{"id":409780,"date":"2020-01-06T03:41:04","date_gmt":"2020-01-06T03:41:04","guid":{"rendered":"https:\/\/wncen.com\/?p=409780"},"modified":"2024-06-11T13:36:13","modified_gmt":"2024-06-11T13:36:13","slug":"ethereum-smashes-resistance-eth-could-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-smashes-resistance-eth-could-rally\/","title":{"rendered":"Ethereum Smashes Resistance, Reasons Why ETH Could Rally 10%"},"content":{"rendered":"
Ethereum gaining bullish momentum above key hurdles versus the US Dollar, similar to bitcoin. ETH price is likely to accelerate higher towards $145 and $150 in the near term.<\/em><\/p>\n In the past few sessions, there were mostly bullish moves in Ethereum above the $130 resistance against the US Dollar. Moreover, ETH surged above the $135 resistance and settled above the 100 hourly simple moving average.<\/p>\n It opened the doors for more gains and the price traded above the $138 swing high. The price is now trading near the 1.236 Fib extension level of the recent decline from the $138 high to $133 low.<\/p>\n The current price action suggests that the bulls are aiming an upside break above the $140 and $142 resistance levels. Once bitcoin climbs above the $7,580 and $7,600 resistance levels<\/a>, Ethereum might follow and climb above $142.<\/p>\n An intermediate resistance could be $141 or the 1.618 Fib extension level of the recent decline from the $138 high to $133 low. A successful close above the $142 resistance may perhaps set the pace for an upside continuation towards the $150 barrier<\/a>.<\/p>\n Conversely, there could be short term downsides in ETH if the price fails to climb above the $142 resistance. In the mentioned case, the bulls are likely to protect downsides near the $135 and $134 levels.<\/p>\n Additionally, there is a key bullish trend line forming with support near $134 on the hourly chart of ETH\/USD. Should the price fail to stay above the trend line, it could correct further towards the $130 support level in the near term.<\/p>\n\n
Ethereum Price Rising Steadily<\/h2>\n
Dips In ETH Remain Supported<\/h2>\n