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First Price Analysis: ETH Bulls Eye Fresh Highs Over $ 145




  • ETH lowered recently and tested the $ 39 support area against US dollars.
  • The price found a strong buying rate close to $ 139 and it was recently bounced back.
  • There was a pause over a falling channel with resistance of $ 141 on the ETH / USD hourly data (Kraken data feed).
  • The couple is currently trading over the $ 142 level, and it can continue to rise against the $ 145 opposition.

The Ethereum Prize remained over important backers against the US dollar and bitcoin. ETH once again moves, and it seems that bulls see a break over the $ 145 swing high.

Ethereum Price Analysis

Recently, the ETH Prize started a lower correction after testing $ 1[ads1]45-146 resistance areas against US dollars. ETH / USD pair adjusted below $ 143 and $ 142 levels. The price even broke the support level of $ 140 and tested the key area $ 139 support area. Buyers emerged near the $ 139 support and the 100-hour simple moving average. After a downside spike, the prize started a fresh upward movement and traded over $ 140 resistance level.

Later there was a pause over a falling channel with resistance of $ 141 on the ETH / USD hour chart. The couple spiked over the 50% Fib retracement level of the last decline from the $ 145 swing high to the $ 139 swing low. The Ethereum Prize surpassed the $ 142 level, but it faced obstacles near the $ 143 level. The 61.8% Fib Claw level of the latest decline from the $ 145 swing high to the $ 139 swing low also appeared as a resistance. Currently, the price today is consolidating gains over $ 142 and it can dive a few points.

On the downside, the support levels of $ 142 and $ 141 can prevent decline. On the upside, a clear break over the $ 143 opposition could push the price against the $ 145 resistance area. Over $ 145, the next target for buyers could be close to the $ 150 level. In the back, if there is an increase in sales price, the price can go back to the $ 139 support and the 100 hour SMA.

 Ethereum Price Analysis ETH Chart

Look at the chart, the Ethereum price It is clear to hold key support over the $ 139 level and the 100 hour SMA. If bulls fail to defend the $ 139 support, the price could enter a bearish zone. The next key support is near the $ 137 level (the previous pivot level). Overall, as long as the price is over $ 139, it can continue to increase to $ 145 and $ 150. 19659008] Hours RSI ETH / USD RSI is now moving higher towards the 70 level.

Large Support Level – $ 139

Major Resistance Level – $ 143



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