– <\/strong>The RSI for ETH\/USD is currently correcting lower from 65 and it could test the 50 level.<\/p>\nMajor Support Level \u2013 $148<\/p>\n
Major Resistance Level \u2013 $155<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is showing positive signs above the $150 and $152 resistance levels against the US Dollar. The price is currently trading near the $155 resistance and it could rise further. There is a short term bullish flag forming with resistance near $155 on the hourly chart of ETH\/USD (data feed via Kraken). The price could rise nicely above the $155 and $160 resistance levels in the near term. Ethereum price is gaining bullish momentum above $150 versus the US Dollar, while bitcoin rallied above $7,500. ETH price is likely to aim $165 if it settles above $155. Ethereum Price Analysis Recently, there was a nice recovery in Ethereum above the $140 and $142 resistance levels against the US Dollar. Later, ETH price consolidated above the $142 support area and below the 100 hourly simple moving average. Finally, the bulls gained strength and were able to push the price above the $150 resistance area and the 100 hourly simple moving average. Besides, yesterday\u2019s key bearish trend line with resistance near $150 was breached on the hourly chart of ETH\/USD. It opened the doors for more gains above the $152 resistance. Ethereum tested the $155-$156 resistance area and it is currently consolidating gains. An initial support is near the $152 level. Furthermore, the 23.6% Fib retracement level of the recent rise from the $142 swing low to $156 high is also near the $152 level. More importantly, there is a short term bullish flag forming with resistance near $155 on the same chart. If there is an upside break above $155 and the price climbs above the $156 high, there could be more gains. In the mentioned case, the price may perhaps surpass the $160 resistance and continue higher. The next key resistance of the target for the current recovery could be $165. Conversely, the price might fail to continue above the $155 and $156 resistance levels. On the downside, the price may revisit the $148 zone if it breaks the $152 support. The 50% Fib retracement level of the recent rise from the $142 swing low to $156 high is also near the $148 level. If there are more downsides below $148 and the 100 hourly SMA, the price will most likely retest the $142 support. Looking at the chart, Ethereum price is showing positive signs above the $152 and $148 support levels. The current price action suggests high chances of more gains above $155 and $158. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently correcting lower from 65 and it could test the 50 level. Major Support Level \u2013 $148 Major Resistance Level \u2013 $155<\/p>\n","protected":false},"author":67,"featured_media":344602,"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-405646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
Ethereum (ETH) Signaling Upside Continuation, $165 Possible?<\/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