Ethereum Highly Bullish And Primed To Surge Towards $220<\/title>\n<meta name=\"description\" content=\"Ethereum is trading in a bullish zone above the $195 level. ETH will most likely clear the $200 resistance for a run towards the $220 level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/ethereum-eth-highly-bullish-surge-towards-220\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Highly Bullish And Primed To Surge Towards $220\" \/>\n<meta property=\"og:description\" content=\"Ethereum is trading in a bullish zone above the $195 level. 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{"id":422184,"date":"2020-04-29T04:38:08","date_gmt":"2020-04-29T04:38:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=422184"},"modified":"2024-06-11T13:48:04","modified_gmt":"2024-06-11T13:48:04","slug":"ethereum-eth-highly-bullish-surge-towards-220","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-highly-bullish-surge-towards-220\/","title":{"rendered":"Ethereum Highly Bullish And Primed To Surge Towards $220"},"content":{"rendered":"

Ethereum is trading in a bullish zone above the $195 level against the US Dollar. ETH will most likely clear the $200 resistance for a run towards the $220 level.<\/em><\/p>\n

\n
Ethereum is showing a lot of positive signs above the $195 support zone.<\/li>\n
The price is currently attempting an upside break above the $200 resistance area.<\/li>\n
There was a break above a major contracting triangle with resistance near $197 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could surge above the $200 barrier and test the next hurdle at $220.<\/li>\n<\/ul>\n
Ethereum Price Likely to Rally Further<\/h2>\n
In the past few sessions, Ethereum price remained in a broad range<\/a> above the $190 level against the US Dollar. ETH bears made a couple of attempts to push the price below the $190 and $188 support levels, but they failed.<\/p>\n
The last swing low was formed near $188 before the price regained bullish momentum. It climbed back above the $190 level and the 100 hourly simple moving average. The bulls were able to clear the $195 hurdle for a trend reversal.<\/p>\n
Moreover, there was a break above a major contracting triangle with resistance near $197 on the hourly chart<\/a> of ETH\/USD. The pair even surpassed the 76.4% Fib retracement level of the downward move from the $200 swing high to $188 low.<\/p>\n
$\"Ethereum$ <\/a>
Ethereum Price<\/figcaption><\/figure>\n
Ethereum is now trading near the $200 resistance<\/a> and attempting an upside break. If the bulls gain strength, the price is likely to continue higher. An immediate resistance is near the $208 level since it is close to the 1.236 Fib extension level of the downward move from the $200 swing high to $188 low.<\/p>\n
Any further gains above $208 could lead the price towards the next key resistance near the $220 level in the near term. An intermediate resistance for Ether may perhaps be $212.<\/p>\n
Dips Supported<\/h2>\n
If Ethereum continues to struggle near the $200 resistance, there could be a downside correction. An initial support is near the $195 level and the triangle lower trend line.<\/p>\n
The next major support is near the $193 level and the 100 hourly SMA. To start a substantial decline, the bears need a clear break below the $190 and $188 support levels.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is currently gaining strength in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now well above the 55 level.<\/p>\n
Major Support Level \u2013 $193<\/p>\n
Major Resistance Level \u2013 $200<\/p>\n
Image from unsplash<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is trading in a bullish zone above the $195 level against the US Dollar. ETH will most likely clear the $200 resistance for a run towards the $220 level. Ethereum is showing a lot of positive signs above the $195 support zone. The price is currently attempting an upside break above the $200 resistance area. There was a break above a major contracting triangle with resistance near $197 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could surge above the $200 barrier and test the next hurdle at $220. Ethereum Price Likely to Rally Further In the past few sessions, Ethereum price remained in a broad range above the $190 level against the US Dollar. ETH bears made a couple of attempts to push the price below the $190 and $188 support levels, but they failed. The last swing low was formed near $188 before the price regained bullish momentum. It climbed back above the $190 level and the 100 hourly simple moving average. The bulls were able to clear the $195 hurdle for a trend reversal. Moreover, there was a break above a major contracting triangle with resistance near $197 on the hourly chart of ETH\/USD. The pair even surpassed the 76.4% Fib retracement level of the downward move from the $200 swing high to $188 low. Ethereum is now trading near the $200 resistance and attempting an upside break. If the bulls gain strength, the price is likely to continue higher. An immediate resistance is near the $208 level since it is close to the 1.236 Fib extension level of the downward move from the $200 swing high to $188 low. Any further gains above $208 could lead the price towards the next key resistance near the $220 level in the near term. An intermediate resistance for Ether may perhaps be $212. Dips Supported If Ethereum continues to struggle near the $200 resistance, there could be a downside correction. An initial support is near the $195 level and the triangle lower trend line. The next major support is near the $193 level and the 100 hourly SMA. To start a substantial decline, the bears need a clear break below the $190 and $188 support levels. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is currently gaining strength in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now well above the 55 level. Major Support Level \u2013 $193 Major Resistance Level \u2013 $200 Image from unsplash<\/p>\n","protected":false},"author":67,"featured_media":422186,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625,4],"tags":[1946,8686],"class_list":["post-422184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","category-analysis","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\nEthereum Highly Bullish And Primed To Surge Towards $220<\/title>\n<meta name=\"description\" content=\"Ethereum is trading in a bullish zone above the $195 level. 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