Ethereum is up around 5% and trading above key hurdles near $140 versus the US Dollar. Bitcoin and ripple surged 5% and 12% respectively, opening the doors for another increase in ETH.
Ether price is now trading above the key $140 and $142 resistance levels against the US Dollar.
BTC rallied recently and tested the $8,000 resistance area.
There is a major bullish trend line forming with support near $138 on the hourly chart of ETH/USD (data feed via Kraken).
ETH seems to be eyeing more upsides above the $145 resistance area.
Ethereum Price Could Test $150
This week, there were strong gains in Ethereum above the $135 resistance against the US Dollar. Moreover, both bitcoin and ripple started a strong surge in the past few sessions and rallied above $7,800 and $0.2150 respectively.
ETH remained in a positive territory and gained pace above the $138 resistance area. Recently, there was a successful break above the $140 resistance, plus a close above the 100 hourly simple moving average.
A new 2020 high is formed near the $145 level and the price is currently consolidating gains. An initial support is near the $143 level, and the 23.6% Fib retracement level of the recent wave from the $139 swing low to $145 high.
On the upside, Ethereum seems to be preparing for an upside break above the $145 resistance. If the bulls gain momentum above the $145 resistance, they could easily push the price towards the $150 resistance.
The next key resistance above $150 is near the $158 level (Nov 2019 resistance zone). A clear break above the $158 hurdle might set the tone for a push towards $167.
Buy Dips In ETH?
In the short term, there could be a downside correction in ETH below $143. However, the $142 level might provide support. The main support area is near the $140 level.
Besides, there is a major bullish trend line forming with support near $138 on the hourly chart of ETH/USD. If there is a dip towards the trend line or $140, the bulls are likely to protect any further losses.
Ethereum Price
Looking at the chart, Ethereum price is rising steadily and the recent upward move could gain pace above the $145 resistance levels. The next bullish targets may be $150 and $157. Conversely, a close below the $138 level might start a substantial correction.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently moving in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 60 level.
Major Support Level – $140
Major Resistance Level – $145 The post appeared first on NewsBTC. origin »
After failing to sustain its bullish momentum above $9,200, Bitcoin has been on a steady decline. As of press time, it is trading just over $8,600 — a key support level. A dip below could cause it to slide further down towards $8,400.
Ethereum is trading in a bullish zone above the $140. 50 pivot level vs the US Dollar. ETH to USD could correct in the short term before a fresh increase above $145. 20. Key Takeaways: ETH/USD Ethereum price traded to a new yearly high at $145.
Ethereum gaining bullish momentum above key hurdles versus the US Dollar, similar to bitcoin. ETH price is likely to accelerate higher towards $145 and $150 in the near term. Ether price is rising steadily and trading above the $135 resistance against the US Dollar.
ETH price is gaining bullish momentum above the $132 resistance against the US Dollar. The price is trading above $135 and it recently traded to a new 2020 high. There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD (data feed via Kraken).... The post appeared first on NewsBTC.
Ripple is down more than 2% and it broke the $0. 1880 support against the US dollar. XRP price is now trading near the $0. 1840 support area and it could correct higher. There is a key bearish trend line forming with resistance near $0.
Bitcoin has continued trading sideways within the lower-$7,000, with this latest bout of consolidation coming about after a failed attempt by BTC’s bulls to spark a rally yesterday. Bull’s inability to sustain any significant upwards momentum points to underlying weakness amongst buyers and may signal that further losses are imminent.
Despite the lackluster price action seen by Bitcoin over the past several days, Ethereum (ETH) has been able to climb back above its previous resistance level at $130 and find some decent buying pressure at this price region, which has come about after an extended period of trading sideways just above its key support level... The post appeared first on NewsBTC.
Bitcoin’s price has been stuck within a firm and unwavering trading range within the lower-$7,000 region over the past week, with each attempt to rally being quickly rejected by aggressive selling pressure that has led BTC to remain stuck around its current price levels.
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Ethereum is still trading above the $122 and $125 support levels against the US Dollar. The price could start a decent increase above the $128 and $130 resistance levels. This week’s major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken).
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Ripple price is still trading in the red zone below the $0. 2000 resistance against the US dollar. The price is declining and it could soon break the $0. 1840 support area to continue lower. This week’s key bearish trend line is still active with resistance near $0.
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Ethereum is down 5% again today and it broke the $130 support area against the US Dollar. The price is now trading near key support levels such as $120 and $122. There is a short term bearish trend line forming with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin (BTC) has just lost the key support of $7,000 after trading above this level for over a week. This marks the first bout of volatility the cryptocurrency market has seen in weeks and, as such, may imply that a larger move in the downward direction may take place in the coming days.
After struggling to recover above $7,300, bitcoin price started a fresh decline against the US Dollar. The price is currently trading in a bearish zone just above the $7,000 support area. There is a key bearish trend line forming with resistance near $7,260 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Ethereum has been closely tracking Bitcoin’s price action in recent times, which has proven to be largely bearish. Both BTC and ETH are now trading at key support levels, and any further near-term downside could spark a massive capitulatory sell off that sends the cryptos reeling lower.
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Ethereum is holding the main $144 support, but also struggling to rise against the US Dollar. The price is now trading below the previous support (now resistance) near $148. There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken).
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Ethereum is struggling to clear the key $152 resistance area against the US Dollar. The price is declining and it is now trading near the $146 support area. Yesterday’s major bullish trend line was breached with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin has finally started to show some signs of weakness after stagnating above $7,500 for days on end, recently dipping under the key support in and around $7,400. As of the time of writing this, the cryptocurrency is trading for $7,350 on many major exchanges, posting a 2% loss in the past 24 hours.
Bitcoin price is trading with a positive bias above the $7,380 and $7,420 support levels. BTC to USD is likely to climb above the $7,640 and $7,780 resistance levels. Key Takeaways: BTC/USD Bitcoin price is showing a lot of positive signs above the $7,420 and $7,380 supports against the US Dollar. BTC/USD is trading above […]
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Ethereum is slowly rising and it is trading above the $146 support area against the US Dollar. The price is facing a few strong resistances near $148, $150 and $152. There is a key contracting triangle forming with resistance near $148 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price is currently declining and trading below the $0. 2240 resistance area. XRP to USD is likely to continue lower towards the key $0. 2130 support area in the near term. Key Takeaways: XRP/USD Ripple price is trading in a bearish zone below the $0.
Ethereum is trading above the key $145 and $146 support levels against the US Dollar. The price is likely to surpass the $150 and $152 resistance levels in the near term. There is a new connecting bearish trend line forming with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken).
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