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Ethereum is following a strong bullish path above the $200 support against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards the $240 and $250 levels.<\/em><\/p>\n

\n
ETH price corrected lower from the $227 high, but found support near $202 against the US Dollar.<\/li>\n
It is currently rising and trading with a positive angle above the $212 level.<\/li>\n
There is a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to accelerate higher towards the $240 and $250 levels in the near term.<\/li>\n<\/ul>\n
Ethereum Price is in Bullish Zone<\/h2>\n
This past week, Ethereum surged above the $200 pivot area<\/a> against the US Dollar. ETH price gained bullish momentum above the $210 and $220 levels to move into a strong uptrend.<\/p>\n
There was a proper close above the $200 pivot level and the 100 simple moving average (4-hours). The price traded to a new monthly high near $227 before starting a downside correction<\/a>.<\/p>\n
Ethereum corrected sharply lower below the $220 and $212 levels. However, the $202 and $200 levels acted as strong buy zones. There is also a crucial bullish trend line forming with support near $212 on the 4-hours chart<\/a> of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a>
Ethereum Price<\/figcaption><\/figure>\n
A low is formed near the $202 level and the price is currently rising. There was a break above the $210 and $212 levels. ETH climbed above the 50% Fib retracement level of the downside correction from the $227 high to $202 low. On the upside, an initial hurdle is near the $218 and $220 levels.<\/p>\n
The 61.8% Fib retracement level of the downside correction from the $227 high to $202 low is also acting as a resistance. If there is a clear break above the $220 level, the price is likely to continue higher towards the $227 high or $230.<\/p>\n
Any further gains may perhaps open the doors for a larger rally towards the $240 and $250 resistance levels in the near term.<\/p>\n
Dips Remain Supported<\/h2>\n
Ethereum is likely to remain well bid above the $210 level and the bullish trend line. If there is a downside break below the trend line, it could revisit the $202 low.<\/p>\n
The main support is near the $200 pivot level. Any further losses might lead the price towards the $192 support or the 100 simple moving average (4-hours).<\/p>\n
Technical Indicators<\/p>\n
4 hours MACD \u2013 The MACD for ETH\/USD is moving back into the bullish zone.<\/p>\n
4 hours RSI – The RSI for ETH\/USD is currently well above the 50 level.<\/p>\n
Major Support Level \u2013 $212<\/p>\n
Major Resistance Level \u2013 $230<\/p>\n
Take advantage of the trading opportunities with Plus500<\/a><\/p>\n
Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum is following a strong bullish path above the $200 support against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards the $240 and $250 levels. ETH price corrected lower from the $227 high, but found support near $202 against the US Dollar. It is currently rising and trading with a positive angle above the $212 level. There is a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair is likely to accelerate higher towards the $240 and $250 levels in the near term. Ethereum Price is in Bullish Zone This past week, Ethereum surged above the $200 pivot area against the US Dollar. ETH price gained bullish momentum above the $210 and $220 levels to move into a strong uptrend. There was a proper close above the $200 pivot level and the 100 simple moving average (4-hours). The price traded to a new monthly high near $227 before starting a downside correction. Ethereum corrected sharply lower below the $220 and $212 levels. However, the $202 and $200 levels acted as strong buy zones. There is also a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH\/USD. A low is formed near the $202 level and the price is currently rising. There was a break above the $210 and $212 levels. ETH climbed above the 50% Fib retracement level of the downside correction from the $227 high to $202 low. On the upside, an initial hurdle is near the $218 and $220 levels. The 61.8% Fib retracement level of the downside correction from the $227 high to $202 low is also acting as a resistance. If there is a clear break above the $220 level, the price is likely to continue higher towards the $227 high or $230. Any further gains may perhaps open the doors for a larger rally towards the $240 and $250 resistance levels in the near term. Dips Remain Supported Ethereum is likely to remain well bid above the $210 level and the bullish trend line. If there is a downside break below the trend line, it could revisit the $202 low. The main support is near the $200 pivot level. Any further losses might lead the price towards the $192 support or the 100 simple moving average (4-hours). Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is moving back into the bullish zone. 4 hours RSI – The RSI for ETH\/USD is currently well above the 50 level. Major Support Level \u2013 $212 Major Resistance Level \u2013 $230 Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"author":67,"featured_media":422567,"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-422565","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 Gearing For Another Lift-Off to $250: Rally Isn't Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum is following a strong bullish path above the $200 support, similar to bitcoin. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Gearing For Another Lift-Off to $250: Rally Isn’t Over Yet","url":"http:\/\/ktsl888.com\/news\/ethereum-eth-gearing-for-lift-off-to-250\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum-eth-gearing-for-lift-off-to-250\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/shutterstock_214581778.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/shutterstock_214581778.jpg?fit=1000%2C667"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethereum","ethusd"],"dateCreated":"2020-05-03T06:08:21Z","datePublished":"2020-05-03T06:08:21Z","dateModified":"2024-06-11T13:48:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Gearing For Another Lift-Off to $250: Rally Isn’t Over Yet\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-eth-gearing-for-lift-off-to-250\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-eth-gearing-for-lift-off-to-250\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/shutterstock_214581778.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/shutterstock_214581778.jpg?fit=1000%2C667\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethereum\",\"ethusd\"],\"dateCreated\":\"2020-05-03T06:08:21Z\",\"datePublished\":\"2020-05-03T06:08:21Z\",\"dateModified\":\"2024-06-11T13:48:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/shutterstock_214581778.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/422565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=422565"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/422565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/422567"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=422565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=422565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=422565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}