{"id":407892,"date":"2019-12-19T03:08:44","date_gmt":"2019-12-19T03:08:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=407892"},"modified":"2024-06-11T13:06:10","modified_gmt":"2024-06-11T13:06:10","slug":"ethereum-eth-reversal-bitcoin-pump","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-reversal-bitcoin-pump\/","title":{"rendered":"Ethereum (ETH) Reversal On Cards, Bitcoin Pump Warning Went Well"},"content":{"rendered":"
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Ethereum is up more than 8% from the recent low of $115 against the US Dollar.<\/li>\n
The price is showing signs of a trend reversal, but it must surpass $135.<\/li>\n
Earlier, there was a break above a connecting bearish trend line with resistance near $122 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
Bitcoin rallied more than 10% and reversed most its losses from well above $7,000.<\/li>\n<\/ul>\n
Ethereum price is moving into the positive zone versus the US Dollar, while bitcoin already reclaimed $7,000. ETH price is likely to grind higher towards $135, $140 and $144.<\/em><\/p>\n
Ethereum Price Analysis<\/h2>\n
After a massive drop, Ethereum extended its decline below the $120 support against the US Dollar. ETH price tested the $115 zone and formed a new multi-month low.<\/p>\n