{"id":401412,"date":"2019-10-15T03:08:12","date_gmt":"2019-10-15T03:08:12","guid":{"rendered":"https:\/\/wncen.com\/?p=401412"},"modified":"2024-06-11T13:31:05","modified_gmt":"2024-06-11T13:31:05","slug":"ethereum-eth-breaks-range-resistance-but-bitcoin-still-struggling","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-breaks-range-resistance-but-bitcoin-still-struggling\/","title":{"rendered":"Ethereum (ETH) Breaks Range Resistance But Bitcoin Still Struggling"},"content":{"rendered":"
Ethereum price is showing positive signs versus the US Dollar and bitcoin<\/a>. ETH price must stay above $185 to continue higher in the near term.<\/em><\/p>\n Yesterday, we saw range moves in Ethereum above the $175 and $178 supports against the US Dollar. Finally, the price formed a support base above $180 and later managed to climb higher. It surpassed the $185 resistance<\/a> area to start the current recovery. Moreover, there was a close above the $185 level and the 100 hourly simple moving average.<\/p>\n During the rise, there was a break above a major bearish trend line with resistance near $183 on the hourly chart of ETH\/USD. The pair tested the $188 area and it is currently correcting gains. At the moment, the price is trading below the 23.6% Fib retracement level of the recent wave from the $180 swing low to $188 high. On the downside, there is a strong support forming near the $185 level (the previous resistance).<\/p>\n Moreover, the 50% Fib retracement level of the recent wave from the $180 swing low to $188 high is also positioned near the $185 level. The next key support is near the $184 level and the 100 hourly simple moving average. If there is a downside break and close below the $184 support area, Ethereum price could move back into a bearish zone. In the mentioned case, the price is likely to revisit the $178 support.<\/p>\n On the upside, the $188 level is an initial hurdle for the bulls. A successful break above the $188 level could push the price towards the $192 resistance. Any further upsides may perhaps call for a push towards the $195 resistance area.<\/p>\n <\/a><\/p>\n Looking at the chart<\/a>, Ethereum price is showing positive signs above the $185 level, while bitcoin<\/a> is still facing a strong resistance near $8,400. As long as ETH is above $184, there are chances of more gains in the near term. The bulls are likely to target $192 or $195. Conversely, the price could revisit $178 if it breaks $184.<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly moving into the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is currently correcting lower towards the 50 level.<\/p>\n Major Support Level \u2013 $184<\/p>\n Major Resistance Level \u2013 $192<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum price climbed above the key $185 resistance area against the US Dollar. Bitcoin price is still struggling to recover and is facing a strong resistance near $8,400. There was a break above a major bearish trend line with resistance near $183 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is currently consolidating above $185 and it could rise towards $192 or $195. Ethereum price is showing positive signs versus the US Dollar and bitcoin. ETH price must stay above $185 to continue higher in the near term. Ethereum Price Analysis Yesterday, we saw range moves in Ethereum above the $175 and $178 supports against the US Dollar. Finally, the price formed a support base above $180 and later managed to climb higher. It surpassed the $185 resistance area to start the current recovery. Moreover, there was a close above the $185 level and the 100 hourly simple moving average. During the rise, there was a break above a major bearish trend line with resistance near $183 on the hourly chart of ETH\/USD. The pair tested the $188 area and it is currently correcting gains. At the moment, the price is trading below the 23.6% Fib retracement level of the recent wave from the $180 swing low to $188 high. On the downside, there is a strong support forming near the $185 level (the previous resistance). Moreover, the 50% Fib retracement level of the recent wave from the $180 swing low to $188 high is also positioned near the $185 level. The next key support is near the $184 level and the 100 hourly simple moving average. If there is a downside break and close below the $184 support area, Ethereum price could move back into a bearish zone. In the mentioned case, the price is likely to revisit the $178 support. On the upside, the $188 level is an initial hurdle for the bulls. A successful break above the $188 level could push the price towards the $192 resistance. Any further upsides may perhaps call for a push towards the $195 resistance area. Looking at the chart, Ethereum price is showing positive signs above the $185 level, while bitcoin is still facing a strong resistance near $8,400. As long as ETH is above $184, there are chances of more gains in the near term. The bulls are likely to target $192 or $195. Conversely, the price could revisit $178 if it breaks $184. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving into the bearish zone. Hourly RSI – The RSI for ETH\/USD is currently correcting lower towards the 50 level. Major Support Level \u2013 $184 Major Resistance Level \u2013 $192<\/p>\n","protected":false},"author":67,"featured_media":344604,"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-401412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nEthereum Price Analysis<\/h2>\n
ETH Technical Indicators<\/h2>\n