Ethereum Price Analysis: Buying Dips Favored Above $170

  • Ethereum price surged higher this past week and broke the $175 and $182 resistances against the US Dollar.
  • ETH traded as high as $187 and later started a downside correction below the $180 level.
  • There is a crucial bullish trend line in place with support at $172 on the 4-hours chart (data feed from Coinbase).
  • The price remains in a decent uptrend and it could resume its upward move as long as it is above $170.

Ethereum price is trading with bullish moves above the $170 support against the US Dollar. ETH could bounce back and trade towards the $185 and $190 resistance levels in the near term.

Ethereum Price Analysis

This past week, we saw a solid bullish moves in Ethereum price above the $144 resistance against the US Dollar. The ETH/USD pair formed a strong support base above the $144 level and later rallied above the $158 resistance. There was even a close above the $158 level and the 55 simple moving average (4-hours). The price climbed higher sharply above the $165, $175 and…

Read Full Story : Live Bitcoin News

2019-04-09 08:08:47

What do you think?

0 points
Upvote Downvote

Written by Livebitcoinnews

Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users

World’s Fifth Largest Bank MUFG to Put Stablecoin to Practical Use in 2019