Ethereum Price Analysis: ETH Remains Well Supported For More Gains

2020-3-25 16:21

Ethereum price is trading in a positive zone above the $132.50 and $134.50 support levels vs the US Dollar. ETH to USD is likely to continue higher towards $152.00 if it breaks the $142.80 resistance.

Key Takeaways: ETH/USD Ethereum price remained well bid above the $125.20 and $132.20 support levels against the US Dollar. ETH/USD is following a key bullish trend line with support near $129.50 on the 2-hours chart (data feed from Bitstamp). Bitcoin price is currently trading in a range between $6,500 and $6,700. Ethereum Price Analysis

Recently, there was a decent increase in Ethereum price above the $125.20 and $132.20 resistance levels. ETH to USD remained well bid and even climbed above the $134.50 resistance area.

Looking at the 2-hours chart, Ethereum price gained traction above the $140.00 level and the 50 simple moving average (2-hours, purple). A new weekly high is formed near the $143.91 level and it is currently correcting gains.

There was a break below the $140.00 level. Besides, there was a break below the 23.6% Fib retracement level of the upward move from $119.47 to $143.91.

However, the $132.00 area is acting as a strong support for the bulls. It seems like the 50 simple moving average (2-hours, purple) is holding losses below $132.00. The 50% Fib retracement level of the upward move from $119.47 to $143.91 is also near $131.70.

More importantly, Ethereum price is following a key bullish trend line with support near $129.50 on the same chart. If there is a downside break below the 50 SMA and the trend line, the price could start a sustained downward move below $125.00.

The next major support is near the $120.00 level, below which the bears are likely to aim a test of the $115.00 level. Conversely, ETH price could clear the $140.00 and $142.80 resistance levels.

If the bulls gain pace above the $142.80 resistance, there are chances of more upsides. The next resistance is near the $150.00 level, above which the bulls are likely to aim a test of the $158.00 resistance in the near term.

Live Ethereum (ETH) Price: 1 ETH/USD =$137.5164 change ~ -1.16%

Coin Market Cap

$15.16 Billion

24 Hour Volume

$2.71 Billion

24 Hour VWAP

$138

24 Hour Change

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Ethereum (ETH) на Currencies.ru

$ 2299.47 (-0.35%)
Объем 24H $16.532b
Изменеия 24h: -3.81 %, 7d: -0.45 %
Cегодня L: $2287.37 - H: $2310.12
Капитализация $277.519b Rank 2
Цена в час новости $ 136.03 (1590.41%)

ethereum eth price likely continue usd higher

Источник: bitcoinexchangeguide.com

ethereum eth → Результатов: 126


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