{"id":401887,"date":"2019-10-21T03:08:40","date_gmt":"2019-10-21T03:08:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=401887"},"modified":"2024-06-11T13:04:09","modified_gmt":"2024-06-11T13:04:09","slug":"ethereum-eth-could-recover-to-180-bitcoin-up-5","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-could-recover-to-180-bitcoin-up-5\/","title":{"rendered":"Ethereum (ETH) Could Recover To $180, Bitcoin Up 5%"},"content":{"rendered":"
Ethereum price is slowly climbing higher versus the US Dollar, while bitcoin<\/a> is up 5%. However, ETH price is likely to face a strong resistance near the $180 area.<\/em><\/p>\n This past week, Ethereum tested the $168 and $170 support levels on two occasions against the US Dollar. However, the bears were not able to gain strength below $168. As a result, there was a short term upside correction above the $172 resistance. More importantly, bitcoin rallied more than 5% and climbed above the key $8,200 resistance area.<\/p>\n During the rise, ETH price even broke the $175 resistance and the 100 hourly simple moving average. Moreover, there was a break above a key bearish trend line with resistance near $172 on the hourly chart of ETH\/USD. The pair tested the $177-178 area and it is currently consolidating gains. It is trading near the 23.6% Fib retracement level of the recent recovery from the $169 low to $176 high.<\/p>\n Additionally, it seems like the $175 level and the 100 hourly SMA are acting as supports. If there are more downsides, Ethereum price could test the $172 support area. Moreover, the 50% Fib retracement level of the recent recovery from the $169 low to $176 high is also near the $172 area to act as a major support. Any further losses could push the price back towards the key $168 support area.<\/p>\n On the upside, there are many important hurdles near the $178 and $180 levels. To move into a positive zone, the price has to move above the $180 resistance<\/a>. The next key resistance is near the $185 level, above which ETH could start a solid upward move.<\/p>\nEthereum Price Analysis<\/h2>\n