Ethereum Price Analysis: ETH/USD Struggling To Hold Gains Above $210

2018-11-5 09:28

Key Highlights

ETH price gained traction recently and rallied above $212 against the US Dollar. There are two connecting bullish trend lines formed with support at $206 and $204 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to stay above the $210 level and it could test the $204 support.

Ethereum price is showing positive signs against the US Dollar and bitcoin. ETH/USD may correct lower in the short term towards $206 or $204.

Ethereum Price Analysis

There was a solid support base formed near $198 in ETH price against the US Dollar. The ETH/USD pair started an upward move and traded above the $205, $212 and $216 levels. The upside move was strong as there was a close above the $205 level and the 100 hourly simple moving average. The price traded as high as $218 and later started a sharp downside correction.

It moved below the 50% Fib retracement level of the recent wave from the $198 low to $218 high. The recent decline was sharp, but the price is now approaching the $204-206 support area. There are also two connecting bullish trend lines formed with support at $206 and $204 on the hourly chart of ETH/USD. The second trend line is close to the 61.8% Fib retracement level of the recent wave from the $198 low to $218 high. Therefore, if the price continues to decline, it could find a solid support near the $204-206 zone. Below $204, the price may test the $200 handle.

Looking at the chart, ETH price clearly struggled to stay above $210, but it is still well supported above $204. On the upside, an initial resistance is at $212, above which the price could trade past $215. The main hurdle for the current rally is near the $221 level.

Hourly MACD – The MACD is moving back in the bearish zone.

Hourly RSI – The RSI is currently well above the 50 level.

Major Support Level – $204

Major Resistance Level – $212

The post Ethereum Price Analysis: ETH/USD Struggling To Hold Gains Above $210 appeared first on NewsBTC.

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above eth 210 price usd struggling ethereum

Источник: newsbtc.com

above eth → Результатов: 126


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2019-5-21 22:30


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


Фото:

Bitcoin Price Too Cool for School, Altcoins Can’t Hang

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