Ethereum Price Analysis: ETH Rallying Towards $200 & $220

2020-2-5 15:59

Ethereum price is climbing higher and it recently broke the $194.80 resistance area vs the US Dollar. ETH to USD is showing positive signs and it could rise further towards the $220.00 level.

Key Takeaways: ETH/USD Ethereum price is surging and it cleared the $191.90 and $194.80 resistance levels against the US Dollar. ETH/USD broke a key contracting triangle with resistance near $188.50 on the 2-hours chart (data feed from Bitstamp). Bitcoin price is also rising and it cleared the $9,400 resistance area. Ethereum Price Analysis

Recently, there was a downside correction in Ethereum price below the $188.00 level. However, ETH to USD found support near the $182.00 level and traded as low as $181.97.

Ethereum Price Analysis

Looking at the 2-hours chart, Ethereum price started a fresh increase from the $181.97 low and climbed above the 50 simple moving average (2-hours, purple). The bulls gained pace and pushed the price above the $188.00 and $191.90 resistance levels.

During the rise, the price broke a key contracting triangle with resistance near $188.50 on the 2-hours chart. It opened the doors for more gains above the 76.4% Fib retracement level of the downside correction from the $194.99 high to $181.97 low.

Ethereum climbed above the $194.80 resistance and the $194.99 swing high. Finally, it tagged the 1.236 Fib extension level of the downside correction from the $194.99 high to $181.97 low.

It seems like the price remained just shy of the $200.00 barrier. It is currently showing a lot of positive signs above the $194.00 and $195.00 levels.

If there is an upside break above the $198.00 and $200.00 levels, the price could continue to rise in the coming sessions. The next major resistance for the bulls is near the $220.00 level.

Conversely, Ethereum might correct a few points from $198.00 or $200.00 in the near term. In the mentioned case, the price is likely to find support near the $194.00 area. The next major support is near the $188.50 level since the 50 simple moving average (2-hours, purple) is positioned near the stated level.

Live Ethereum (ETH) Price: 1 ETH/USD =$196.4387 change ~ 5.88%

Coin Market Cap

$21.52 Billion

24 Hour Volume

$2.8 Billion

24 Hour VWAP

$191

24 Hour Change

$11.5593 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~ETH~USD");

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Ethereum (ETH) на Currencies.ru

$ 3104.01 (-0.05%)
Объем 24H $11.122b
Изменеия 24h: -0.16 %, 7d: 4.32 %
Cегодня L: $3055.33 - H: $3131.6
Капитализация $372.874b Rank 2
Цена в час новости $ 196.84 (1476.92%)

ethereum price eth towards 220 usd rise

Источник: bitcoinexchangeguide.com

ethereum price → Результатов: 126


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