Ethereum (ETH) Price Hits The $175 Target, $182 On The Horizon?

  • ETH price extended gains and rallied towards the $175 resistance area against the US Dollar.
  • The price pumped sharply above the $169 and $170 resistance levels to test $174.
  • There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains well supported on the downside near $170 and it could continue to rise towards $180.

Ethereum price climbed higher above key levels versus the US Dollar, along with bitcoin. ETH remains well bid and it seems like buyers could push the price towards $180 and $182.

Ethereum Price Analysis

Yesterday, we saw a strong rebound in Ethereum price above the $162 and $165 resistance levels against the US Dollar. The ETH/USD pair even tested the $170 resistance level and settled above 100 hourly simple moving average. Finally, the price broke the $169 and $170 resistance levels to extend the rally towards the $175 level (as discussed in yesterday’s analysis). The price tested the $174…

Read Full Story : NewsBTC

2019-04-18 04:08:34

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