{"id":396365,"date":"2019-09-18T03:08:24","date_gmt":"2019-09-18T03:08:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=396365"},"modified":"2024-06-11T13:25:31","modified_gmt":"2024-06-11T13:25:31","slug":"ethereum-eth-ripple-xrp-surge-sparks-fresh-rally-in-altcoins","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-ripple-xrp-surge-sparks-fresh-rally-in-altcoins\/","title":{"rendered":"Ethereum (ETH) &amp; Ripple (XRP) Surge Sparks Fresh Rally In Altcoins"},"content":{"rendered":"<ul>\n<li>ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar.<\/li>\n<li>Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels.<\/li>\n<li>There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair is showing a lot of bullish signs and it might even surpass the $215 resistance level.<\/li>\n<\/ul>\n<p><em>Ethereum price is up close to 8% and <a href=\"https:\/\/ktsl888.com\/2019\/09\/17\/ripple-price-xrp-facing-uphill-task-can-bulls-make-it\/\" target=\"_blank\" rel=\"noopener noreferrer \">ripple<\/a> surged 18% versus the US Dollar, while <a href=\"https:\/\/ktsl888.com\/2019\/09\/17\/bitcoin-price-btc-at-clear-risk-of-further-declines\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> is consolidating. ETH price could continue to grind higher towards $225.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, there was a sharp rise in ETH price above the $195 resistance against the US Dollar. Later, the price even touched the $200 level before starting a consolidation phase. Finally, the price broke to the upside and surpassed the $200 barrier. It opened the doors for more gains above the $205 and $210 resistance levels. A new weekly high was formed near $215 before the price started a downside correction.<\/p>\n<p>Besides, ripple price performed really well and surged more than 15%. XRP broke the $0.2650 resistance (as discussed yesterday), opening the doors for a massive upward move. Looking at Ethereum, the price corrected gains recently after setting a new monthly high near $215. The price declined below the $210 level. Moreover, there was a break below the 23.6% Fib retracement level of the recent wave from the $196 low to $215 high.<\/p>\n<p>However, the $208 level acted as a support and prevented additional losses. On the downside, there are many supports near $208 and $206. There is also a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH\/USD. The 50% Fib retracement level of the recent wave from the $196 low to $215 high is also sitting tight near the $206 level.<\/p>\n<p>Therefore, the price remains well supported near $208 and $206. Below the $206 support, the price could test the $200 support area. On the upside, an immediate resistance is near the $215 level. If there is an upside break above $215, the price could continue to rise towards the $220 and $225 levels.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396366\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/09\/Ethereum-14.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is showing a lot of bullish signs and it might even surpass the $215 resistance level. The next targets for the bulls may perhaps be near the $225 level. On the downside, the main supports are near $208 and $206.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is still showing positive signs in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently well above the 60 level.<\/p>\n<p>Major Support Level \u2013 $206<\/p>\n<p>Major Resistance Level \u2013 $215<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar. Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels. There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is showing a lot of bullish signs and it might even surpass the $215 resistance level. Ethereum price is up close to 8% and ripple surged 18% versus the US Dollar, while bitcoin is consolidating. ETH price could continue to grind higher towards $225. Ethereum Price Analysis Yesterday, there was a sharp rise in ETH price above the $195 resistance against the US Dollar. Later, the price even touched the $200 level before starting a consolidation phase. Finally, the price broke to the upside and surpassed the $200 barrier. It opened the doors for more gains above the $205 and $210 resistance levels. A new weekly high was formed near $215 before the price started a downside correction. Besides, ripple price performed really well and surged more than 15%. XRP broke the $0.2650 resistance (as discussed yesterday), opening the doors for a massive upward move. Looking at Ethereum, the price corrected gains recently after setting a new monthly high near $215. The price declined below the $210 level. Moreover, there was a break below the 23.6% Fib retracement level of the recent wave from the $196 low to $215 high. However, the $208 level acted as a support and prevented additional losses. On the downside, there are many supports near $208 and $206. There is also a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH\/USD. The 50% Fib retracement level of the recent wave from the $196 low to $215 high is also sitting tight near the $206 level. Therefore, the price remains well supported near $208 and $206. Below the $206 support, the price could test the $200 support area. On the upside, an immediate resistance is near the $215 level. If there is an upside break above $215, the price could continue to rise towards the $220 and $225 levels. Looking at the chart, Ethereum price is showing a lot of bullish signs and it might even surpass the $215 resistance level. The next targets for the bulls may perhaps be near the $225 level. On the downside, the main supports are near $208 and $206. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is still showing positive signs in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently well above the 60 level. Major Support Level \u2013 $206 Major Resistance Level \u2013 $215<\/p>\n","protected":false},"author":67,"featured_media":170353,"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-396365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum (ETH) &amp; Ripple (XRP) Surge Sparks Fresh Rally In Altcoins<\/title>\n<meta name=\"description\" content=\"Ethereum price is up close to 8% and ripple surged 18% versus the US Dollar, while bitcoin is consolidating. 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