{"id":388629,"date":"2019-07-04T03:08:58","date_gmt":"2019-07-04T03:08:58","guid":{"rendered":"https:\/\/wncen.com\/?p=388629"},"modified":"2024-06-11T13:45:00","modified_gmt":"2024-06-11T13:45:00","slug":"ethereum-eth-price-primed-for-more-gains-bitcoin-up-6","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-price-primed-for-more-gains-bitcoin-up-6\/","title":{"rendered":"Ethereum (ETH) Price Primed For More Gains, Bitcoin Up 6%"},"content":{"rendered":"
Ethereum price is showing positive signs above $295 versus the US Dollar, but struggling vs bitcoin<\/a>. ETH price might accelerate gains once it settles above the $300 and $305 levels.<\/em><\/p>\n There were extended gains in bitcoin<\/a> above the $11,500 level, but Ethereum struggled against the US Dollar. Earlier, the ETH\/USD pair made a few attempts to settle above the $300 resistance area. Finally, there was an upside break, but there was no momentum above the $300 level. The price traded to a new intraday high near $304 and settled above the 100 hourly simple moving average.<\/p>\n It is currently correcting gains and is trading near the $300 level. The 23.6% Fib retracement level of the recent wave from the $290 swing low to $304 high is also near the $300 level. If there are more downsides, the price might test the $296-297 support area. Moreover, there is a new connecting bullish trend line forming with support near $297 on the hourly chart of ETH\/USD.<\/p>\n Below the trend line, the next key support is near the $295 level. The 50% Fib retracement level of the recent wave from the $290 swing low to $304 high is also near the $295 level. Finally, the 100 hourly SMA is likely to act as a strong support near $295. As long as there is no close below $295 and the 100 hourly SMA, there are chances of more upsides in the near term.<\/p>\n On the upside, an immediate resistance is near the $304-305 zone. If there is an upside break above $305, the price could test the $310 resistance area. Any further gains could lead the price towards the key $325 resistance area.<\/p>\nEthereum Price Analysis<\/h2>\n