{"id":395947,"date":"2019-09-13T03:08:35","date_gmt":"2019-09-13T03:08:35","guid":{"rendered":"https:\/\/wncen.com\/?p=395947"},"modified":"2024-06-11T13:08:34","modified_gmt":"2024-06-11T13:08:34","slug":"ethereum-price-eth-eyeing-upside-break-bitcoin-up-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-eth-eyeing-upside-break-bitcoin-up-2\/","title":{"rendered":"Ethereum Price (ETH) Eyeing Upside Break, Bitcoin Up 2%"},"content":{"rendered":"<ul>\n<li>ETH price stayed above the key $175 support and recovered recently against the US Dollar.<\/li>\n<li>Bitcoin price is trading nicely and it recently broke the key $10,250 resistance area.<\/li>\n<li>This week\u2019s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is trading above the $180 level and it seems like it could continue to rise towards $185.<\/li>\n<\/ul>\n<p><em>Ethereum price is trading nicely above $175 versus the US Dollar, while <a href=\"https:\/\/wncen.com\/2019\/09\/12\/bitcoin-price-btc-showing-signs-of-continued-weakness\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> jumped above $10,300. ETH price could continue to rise as long as above $175.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Recently, there was a downside correction in ETH price below the $180 support against the US Dollar. However, the $175 level acted as a decent support and prevented further losses. Moreover, bitcoin price held the $10,000 support and it bounced back above $10,250 and $10,300. It helped altcoins in recovering and Ether climbed back above the $178 level.<\/p>\n<p>Additionally, the price broke the $180 level and the <a href=\"https:\/\/wncen.com\/2019\/09\/12\/ethereum-price-eth-in-corrective-decrease-but-likely-to-bounce-back\/\" target=\"_blank\" rel=\"noopener noreferrer \">100 hourly simple moving average<\/a>. During the rise, the price broke the 50% Fib retracement level of the recent decline from the $186 swing high to $175 swing low. More importantly, this week\u2019s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH\/USD.<\/p>\n<p>The price is now trading near the 61.8% Fib retracement level of the recent decline from the $186 swing high to $175 swing low. If there are more upsides, the price could break the $182 resistance level. The next resistance is near the $184 level plus the 76.4% Fib retracement level of the recent decline from the $186 swing high to $175 swing low. However, the main resistance is near still near the $185 level.<\/p>\n<p>A convincing close above the $185 resistance might set the pace for a strong rise in the near term. On the downside, an immediate support is near the $178 level. However, the main support is near the $175 level. If there is a bearish break below the $175 support, there could be more downsides in the coming sessions.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-395948\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?resize=1508%2C654\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1508\" height=\"654\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?w=1508 1508w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-11.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is showing a lot of positive signs above $175 and $178. Moreover, bitcoin is gaining pace, which could accelerate gains in Ether as well above $182. Overall, there are chances of more gains as long as there is no close below the $175 support area.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is currently reducing its bullish slope.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently correcting lower and is moving towards the 50 level.<\/p>\n<p>Major Support Level \u2013 $175<\/p>\n<p>Major Resistance Level \u2013 $185<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price stayed above the key $175 support and recovered recently against the US Dollar. Bitcoin price is trading nicely and it recently broke the key $10,250 resistance area. This week\u2019s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is trading above the $180 level and it seems like it could continue to rise towards $185. Ethereum price is trading nicely above $175 versus the US Dollar, while bitcoin jumped above $10,300. ETH price could continue to rise as long as above $175. Ethereum Price Analysis Recently, there was a downside correction in ETH price below the $180 support against the US Dollar. However, the $175 level acted as a decent support and prevented further losses. Moreover, bitcoin price held the $10,000 support and it bounced back above $10,250 and $10,300. It helped altcoins in recovering and Ether climbed back above the $178 level. Additionally, the price broke the $180 level and the 100 hourly simple moving average. During the rise, the price broke the 50% Fib retracement level of the recent decline from the $186 swing high to $175 swing low. More importantly, this week\u2019s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH\/USD. The price is now trading near the 61.8% Fib retracement level of the recent decline from the $186 swing high to $175 swing low. If there are more upsides, the price could break the $182 resistance level. The next resistance is near the $184 level plus the 76.4% Fib retracement level of the recent decline from the $186 swing high to $175 swing low. However, the main resistance is near still near the $185 level. A convincing close above the $185 resistance might set the pace for a strong rise in the near term. On the downside, an immediate support is near the $178 level. However, the main support is near the $175 level. If there is a bearish break below the $175 support, there could be more downsides in the coming sessions. Looking at the chart, Ethereum price is showing a lot of positive signs above $175 and $178. Moreover, bitcoin is gaining pace, which could accelerate gains in Ether as well above $182. Overall, there are chances of more gains as long as there is no close below the $175 support area. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is currently reducing its bullish slope. Hourly RSI &#8211; The RSI for ETH\/USD is currently correcting lower and is moving towards the 50 level. Major Support Level \u2013 $175 Major Resistance Level \u2013 $185<\/p>\n","protected":false},"author":67,"featured_media":328919,"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-395947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Price (ETH) Eyeing Upside Break, Bitcoin Up 2%<\/title>\n<meta name=\"description\" content=\"Ethereum price is trading nicely above $175 versus the US Dollar, while bitcoin jumped above $10,300. 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Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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