{"id":396775,"date":"2019-09-22T04:08:55","date_gmt":"2019-09-22T04:08:55","guid":{"rendered":"https:\/\/wncen.com\/?p=396775"},"modified":"2024-06-11T13:25:40","modified_gmt":"2024-06-11T13:25:40","slug":"ethereum-price-weekly-forecast-eth-sighting-fresh-increase","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-weekly-forecast-eth-sighting-fresh-increase\/","title":{"rendered":"Ethereum Price Weekly Forecast: ETH Sighting Fresh Increase"},"content":{"rendered":"<ul>\n<li>ETH price surged higher above the $200 and $210 resistance levels against the US Dollar.<\/li>\n<li>The price is currently correcting lower after posting a new monthly high near $225.<\/li>\n<li>There was a break below a major bullish trend line with support near $216 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is currently declining, but it is likely to find strong bids near $202 and $200.<\/li>\n<\/ul>\n<p><em>Ethereum price is correcting gains from $225 against the US Dollar, while <a href=\"https:\/\/wncen.com\/2019\/09\/19\/bitcoin-price-btc-turns-sell-on-rallies\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> is declining. ETH might revisit the $200 support area before it could start a fresh increase.<\/em><\/p>\n<h2>Ethereum Price Weekly Analysis<\/h2>\n<p>This past week, there was a solid upward move in ETH above the $185 and $200 resistance levels against the US Dollar. Moreover, there was a close above the $200 level and the 100 simple moving average (4-hours). It opened the doors for more gains and Ether climbed above the $210 and $215 resistance levels. Finally, there was a new monthly high was formed near $225 before the price started a downside correction.<\/p>\n<p>On the other hand, <a href=\"https:\/\/wncen.com\/2019\/09\/20\/bitcoin-price-btc-rallies-sharply-but-facing-significant-hurdle\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> price struggled to break the $10,400 resistance area and it is currently under pressure. Ethereum is also declining and it recently broke the $215 support area. Additionally, there was a break below the 50% Fib retracement level of the last major upward move from the $202 low to $225 high. More importantly, there was a break below a major bullish trend line with support near $216 on the 4-hours chart of ETH\/USD.<\/p>\n<p>The pair is now trading well below the $210 level. An immediate support is near the $208 level. It coincides with the 76.4% Fib retracement level of the last major upward move from the $202 low to $225 high. However, the main support on the downside for Ethereum is near the $202 and $200 levels. If there is a downside break below the $202 level, the price could continue to decline towards the $185 support.<\/p>\n<p>On the upside, an immediate resistance is near the $215 level. If there is an upside break above the $215 level, the price could revisit the $225 high. Any further gains might push the price towards the $240 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396776\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?resize=1828%2C868\" alt=\"Ethereum Price Weekly Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ethereum-17.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>The above <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a> indicates that Ethereum price is currently correcting gains from the $225 high. However it is likely to find strong bids near $202 and $200. Once the current correction is complete near $200, the price could bounce back.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bearish zone.<\/p>\n<p>4 hours RSI &#8211; The RSI for ETH\/USD is currently declining and is below the 50 level.<\/p>\n<p>Major Support Level \u2013 $202<\/p>\n<p>Major Resistance Level \u2013 $215<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price surged higher above the $200 and $210 resistance levels against the US Dollar. The price is currently correcting lower after posting a new monthly high near $225. There was a break below a major bullish trend line with support near $216 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair is currently declining, but it is likely to find strong bids near $202 and $200. Ethereum price is correcting gains from $225 against the US Dollar, while bitcoin is declining. ETH might revisit the $200 support area before it could start a fresh increase. Ethereum Price Weekly Analysis This past week, there was a solid upward move in ETH above the $185 and $200 resistance levels against the US Dollar. Moreover, there was a close above the $200 level and the 100 simple moving average (4-hours). It opened the doors for more gains and Ether climbed above the $210 and $215 resistance levels. Finally, there was a new monthly high was formed near $225 before the price started a downside correction. On the other hand, bitcoin price struggled to break the $10,400 resistance area and it is currently under pressure. Ethereum is also declining and it recently broke the $215 support area. Additionally, there was a break below the 50% Fib retracement level of the last major upward move from the $202 low to $225 high. More importantly, there was a break below a major bullish trend line with support near $216 on the 4-hours chart of ETH\/USD. The pair is now trading well below the $210 level. An immediate support is near the $208 level. It coincides with the 76.4% Fib retracement level of the last major upward move from the $202 low to $225 high. However, the main support on the downside for Ethereum is near the $202 and $200 levels. If there is a downside break below the $202 level, the price could continue to decline towards the $185 support. On the upside, an immediate resistance is near the $215 level. If there is an upside break above the $215 level, the price could revisit the $225 high. Any further gains might push the price towards the $240 level. The above chart indicates that Ethereum price is currently correcting gains from the $225 high. However it is likely to find strong bids near $202 and $200. Once the current correction is complete near $200, the price could bounce back. Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is slowly gaining momentum in the bearish zone. 4 hours RSI &#8211; The RSI for ETH\/USD is currently declining and is below the 50 level. Major Support Level \u2013 $202 Major Resistance Level \u2013 $215<\/p>\n","protected":false},"author":67,"featured_media":167912,"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-396775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Price Weekly Forecast: ETH Sighting Fresh Increase<\/title>\n<meta name=\"description\" content=\"Ethereum price is correcting gains from $225 against the US Dollar, while bitcoin is declining. 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