{"id":396621,"date":"2019-09-20T03:08:16","date_gmt":"2019-09-20T03:08:16","guid":{"rendered":"https:\/\/wncen.com\/?p=396621"},"modified":"2024-06-11T13:04:54","modified_gmt":"2024-06-11T13:04:54","slug":"ethereum-eth-price-climbs-again-bulls-likely-sighting-240","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-price-climbs-again-bulls-likely-sighting-240\/","title":{"rendered":"Ethereum (ETH) Price Climbs Again, Bulls Likely Sighting $240"},"content":{"rendered":"
Ethereum price is back in a positive zone versus the US Dollar and bitcoin<\/a>. ETH price is showing positive signs and it might continue to rise above the $225 level.<\/em><\/p>\n Yesterday, ETH price corrected lower<\/a> below the $212 and $210 supports against the US Dollar. Moreover, there was a break below the $205 support area. However, the $202 and $200 levels acted as strong supports. A swing low was formed near $202 and the price started a fresh increase. It surged above the $210 and $215 resistance levels to move back into a positive zone.<\/p>\n More importantly, there was a break above a connecting bearish trend line with resistance near $208 on the hourly chart of the ETH\/USD pair. It opened the doors for more gains above the $220 level. Finally, the price traded to a new monthly high at $225. Recently, Ethereum started a downside correction and traded below the $220 level. It even broke the 23.6% Fib retracement level of the recent wave from the $202 low to $225 high.<\/p>\n However, there are many supports on the downside near the $215 and $212 levels. Additionally, the 50% Fib retracement level of the recent wave from the $202 low to $225 high is also near the $213 level. There is also a new major bullish trend line forming with support near $210 on the same chart. More importantly, the 100 hourly simple moving average is also close to the trend line and $208.<\/p>\n Therefore, dips towards the $212 and $210 levels could find a strong buying interest in the near term. On the upside, an immediate resistance is near the $225 level. If there is an upside break above $225, the price could rally further towards the $240 resistance area.<\/p>\nEthereum Price Analysis<\/h2>\n