Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn\u2019t Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum-gearing-for-lift-to-160-uptrend-isnt-over\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn\u2019t Over Yet\" \/>\n<meta property=\"og:description\" content=\"Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. 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Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance.<\/em><\/p>\n

\n
Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar.<\/li>\n
It is currently trading near the key $148 and $150 resistance levels.<\/li>\n
There was a break above a major triangle resistance near $146 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct a few points, but it is likely to climb above the $150 barrier in the near term.<\/li>\n<\/ul>\n
Ethereum Price Could Extend Gains<\/h2>\n
Recently, there was a fresh increase in bitcoin price<\/a> above the $8,250 and $8,400 resistance levels. It helped Ethereum in climbing above the $145 resistance against the US Dollar.<\/p>\n
Additionally, ETH price settled above the $145 level and the 100 hourly simple moving average. It even traded to a new weekly high and spiked above the $148 level.<\/p>\n
More importantly, there was a break above a major triangle resistance<\/a> near $146 on the hourly chart<\/a> of ETH\/USD. However, the bulls are still struggling to gain strength above the $148 and $150 resistance levels.<\/p>\n
$\"Ethereum$ <\/a>
Ethereum Price<\/figcaption><\/figure>\n
Ethereum is currently correcting lower and trading near the 23.6% Fib retracement level of the recent upward move from the $142 low to $148 high. On the downside, there are many supports near the $147 and $145 levels.<\/p>\n
On the upside, the main hurdles are near the $148 and $150 levels. A successful break and close above the $150 level may well start a strong rise. The next major resistance could be $155, above which the price is likely to test the $160 level.<\/p>\n
Downside Remain Limited In ETH<\/h2>\n
It seems like the broken triangle resistance near $147 might provide support in the short term. The next major support is near the $145 level since it coincides with the 50% Fib retracement level of the recent upward move from the $142 low to $148 high.<\/p>\n
Looking at the chart, Ethereum price seems to be facing a strong sell zone near the $148 area. However, the current price action in bitcoin is very bullish, which means there are high chances of an upside break in ETH above the $148 and $150 levels.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining strength in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is currently well above the 50 level.<\/p>\n
Major Support Level \u2013 $145<\/p>\n
Major Resistance Level \u2013 $148<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance. Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar. It is currently trading near the key $148 and $150 resistance levels. There was a break above a major triangle resistance near $146 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct a few points, but it is likely to climb above the $150 barrier in the near term. Ethereum Price Could Extend Gains Recently, there was a fresh increase in bitcoin price above the $8,250 and $8,400 resistance levels. It helped Ethereum in climbing above the $145 resistance against the US Dollar. Additionally, ETH price settled above the $145 level and the 100 hourly simple moving average. It even traded to a new weekly high and spiked above the $148 level. More importantly, there was a break above a major triangle resistance near $146 on the hourly chart of ETH\/USD. However, the bulls are still struggling to gain strength above the $148 and $150 resistance levels. Ethereum is currently correcting lower and trading near the 23.6% Fib retracement level of the recent upward move from the $142 low to $148 high. On the downside, there are many supports near the $147 and $145 levels. On the upside, the main hurdles are near the $148 and $150 levels. A successful break and close above the $150 level may well start a strong rise. The next major resistance could be $155, above which the price is likely to test the $160 level. Downside Remain Limited In ETH It seems like the broken triangle resistance near $147 might provide support in the short term. The next major support is near the $145 level since it coincides with the 50% Fib retracement level of the recent upward move from the $142 low to $148 high. Looking at the chart, Ethereum price seems to be facing a strong sell zone near the $148 area. However, the current price action in bitcoin is very bullish, which means there are high chances of an upside break in ETH above the $148 and $150 levels. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining strength in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently well above the 50 level. Major Support Level \u2013 $145 Major Resistance Level \u2013 $148<\/p>\n","protected":false},"author":67,"featured_media":410854,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625,4],"tags":[8323,1946],"class_list":["post-410852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","category-analysis","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nEthereum Gearing For Another Lift-Off To $160: Uptrend Isn\u2019t Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn\u2019t Over Yet","url":"http:\/\/wncen.com\/news\/ethereum-gearing-for-lift-to-160-uptrend-isnt-over\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum-gearing-for-lift-to-160-uptrend-isnt-over\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_517749853.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_517749853.jpg?fit=1000%2C667"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum"],"dateCreated":"2020-01-14T03:18:15Z","datePublished":"2020-01-14T03:18:15Z","dateModified":"2024-06-11T13:40:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn\\u2019t Over Yet\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-gearing-for-lift-to-160-uptrend-isnt-over\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum-gearing-for-lift-to-160-uptrend-isnt-over\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/shutterstock_517749853.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/shutterstock_517749853.jpg?fit=1000%2C667\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\"],\"dateCreated\":\"2020-01-14T03:18:15Z\",\"datePublished\":\"2020-01-14T03:18:15Z\",\"dateModified\":\"2024-06-11T13:40:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/shutterstock_517749853.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/410852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=410852"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/410852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/410854"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=410852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=410852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=410852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}