{"id":409734,"date":"2020-01-05T04:08:13","date_gmt":"2020-01-05T04:08:13","guid":{"rendered":"https:\/\/wncen.com\/?p=409734"},"modified":"2024-06-11T13:36:12","modified_gmt":"2024-06-11T13:36:12","slug":"ethereum-bullish-145-is-imminent","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-bullish-145-is-imminent\/","title":{"rendered":"Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here&#8217;s Why"},"content":{"rendered":"<ul>\n<li>ETH price is gaining bullish momentum above the $132 resistance against the US Dollar.<\/li>\n<li>The price is trading above $135 and it recently traded to a new 2020 high.<\/li>\n<li>There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is likely to accelerate gains above the $140 and $142 resistance levels.<\/li>\n<\/ul>\n<p><em>Ethereum is surging above key hurdles against the US Dollar, <a href=\"https:\/\/wncen.com\/2020\/01\/03\/bitcoin-just-reversed-likely-heading-7400\/\" target=\"_blank\" rel=\"noopener noreferrer \">similar to bitcoin<\/a>. ETH price seems to be aiming a clear break towards the $145 and $150 resistances.<\/em><\/p>\n<h2>Ethereum Price Going To $145<\/h2>\n<p>This past week, Ethereum extended its decline to test the $125 support against the US Dollar. A strong support base formed near $125, resulting in a steady rise above the $128 resistance.<\/p>\n<p>Additionally, the price surpassed the 50% Fib retracement level of the key decline from the $138 high to $125 low. It <a href=\"https:\/\/wncen.com\/2020\/01\/02\/ethereum-eth-price-primed-for-upsides\/\" target=\"_blank\" rel=\"noopener noreferrer \">opened the doors for more gains<\/a> above $130 and the 100 simple moving average (4-hours).<\/p>\n<p>More importantly, there was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH\/USD. The pair is now trading nicely above the $132 and $135 resistance levels.<\/p>\n<p>Besides, Ethereum climbed above the 76.4% Fib retracement level of the key decline from the $138 high to $125 low. Therefore, there are high chances of an upside continuation above the last swing high at $138.<\/p>\n<p>An immediate resistance is near the $140 level. It represents the 1.236 Fib extension level of the key decline from the $138 high to $125 low.<\/p>\n<p>However, the current momentum seems to be very positive, suggesting a clear follow through above the $142 resistance towards $145. Any further gains could lead the price towards the $150 and $155 resistance levels.<\/p>\n<h2>What Could Cause Decline in ETH?<\/h2>\n<p>On the other hand, if Ethereum price fails to surpass the $138 swing high, it could correct lower. The first key support is near the $132 level and the 100 simple moving average (4-hours).<\/p>\n<p>If the price fails to stay above the 100 SMA, it may perhaps continue to move down towards the $128 support level in the near term. The main supports are still near $125 and $122.<\/p>\n<figure id=\"attachment_409735\" aria-describedby=\"caption-attachment-409735\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409735\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?resize=1828%2C868\" alt=\"Ethereum Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Ethereum-3.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-409735\" class=\"wp-caption-text\">Ethereum Price<\/figcaption><\/figure>\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 trading in a positive bias, with high chances of more gains towards the $142 and $145 resistance levels.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for ETH\/USD is gaining strength in the bullish zone.<\/p>\n<p>4 hours RSI &#8211; The RSI for ETH\/USD is currently well above the 60 level.<\/p>\n<p>Major Support Level \u2013 $125<\/p>\n<p>Major Resistance Level \u2013 $138<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price is gaining bullish momentum above the $132 resistance against the US Dollar. The price is trading above $135 and it recently traded to a new 2020 high. There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair is likely to accelerate gains above the $140 and $142 resistance levels. Ethereum is surging above key hurdles against the US Dollar, similar to bitcoin. ETH price seems to be aiming a clear break towards the $145 and $150 resistances. Ethereum Price Going To $145 This past week, Ethereum extended its decline to test the $125 support against the US Dollar. A strong support base formed near $125, resulting in a steady rise above the $128 resistance. Additionally, the price surpassed the 50% Fib retracement level of the key decline from the $138 high to $125 low. It opened the doors for more gains above $130 and the 100 simple moving average (4-hours). More importantly, there was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH\/USD. The pair is now trading nicely above the $132 and $135 resistance levels. Besides, Ethereum climbed above the 76.4% Fib retracement level of the key decline from the $138 high to $125 low. Therefore, there are high chances of an upside continuation above the last swing high at $138. An immediate resistance is near the $140 level. It represents the 1.236 Fib extension level of the key decline from the $138 high to $125 low. However, the current momentum seems to be very positive, suggesting a clear follow through above the $142 resistance towards $145. Any further gains could lead the price towards the $150 and $155 resistance levels. What Could Cause Decline in ETH? On the other hand, if Ethereum price fails to surpass the $138 swing high, it could correct lower. The first key support is near the $132 level and the 100 simple moving average (4-hours). If the price fails to stay above the 100 SMA, it may perhaps continue to move down towards the $128 support level in the near term. The main supports are still near $125 and $122. The above chart indicates that Ethereum price is trading in a positive bias, with high chances of more gains towards the $142 and $145 resistance levels. Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is gaining strength in the bullish zone. 4 hours RSI &#8211; The RSI for ETH\/USD is currently well above the 60 level. Major Support Level \u2013 $125 Major Resistance Level \u2013 $138<\/p>\n","protected":false},"author":67,"featured_media":409736,"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-409734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"Ethereum is surging above key hurdles against the US Dollar, similar to bitcoin. 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