{"id":420061,"date":"2020-04-06T03:08:09","date_gmt":"2020-04-06T03:08:09","guid":{"rendered":"https:\/\/wncen.com\/?p=420061"},"modified":"2024-06-11T13:47:11","modified_gmt":"2024-06-11T13:47:11","slug":"ethereum-swift-rally-could-occur-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-swift-rally-could-occur-2\/","title":{"rendered":"A Key Trend Is Forming For Ethereum and A Swift Rally Could Occur"},"content":{"rendered":"
Ethereum is trading nicely above the key $140 support zone against the US Dollar. ETH price is showing a few positive signs and it could attempt to rally above $145.<\/em><\/p>\n
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Ethereum is currently consolidating above the $140 support area against the US Dollar.<\/li>\n
The price is still struggling to gain bullish momentum above the $145 resistance.<\/li>\n
There was a break above a major bearish trend line with resistance near $142 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a strong increase as long as it is above the $140 support and the 100 hourly SMA.<\/li>\n<\/ul>\n
Ethereum Price Could Rally Soon<\/h2>\n
Recently, Ethereum made another attempt to surpass the $145 resistance against the US Dollar, but it failed. ETH price formed a swing high near the $146 level and declined below $142.<\/p>\n