{"id":422881,"date":"2020-05-06T04:38:33","date_gmt":"2020-05-06T04:38:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=422881"},"modified":"2024-06-11T13:48:19","modified_gmt":"2024-06-11T13:48:19","slug":"ethereum-eth-to-rally-220-or-higher","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-eth-to-rally-220-or-higher\/","title":{"rendered":"This Technical Breakout Could Send Ethereum To $220 or Higher"},"content":{"rendered":"
Ethereum is showing positive signs above the $202 and $200 support levels against the US Dollar. ETH price is likely to accelerate higher towards the $220 and $225 levels in the near term.<\/em><\/p>\n In the past few sessions, Ethereum remained well bid above the main $202 and $200 support levels<\/a> against the US Dollar. ETH price climbed above the $210 level, but it struggled to continue above $212.<\/p>\n A high was formed near $212 recently and the price corrected lower. There was a break below the $210 level and the 100 hourly simple moving average. The price even spiked below the 50% Fib retracement level of the upward move from the $195 swing low to $212 high.<\/p>\n However, the bulls defended the key $202 support zone. Ethereum also found support near the 61.8% Fib retracement level of the upward move from the $195 swing low to $212 high.<\/p>\n It is currently rising and testing the $207 resistance. There is also a key connecting bearish trend line forming with resistance near $207 on the hourly chart<\/a> of ETH\/USD. If Ether climbs above the $207 and $210 resistance levels, the bulls are likely to take control<\/a>.<\/p>\n\n
Ethereum Price Could Rise Sharply<\/h2>\n