Dollar and bitcoin<\/a>. ETH is likely to test the key $155 support level, where buyers are likely to appear.<\/em><\/p>\n After struggling near the $185 resistance, Ethereum price started a downside correction against the US Dollar. The ETH\/USD pair gained bearish momentum and broke the $175 and $170 support levels. Recently, there was an increase in selling pressure and the price broke the $165 support and the 100 hourly simple moving average. It resulted in additional losses<\/a> and the price moved toward the $160 support area. It is currently consolidating losses above $160, with a bearish angle.<\/p>\n On the upside, an initial resistance is near the $164 level and the 23.6% Fib retracement level of the last slide from the $185 high to $160 low. There is also a key bearish trend line in place with resistance at $164 on the hourly chart of ETH\/USD. The $165 level is also a significant resistance since it was a support earlier. If there is a break above the $165 level, the price could rebound towards the $172 level. It represents the 50% Fib retracement level of the last slide from the $185 high to $160 low. Besides, the 100 hourly SMA is also near the $172 level.<\/p>\n On the downside, the $160 might continue to hold losses. However, there are chances of another downside push towards the $155 support. The stated $155 support is very important and it is likely to hold losses. If buyers fail near $155, the next stop for sellers could be $142 in the near term.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n