{"id":419742,"date":"2020-04-02T03:18:09","date_gmt":"2020-04-02T03:18:09","guid":{"rendered":"https:\/\/wncen.com\/?p=419742"},"modified":"2024-06-11T13:47:04","modified_gmt":"2024-06-11T13:47:04","slug":"ethereum-eth-broke-135-and-primed-to-test-150","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-broke-135-and-primed-to-test-150\/","title":{"rendered":"Ethereum Just Broke $135 and Primed To Test $150: Here\u2019s Why"},"content":{"rendered":"<p><em>Ethereum is trading with a bullish angle and it recently surpassed the $135 resistance against the US Dollar. ETH price is likely to continue higher towards $145 and $150.<\/em><\/p>\n<ul>\n<li>Ethereum is up more than 3% and it broke the main $135 resistance against the US Dollar.<\/li>\n<li>The price is now trading in a bullish zone and it could continue higher towards $145 or $150.<\/li>\n<li>There is a key bullish trend line forming with support near $131 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 \">Bitcoin<\/a> also gained traction and it rallied more than 5% to trade above $6,600.<\/li>\n<\/ul>\n<h2>Ethereum Price Gaining Bullish Momentum<\/h2>\n<p>This week, we discussed the <a href=\"https:\/\/wncen.com\/2020\/04\/01\/ethereum-breaking-this-single-level-will-spark-a-strong-rally\/\" target=\"_blank\" rel=\"noopener \">importance of the $135 resistance<\/a> for Ethereum against the US Dollar. ETH price made a few attempts to clear the $135 hurdle and it recently succeeded.<\/p>\n<p>After trading as low as $128.85, the bulls came into the action. They pumped the price above the $135 resistance and the 100 hourly simple moving average. The upward move was strong and the price traded towards the $140 level.<\/p>\n<p>A high is formed near $139 and the price is currently correcting gains. It broke the 23.6% Fib retracement level of the recent rally from the $129 swing low to $139 high. On the downside, the previous resistance near the $135 level is now likely to act as a major support area for Ethereum in the near term.<\/p>\n<p>There is also a key bullish trend line forming with support near $131 on the hourly <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a> of ETH\/USD. An intermediate support is the 50% Fib retracement level of the recent rally from the $129 swing low to $139 high.<\/p>\n<figure id=\"attachment_419743\" aria-describedby=\"caption-attachment-419743\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-419743\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?resize=1828%2C868\" alt=\"Ethereum Price\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/Ethereum-1.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-419743\" class=\"wp-caption-text\">Ethereum Price<\/figcaption><\/figure>\n<p>The current price action is positive and it seems like the price is likely to continue higher above the $138 and $140 levels. The first major resistance is near the $142 level, above which the bulls are likely to aim a test of $145 or even $150.<\/p>\n<h2>Dips Remain Supported<\/h2>\n<p>If Ethereum corrects lower, it is likely to remain well bid near the $135 support zone. The main support below the $135 level is near the $130 range area.<\/p>\n<p>As long as there is no daily close below $130, the bulls are likely to remain in control in the coming sessions.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is now moving nicely in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently well above the 60 level.<\/p>\n<p>Major Support Level \u2013 $132<\/p>\n<p>Major Resistance Level \u2013 $140<\/p>\n<p><a href=\"https:\/\/www.plus500.com\/?id=121277&amp;pl=2\" target=\"_blank\" rel=\"noopener nofollow\">Take advantage of the trading opportunities with Plus500<\/a><\/p>\n<p>Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is trading with a bullish angle and it recently surpassed the $135 resistance against the US Dollar. ETH price is likely to continue higher towards $145 and $150. Ethereum is up more than 3% and it broke the main $135 resistance against the US Dollar. The price is now trading in a bullish zone and it could continue higher towards $145 or $150. There is a key bullish trend line forming with support near $131 on the hourly chart of ETH\/USD (data feed via Kraken). Bitcoin also gained traction and it rallied more than 5% to trade above $6,600. Ethereum Price Gaining Bullish Momentum This week, we discussed the importance of the $135 resistance for Ethereum against the US Dollar. ETH price made a few attempts to clear the $135 hurdle and it recently succeeded. After trading as low as $128.85, the bulls came into the action. They pumped the price above the $135 resistance and the 100 hourly simple moving average. The upward move was strong and the price traded towards the $140 level. A high is formed near $139 and the price is currently correcting gains. It broke the 23.6% Fib retracement level of the recent rally from the $129 swing low to $139 high. On the downside, the previous resistance near the $135 level is now likely to act as a major support area for Ethereum in the near term. There is also a key bullish trend line forming with support near $131 on the hourly chart of ETH\/USD. An intermediate support is the 50% Fib retracement level of the recent rally from the $129 swing low to $139 high. The current price action is positive and it seems like the price is likely to continue higher above the $138 and $140 levels. The first major resistance is near the $142 level, above which the bulls are likely to aim a test of $145 or even $150. Dips Remain Supported If Ethereum corrects lower, it is likely to remain well bid near the $135 support zone. The main support below the $135 level is near the $130 range area. As long as there is no daily close below $130, the bulls are likely to remain in control in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now moving nicely in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently well above the 60 level. Major Support Level \u2013 $132 Major Resistance Level \u2013 $140 Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"author":67,"featured_media":419744,"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":[8323,1946,8686],"class_list":["post-419742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","category-analysis","tag-eth","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Ethereum Just Broke $135 and Primed To Test $150: Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Ethereum is trading with a bullish angle and it recently surpassed the $135 resistance. 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