chart<\/a>, ETH price clearly climbed above key hurdles near $90, which may now act as supports. On the upside, a break above $96-97 may push the price towards the $100 and $105 resistance levels.<\/p>\nHourly MACD \u2013 <\/strong>The MACD is slowly moving back in the bearish zone.<\/p>\nHourly RSI – <\/strong>The RSI is currently well above the 60 level.<\/p>\nMajor Support Level \u2013 $90<\/p>\n
Major Resistance Level \u2013 $97<\/p>\n","protected":false},"excerpt":{"rendered":"
Key Highlights ETH price traded higher recently and broke the $89-90 resistance area against the US Dollar. There was a break above a crucial bearish trend line with resistance at $87 on the hourly chart of ETH\/USD (data feed via Kraken). The pair traded as high as $97 and it is currently consolidating gains above $90. Ethereum price made a nice bullish move against the US Dollar and bitcoin. ETH\/USD is now trading in a bullish zone and it may find a strong support near $89-90. Ethereum Price Analysis After a minor downside correction from $88, ETH price found support near $83 against the US Dollar. The ETH\/USD pair formed a support base near $83 and later started a solid upside move. It jumped above the $86 resistance and the 100 hourly simple moving average. The upside move was strong as the price even managed to surpass a significant barrier near the $89-90 zone. Moreover, there was a break above a crucial bearish trend line with resistance at $87 on the hourly chart of ETH\/USD. The pair climbed above the $95 level and traded close to $97. It is currently correcting lower below the $95 level. The price is trading near the 23.6% Fib retracement level of the last wave from the $83 low to $97 high. However, there are many supports on the downside near the $89-90 zone. The previous resistance near $90 is likely to act as a strong support. Besides, the 50% Fib retracement level of the last wave from the $83 low to $97 high is near $90. Looking at the chart, ETH price clearly climbed above key hurdles near $90, which may now act as supports. On the upside, a break above $96-97 may push the price towards the $100 and $105 resistance levels. Hourly MACD \u2013 The MACD is slowly moving back in the bearish zone. Hourly RSI – The RSI is currently well above the 60 level. Major Support Level \u2013 $90 Major Resistance Level \u2013 $97<\/p>\n","protected":false},"author":67,"featured_media":328920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-365797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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