- ETH price corrected lower and found support near the $174 level against the US Dollar.
- The price found a strong buying interest and it is currently moving higher towards $185.
- Yesterday’s highlighted important bullish trend line is active with support at $175 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is showing positive signs above the $175 level and it could continue to move higher.
Ethereum price is holding key support levels versus the US Dollar and bitcoin. ETH is slowly climbing higher and it is likely to continue towards the $184 and $185 levels.
Ethereum Price Analysis
Recently, there was a fresh downside correction from the $188 swing high in Ethereum price against the US Dollar. The ETH/USD pair declined below the $184 and $180 support levels. The price even broke the $176 level, but it found a strong buying interest near the $174 level. Moreover, the 61.8% Fib retracement level of the last leg from the $164 low to $188 high acted as a support….
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