– <\/strong>The RSI for ETH\/USD is currently just above the 50 level, with a few positive signs.<\/p>\nMajor Support Level \u2013 $144<\/p>\n
Major Resistance Level \u2013 $152<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar. The price is likely to rally significantly once there is a clear break above $152. There is a key bullish trend line forming with support near $148 on the hourly chart of ETH\/USD (data feed via Kraken). The price could dip a few points, but it remains supported near $148 and $145. Ethereum price is trading with a positive bias versus the US Dollar, similar to bitcoin. ETH price needs to rally above $152 to continue higher in the coming sessions. Ethereum Price Analysis After forming a support base above $144, Ethereum started a decent upward move against the US Dollar. ETH price is rising steadily and it recently climbed above the $148 resistance area. Moreover, there was a break above the $150 resistance and the 100 hourly simple moving average. However, the price ran into a crucial resistance area near $152, where the bears protected further upsides. A high is forming near $152 and the price is currently correcting lower. An immediate support is near the $149.50 area. Besides, the 50% Fib retracement level of the upward move from the $146 swing low to $152 high is also near $149. More importantly, there is a key bullish trend line forming with support near $148 on the hourly chart of ETH\/USD. Therefore, Ethereum is likely to find a strong buying interest near the $149 and $148 levels. Additionally, the 61.8% Fib retracement level of the upward move from the $146 swing low to $152 high is near the $148 level and the 100 hourly simple moving average. If there is a downside break below the $148 support, the price could continue to move down towards the main $144 support area in the near term. Conversely, the bulls are likely to make another attempt to surpass the $152 resistance area. In the mentioned case, there are high chances of a sharp rally above the $152 and $155 resistance levels. The next major resistance is near the $158 level. Thus, a successful close above $158 could signal a trend change in the medium term and the price could climb towards $172. Looking at the chart, Ethereum price is trading in a positive zone above the $148 and $144 support levels. In the short term, there could be a downside correction, but the price is likely to bounce back. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly moving back into the bearish zone. Hourly RSI – The RSI for ETH\/USD is currently just above the 50 level, with a few positive signs. Major Support Level \u2013 $144 Major Resistance Level \u2013 $152<\/p>\n","protected":false},"author":67,"featured_media":344604,"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-406572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n
Ethereum (ETH) Bulls Eye Crucial Bullish Break<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n