– <\/strong>The RSI for ETH\/USD is currently above the 55 level, with a bullish angle.<\/p>\nMajor Support Level \u2013 $185<\/p>\n
Major Resistance Level \u2013 $192<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is trading nicely above the $185 and $186 support levels against the US Dollar. Bitcoin is holding the $9,200 support, but it is facing hurdles near the $9,400 level. Yesterday\u2019s highlighted key bullish trend line is active with support near $186 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is showing positive signs and it is likely to accelerate higher towards the $195 and $200 levels. Ethereum price is gaining pace above $186 versus the US Dollar, while bitcoin is facing hurdles. ETH price is likely to accelerate gains once it clears the $200 barrier. Ethereum Price Analysis After yesterday\u2019s upward move, Ethereum corrected a few points below the $186 support against the US Dollar. ETH price corrected below the $185 level, but the 100 hourly simple moving average acted as a strong support. A swing low was formed near $183 and the price recently started a fresh increase. The price gained pace and broke the $185 and $186 resistance levels. Moreover, there was a break above the $190 resistance. A new weekly high was formed near $192 and Ethereum price again corrected below $190. Besides, there was a break below the 23.6% Fib retracement level of the recent move from the $183 swing low to $192 swing high. However, the previous resistance near $188 is acting as a support. Additionally, the 50% Fib retracement level of the recent move from the $183 swing low to $192 swing high is also near the $188 level. Lastly, yesterday\u2019s highlighted key bullish trend line is active with support near $186 on the hourly chart of ETH\/USD. At the moment, the price is climbing higher towards the $190 and $192 resistance levels. If there is a successful break above the $192 level, Ethereum is likely to accelerate towards the $195 and $200 resistance levels. Conversely, if there is another dip, the price could find support near the $188 level. The main support is near the $186 and $185 levels, below which there is a risk of an extended decline towards the $180 support area. Looking at the chart, Ethereum price is clearly trading nicely above the $188 and $186 support levels. Therefore, as long as the price is above $186, there are high chances of upside continuation. The main resistances on the upsides are near $200, above which the price is likely to accelerate towards $220. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently above the 55 level, with a bullish angle. Major Support Level \u2013 $185 Major Resistance Level \u2013 $192<\/p>\n","protected":false},"author":67,"featured_media":169352,"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-403389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
Ethereum (ETH) Bulls Eyeing Further Upsides, Bitcoin Facing Hurdles<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n