{"id":387211,"date":"2019-06-24T03:08:48","date_gmt":"2019-06-24T03:08:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=387211"},"modified":"2024-06-11T13:05:38","modified_gmt":"2024-06-11T13:05:38","slug":"ethereum-eth-price-range-moves-before-higher","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-price-range-moves-before-higher\/","title":{"rendered":"Ethereum (ETH) Price Struggling Below $320: Range Moves Before Higher?"},"content":{"rendered":"
Ethereum price is currently consolidating gains in a broad range versus the US Dollar, just like bitcoin<\/a>. ETH price must stay above $295 and $290 to climb higher once again.<\/em><\/p>\n This past week, we saw solid gains in bitcoin<\/a> and Ethereum above $300 and $10,000 respectively against the US Dollar. The ETH\/USD pair gained momentum above the $305 and $310 levels. There was even a close above the $300 level and the 100 hourly simple moving average. The price traded close to the $320 level and a swing high was formed near $318.<\/p>\n It seems like the price struggled to continue above the $315-320 resistance area. As a result, there was a downside correction below the $310 level. There was a break below a major bullish trend line with support near $310 on the hourly chart of ETH\/USD. Ethereum price even declined below the $300 support levels. However, the 100 hourly SMA acted as a strong support near the $295 level.<\/p>\n A swing low is formed at $295 and the price is currently moving higher. It is trading above the 23.6% Fib retracement level of the downward move from the $318 high to $295 swing low. On the upside, there are a few hurdles for the bulls near $306 and $310. The 50% Fib retracement level of the downward move from the $318 high to $295 swing low is near the $306 level to prevent upsides.<\/p>\n Moreover, the main resistance is near the $310 level. Therefore, ETH must climb above the $310 level to start a fresh increase. The next key resistances are near $315 and $320, above which the price may perhaps accelerate higher.<\/p>\nEthereum Price Analysis<\/h2>\n