Ethereum Price Analysis: ETH Up 15%, Rally Could Extend Above $150

2018-12-24 07:08

Key Highlights

ETH price surged higher recently and broke the $130 and $140 resistance levels against the US Dollar. There is a crucial bullish trend line in place with support at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near $148 and it could rally above the $150 level in the near term.

Ethereum price gained a lot of bullish momentum against the US Dollar and bitcoin. ETH/USD broke $145 and now it could rally above $150 and $155.

Ethereum Price Analysis

In the weekly analysis, we discussed the chances of ETH price hitting the $140 mark against the US Dollar. The ETH/USD pair did break the $125 and $130 resistance levels. It even broke the $140 barrier and placed itself well above the 100 hourly simple moving average. The price recently traded close to the $150 level and it is currently consolidating gains.

An initial support is near $144 and the 23.6% Fib retracement level of the recent wave from the $125 low to $149 high. However, the main support is near the $135-136 zone. Moreover, there is a crucial bullish trend line in place with support at $138 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the recent wave from the $125 low to $149 high. Therefore, if there is a downside correction, the price is likely to find bids near $144, $140 or $135. On the upside, an initial resistance is near the $150 level, above which the price could rally past $155.

Looking at the chart, ETH price gained more than 15% and broke the key $140 resistance. This indicates buyers are in full control and there could be more gains above $150.

Hourly MACD – The MACD is placed nicely in the bullish zone.

Hourly RSI – The RSI is currently placed in the overbought zone with no bearish angle.

Major Support Level – $135

Major Resistance Level – $150

The post Ethereum Price Analysis: ETH Up 15%, Rally Could Extend Above $150 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3106.46 (+0.08%)
Объем 24H $11.1b
Изменеия 24h: 0.48 %, 7d: 5.08 %
Cегодня L: $3055.33 - H: $3131.6
Капитализация $373.169b Rank 2
Цена в час новости $ 138.28 (2146.5%)

eth rally price above could ethereum extend

Источник: newsbtc.com

eth rally → Результатов: 32


It Costs $20 to Launch a 51 percent Attack on Einsteinium and Less than $200 to Force a Hard Fork in Feathercoin

There is this other side of crypto. It’s dark and full of dead coins. It keeps piling up every time ETH or BTC print lower. Though the market is expecting a rally with Ran Neur listing a couple of indicators to justify his bullish stand, Einsteinium coin creators and “community” should be having a hard […] The post It Costs $20 to Launch a 51 percent Attack on Einsteinium and Less than $200 to Force a Hard Fork in Feathercoin appeared first on Ethereum World News.

2018-10-9 14:59


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Wallet drainer service Pink Drainer to wind down operations

Developers behind Pink Drainer, a notorious wallet drainer service implicated in the theft of over $75 million in assets, have decided to wind down their operations.  “We have reached our goal and now, according to plan, it’s time for us…

Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’

For investors hoping for a simple way to gain exposure to Ethereum, the road seems paved with regulatory hurdles. The US Securities and Exchange Commission (SEC) has thrown a wrench into plans for spot Ethereum Exchange Traded Funds (ETFs), leaving the future of these investment vehicles shrouded in uncertainty.