{"id":396222,"date":"2019-09-17T03:08:55","date_gmt":"2019-09-17T03:08:55","guid":{"rendered":"https:\/\/wncen.com\/?p=396222"},"modified":"2024-06-11T13:09:00","modified_gmt":"2024-06-11T13:09:00","slug":"ethereum-price-eth-touches-200-while-bitcoin-is-declining","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/","title":{"rendered":"Ethereum Price (ETH) Touches $200 While Bitcoin Is Declining"},"content":{"rendered":"<ul>\n<li>ETH price extended its gains above the $195 resistance level against the US Dollar.<\/li>\n<li>Bitcoin price is down more than 1.5% and it recently broke the $10,250 support area.<\/li>\n<li>Yesterday\u2019s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is currently consolidating gains and it might soon attempt to climb above the $200 resistance.<\/li>\n<\/ul>\n<p><em>Ethereum price is trading higher towards $200 and $205 versus the US Dollar, while <a href=\"https:\/\/wncen.com\/2019\/09\/15\/bitcoin-btc-price-weekly-forecast-slow-and-steady-increase-likely\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> is declining. ETH price could continue to rise towards $205 or even $210.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, we saw a nice upward move in ETH price above the $185 resistance against the US Dollar. Moreover, we discussed the chances of more upsides and a test of the $200 level. The price did climb higher, broke the $195 swing high, and recently traded close to the $200 level. On the other hand, <a href=\"https:\/\/wncen.com\/2019\/09\/16\/bitcoin-price-btc-approaching-next-break-10250-holds-key\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> remained in a bearish zone and declined below the $10,300 and $10,250 support levels.<\/p>\n<p>Ethereum price formed a new monthly high near $200 and it is currently consolidating gains. An immediate support is near the $197 level. It coincides with the 23.6% Fib retracement level of the last leg from the $189 swing low to $200 high. If there is an extended downside correction, the price could test the $195 support area. Additionally, the 50% Fib retracement level of the last leg from the $189 swing low to $200 high is also near the $195 level.<\/p>\n<p>More importantly, yesterday\u2019s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH\/USD. The main support for Ethereum is near the $185 level (the previous resistance). Therefore, dips remain well supported in the near term towards $195 and $193. On the upside, an immediate resistance is near the $200 handle.<\/p>\n<p>If the price breaks the $200 level, there are high chances of it surpassing the $205 resistance level. The next key resistance is near the $210 level, above which the price could surge towards the $220-$225 zone.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396223\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-13.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 clearly outperforming bitcoin and other altcoins. As long as it is trading above the trend line support and $185, there are chances of more gains. It would be interesting to see how bears react once the price surpasses the $200 barrier and attempts to climb above $205.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is currently in the bullish zone, with positive signs.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently correcting lower and it might test the 60 level.<\/p>\n<p>Major Support Level \u2013 $193<\/p>\n<p>Major Resistance Level \u2013 $200<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price extended its gains above the $195 resistance level against the US Dollar. Bitcoin price is down more than 1.5% and it recently broke the $10,250 support area. Yesterday\u2019s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is currently consolidating gains and it might soon attempt to climb above the $200 resistance. Ethereum price is trading higher towards $200 and $205 versus the US Dollar, while bitcoin is declining. ETH price could continue to rise towards $205 or even $210. Ethereum Price Analysis Yesterday, we saw a nice upward move in ETH price above the $185 resistance against the US Dollar. Moreover, we discussed the chances of more upsides and a test of the $200 level. The price did climb higher, broke the $195 swing high, and recently traded close to the $200 level. On the other hand, bitcoin remained in a bearish zone and declined below the $10,300 and $10,250 support levels. Ethereum price formed a new monthly high near $200 and it is currently consolidating gains. An immediate support is near the $197 level. It coincides with the 23.6% Fib retracement level of the last leg from the $189 swing low to $200 high. If there is an extended downside correction, the price could test the $195 support area. Additionally, the 50% Fib retracement level of the last leg from the $189 swing low to $200 high is also near the $195 level. More importantly, yesterday\u2019s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH\/USD. The main support for Ethereum is near the $185 level (the previous resistance). Therefore, dips remain well supported in the near term towards $195 and $193. On the upside, an immediate resistance is near the $200 handle. If the price breaks the $200 level, there are high chances of it surpassing the $205 resistance level. The next key resistance is near the $210 level, above which the price could surge towards the $220-$225 zone. Looking at the chart, Ethereum price is clearly outperforming bitcoin and other altcoins. As long as it is trading above the trend line support and $185, there are chances of more gains. It would be interesting to see how bears react once the price surpasses the $200 barrier and attempts to climb above $205. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is currently in the bullish zone, with positive signs. Hourly RSI &#8211; The RSI for ETH\/USD is currently correcting lower and it might test the 60 level. Major Support Level \u2013 $193 Major Resistance Level \u2013 $200<\/p>\n","protected":false},"author":67,"featured_media":167232,"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-396222","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) Touches $200 While Bitcoin Is Declining<\/title>\n<meta name=\"description\" content=\"Ethereum price is trading higher towards $200 and $205 versus the US Dollar, while bitcoin is declining. 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ETH price could continue to rise towards $205 or even $210.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-17T03:08:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:09:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis16.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum Price (ETH) Touches $200 While Bitcoin Is Declining\",\"datePublished\":\"2019-09-17T03:08:55+00:00\",\"dateModified\":\"2024-06-11T13:09:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/\"},\"wordCount\":418,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis16.jpg?fit=1200%2C741\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/\",\"name\":\"Ethereum Price (ETH) Touches $200 While Bitcoin Is Declining\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis16.jpg?fit=1200%2C741\",\"datePublished\":\"2019-09-17T03:08:55+00:00\",\"dateModified\":\"2024-06-11T13:09:00+00:00\",\"description\":\"Ethereum price is trading higher towards $200 and $205 versus the US Dollar, while bitcoin is declining. 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