{"id":377245,"date":"2019-04-05T04:08:15","date_gmt":"2019-04-05T04:08:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=377245"},"modified":"2024-06-11T13:05:19","modified_gmt":"2024-06-11T13:05:19","slug":"ethereum-eth-price-holding-uptrend-support-can-buyers-bounce-back","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-price-holding-uptrend-support-can-buyers-bounce-back\/","title":{"rendered":"Ethereum (ETH) Price Holding Uptrend Support, Can Buyers Bounce Back?"},"content":{"rendered":"
Ethereum price traded in a range after starting a downside correction versus the US Dollar and bitcoin<\/a>. ETH could climb back up as long as it stays above the $153 or $150 support.<\/em><\/p>\n After a significant upward move, Ethereum price faced a strong resistance near the $180 level against the US Dollar. The ETH\/USD pair started a downside correction and traded below the $170 support level. Sellers even succeeded in pushing the price below the $165 support and the 100 hourly simple moving average. Finally, there was a break below the $160 level and the price tested the $153-154 area. A swing low was formed near $153.57 and later the price rebounded.<\/p>\n It broke the 23.6% Fib retracement level of the last decline from the $180 high to $153 swing low. However, the price failed to gain traction above the $165 resistance area (the previous support<\/a>). Besides, there was no proper test of the 50% Fib retracement level of the last decline from the $180 high to $153 swing low. This means the price may decline to a new swing low below $153.57 before it could rebound above $165. It is currently trading just above the $155 level and the 100 hourly simple moving average.<\/p>\n In the short term, there could be another dip towards $153 or even $150 before buyers appear again. In the worst case, the price might even drop towards the key $145 support area. On the upside, there is a short term bearish trend line formed with resistance at $160 on the hourly chart of ETH\/USD.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n