Ethereum Price Weekly Analysis: ETH Primed For Further Gains

  • ETH price broke a major resistance area near $133-134 to climb higher against the US Dollar.
  • The price settled above the key $134 resistance to move into a positive zone.
  • There was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is currently correcting lower, but it is likely to find a strong buying interest near $134.

Ethereum price is trading with a bullish bias versus the US Dollar and Bitcoin. ETH/USD climbed towards $144 and it is currently correcting lower towards key supports near $134.

Ethereum Price Analysis

This past week, there was a couple of swing moves towards the $128 level in ETH price against the US Dollar. Later, the ETH/USD pair formed a solid support near the $129 and $130 levels. Finally, buyers gained traction and broke the $132 resistance area to move into a positive zone. The upside move was strong as the price even broke the $134 level and the 100 simple moving average…

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2019-03-17 04:18:29

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