– <\/strong>The RSI for ETH\/USD is currently above the 50 level, with a bullish angle.<\/p>\nMajor Support Level \u2013 $146<\/p>\n
Major Resistance Level \u2013 $152<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is trading above the key $145 and $146 support levels against the US Dollar. The price is likely to surpass the $150 and $152 resistance levels in the near term. There is a new connecting bearish trend line forming with resistance near $150 on the hourly chart of ETH\/USD (data feed via Kraken). The price is likely to accelerate higher once it clears the $152 resistance zone. Ethereum price is holding a couple of key supports versus the US Dollar and bitcoin. ETH price is likely to climb above $152 as long as it is above $146. Ethereum Price Analysis Recently, we saw a fresh decrease in Ethereum after it failed to climb above the $158 resistance area against the US Dollar. ETH price traded below the $150 support area and the 100 hourly simple moving average. However, the $145 and $146 levels provided support. A swing low was formed near $146 and the price started correcting recent losses. It recovered above the $150 level, but it struggled to clear the $152 resistance. Finally, there was another test of the $146 support and the price is currently consolidating in a range. Moreover, the price is trading above the 23.6% Fib retracement level of the recent decline from the $152 high to $147 low. An immediate resistance is near the $150 level and the 100 hourly simple moving average. Besides, there is a new connecting bearish trend line forming with resistance near $150 on the hourly chart of ETH\/USD. The 50% Fib retracement level of the recent decline from the $152 high to $147 low is also near the trend line resistance. If there is a clear break above the $150 resistance, Ethereum price could continue to rise. Therefore, a break above the trend line and the 100 hourly simple moving average could push the price towards the $152 resistance levels. If the bulls gain pace above the $152 resistance, the price is likely to accelerate higher. The next key resistances are near the $158 and $160 levels. Conversely, the price could struggle to continue above $150 and $150 resistances. In the mentioned case, it may perhaps retest the $146 support. Looking at the chart, Ethereum price is clearly trading near a couple of key hurdles such as $150 and $152. Thus, it could either rally above $152 or attempt a downside break below the $146 support area. The next major support is near the $142 level. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently above the 50 level, with a bullish angle. Major Support Level \u2013 $146 Major Resistance Level \u2013 $152<\/p>\n","protected":false},"author":67,"featured_media":167721,"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-406013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
Ethereum (ETH) Holding Uptrend Support, Bitcoin Recovering<\/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