Ethereum (ETH) Price Breaks $170, Bulls Now Target $200 or Higher

2019-4-3 07:08

ETH price started a strong rally above the $150 and $160 resistance levels against the US Dollar. The price rallied recently and even climbed above the $170 resistance area. There is a crucial bullish trend line formed with support at $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a strong uptrend and it might continue to rise towards the $180 resistance level.

Ethereum price surged more than 25% versus the US Dollar, coupled with bitcoin price rally. ETH is now trading well above the $165 level and it could accelerate towards the $200 barrier.

Ethereum Price Analysis

Yesterday, we saw a nasty upward move in bitcoin above the $4,800 resistance. It helped ETH price in clearing the $150 and $155 resistances against the US Dollar. The ETH/USD pair jumped more than 25% in the past few sessions. Bulls took control, resulting in a sharp upward move above the $160 and $165 resistance levels. The price even rallied above the $170 resistance and settled well above the 100 hourly simple moving average.

A new yearly high was formed near $173 and the price is still trading with a bullish angle. An initial support is near the $170 level. It represents the 23.6% Fib retracement level of the recent rise from the $159 swing low to $173 swing high. There is also a crucial bullish trend line formed with support at $165 on the hourly chart of ETH/USD. The trend line coincides with the 50% Fib retracement level of the recent rise from the $159 swing low to $173 swing high.

The current price action is very positive, suggesting more gains above the $172 and $173 levels. Buyers could even target the $180 resistance, which is a strong barrier. The next key resistance is near the $185 level, above which the final target in the current wave could be $200. The overall rally is gathering momentum above $165 and sellers are likely to struggle in the coming sessions.

Looking at the chart, Ethereum price is placed in a strong uptrend above the $160 and $165 pivot levels. The price is already up more than 25%, with Ethereum supporters in full action. Therefore, dips towards the $165 and $160 levels are likely to find a solid buying interest. On the upside, a break above the $180 level could open the doors for more gains towards $200.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone, with a positive bias.

Hourly RSI – The RSI for ETH/USD is currently well above the 80 level, with a bullish angle.

Major Support Level – $165

Major Resistance Level – $180

The post Ethereum (ETH) Price Breaks $170, Bulls Now Target $200 or Higher appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2418.86 (+0.35%)
Объем 24H $17.496b
Изменеия 24h: -2.17 %, 7d: -7.44 %
Cегодня L: $2366.56 - H: $2423.86
Капитализация $291.272b Rank 2
Цена в час новости $ 166.11 (1356.18%)

price eth 170 above resistance ethereum higher

Источник: newsbtc.com

price eth → Результатов: 126


Ethereum Netflow Spikes To Derivatives Markets – Is a Price Swing on the Horizon?

Ethereum (ETH) has experienced a lackluster phase in recent weeks, with the asset seeing small price surges but still struggling to hold near or above the $3,000 mark after a brief rally in August. According to a recent analysis from a CryptoQuant analyst, the behind the scenes of this price struggle for ETH has been quite interesting, with the asset seeing a significant shift in its netflow.

2024-10-26 11:30


Is This Ethereum ICO Project To Blame For ETH’s Price Slump?

The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt.

2024-7-9 19:00


Фото:

ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals

Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrency’s successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto […] The post ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals appeared first on Invezz.

2023-4-19 23:44


User Pays $2.6 Million to Transfer Just $130 Worth of ETH; By Far the Highest Fees Ever Paid

After climbing above $240, the second-largest cryptocurrency has slowed down and is keeping around this level. The percent of Ether supply in profit, which is the percentage of calculating ETH whose price at the last time it moved on-chain was lower than the current price, is currently hovering at 80%. It is the third attempt […]

2020-6-11 17:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum price briefly touches $2,700 as ETH comes to life

In an exciting turn of events for cryptocurrency enthusiasts, the Ethereum price has briefly touched the $2,700 mark. This resurgence is particularly noteworthy given the broader market dynamics and the strong performance of Bitcoin (BTC), which is nearing its all-time high of $73,794.

Cardano price prediction: will this ghost chain rebound?

Cardano price has been left in the dust this year, as investors focused on its lagging market share across the blockchain industry and its high valuation. ADA has plunged by over 35% this year, while Bitcoin has soared by 65% and moved to its highest level on record.