{"id":419113,"date":"2020-03-25T03:48:13","date_gmt":"2020-03-25T03:48:13","guid":{"rendered":"https:\/\/wncen.com\/?p=419113"},"modified":"2024-06-11T13:46:45","modified_gmt":"2024-06-11T13:46:45","slug":"ethereum-gearing-lift-off-to-150","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-gearing-lift-off-to-150\/","title":{"rendered":"Ethereum Gearing For Lift-Off to $150: Rally Isn&#8217;t Over Yet"},"content":{"rendered":"<p><em>Ethereum is currently trading nicely above the $135 support area against the US Dollar. ETH price is likely to break the $142 and $144 resistance levels for a move towards $150.<\/em><\/p>\n<ul>\n<li>Ethereum is trading in a positive zone above the $135 support against the US Dollar.<\/li>\n<li>The price is currently consolidating gains below the $144 resistance area.<\/li>\n<li>There is a key bullish trend line forming with support near $135 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li><a href=\"https:\/\/wncen.com\/category\/crypto\/bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer \">Bitcoin<\/a> price is also consolidating gains above the $6,500 support area.<\/li>\n<\/ul>\n<h2>Ethereum Price Remains Supported<\/h2>\n<p>Yesterday, we saw a <a href=\"https:\/\/wncen.com\/2020\/03\/24\/ethereum-rallies-10-primed-towards-150\/\" target=\"_blank\" rel=\"noopener noreferrer \">decent upward move<\/a> in Ethereum above the $130 resistance against the US Dollar. ETH price even climbed above the key $135 resistance and the 100 hourly simple moving average.<\/p>\n<p>It gained pace above the $140 level, but the bulls struggled to remain in action near $144 and $145. A swing high is formed near $144 and the price is currently consolidating gains.<\/p>\n<p>Ethereum is trading below the 23.6% Fib retracement level of the recent increase from the $121 swing low to $144 high. On the downside, an initial support is near the $135 level. More importantly, there is a key bullish trend line forming with support near $135 on the hourly <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a> of ETH\/USD.<\/p>\n<figure id=\"attachment_419114\" aria-describedby=\"caption-attachment-419114\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-419114\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?resize=1828%2C868\" alt=\"Ethereum Price\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/Ethereum-24.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-419114\" class=\"wp-caption-text\">Ethereum Price<\/figcaption><\/figure>\n<p>Below the trend line support, the next support is near the $132 level. It is close to the 50% Fib retracement level of the recent increase from the $121 swing low to $144 high.<\/p>\n<p>Any further losses may perhaps lead the price towards the $130 support level. If the bears gain momentum below $130, the price is likely to accelerate lower towards the $125 level.<\/p>\n<h2>Upside Break<\/h2>\n<p>On the upside, there are a few key hurdles forming near the $142 and $144 levels. There is also a connecting bearish trend line forming on the same chart with resistance near $140.<\/p>\n<p>If the bulls gain strength above the trend line, there are chances of more upsides above the $142 and $144 resistance levels in the near term. In the mentioned case, the price is likely to continue higher towards the main $150 resistance area. Any further gains could lead the price towards the $158 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently correcting lower towards the 50 level.<\/p>\n<p>Major Support Level \u2013 $135<\/p>\n<p>Major Resistance Level \u2013 $144<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is currently trading nicely above the $135 support area against the US Dollar. ETH price is likely to break the $142 and $144 resistance levels for a move towards $150. Ethereum is trading in a positive zone above the $135 support against the US Dollar. The price is currently consolidating gains below the $144 resistance area. There is a key bullish trend line forming with support near $135 on the hourly chart of ETH\/USD (data feed via Kraken). Bitcoin price is also consolidating gains above the $6,500 support area. Ethereum Price Remains Supported Yesterday, we saw a decent upward move in Ethereum above the $130 resistance against the US Dollar. ETH price even climbed above the key $135 resistance and the 100 hourly simple moving average. It gained pace above the $140 level, but the bulls struggled to remain in action near $144 and $145. A swing high is formed near $144 and the price is currently consolidating gains. Ethereum is trading below the 23.6% Fib retracement level of the recent increase from the $121 swing low to $144 high. On the downside, an initial support is near the $135 level. More importantly, there is a key bullish trend line forming with support near $135 on the hourly chart of ETH\/USD. Below the trend line support, the next support is near the $132 level. It is close to the 50% Fib retracement level of the recent increase from the $121 swing low to $144 high. Any further losses may perhaps lead the price towards the $130 support level. If the bears gain momentum below $130, the price is likely to accelerate lower towards the $125 level. Upside Break On the upside, there are a few key hurdles forming near the $142 and $144 levels. There is also a connecting bearish trend line forming on the same chart with resistance near $140. If the bulls gain strength above the trend line, there are chances of more upsides above the $142 and $144 resistance levels in the near term. In the mentioned case, the price is likely to continue higher towards the main $150 resistance area. Any further gains could lead the price towards the $158 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently correcting lower towards the 50 level. Major Support Level \u2013 $135 Major Resistance Level \u2013 $144<\/p>\n","protected":false},"author":67,"featured_media":419115,"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-419113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","category-analysis","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Gearing For Lift-Off to $150: Rally Isn&#039;t Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum is currently trading nicely above the $135 support area against the US Dollar. 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