{"id":367203,"date":"2019-01-04T04:08:42","date_gmt":"2019-01-04T04:08:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=367203"},"modified":"2024-06-11T13:32:47","modified_gmt":"2024-06-11T13:32:47","slug":"ethereum-price-analysis-eth-holding-key-support-could-bounce-soon","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-analysis-eth-holding-key-support-could-bounce-soon\/","title":{"rendered":"Ethereum Price Analysis: ETH Holding Key Support, Could Bounce Soon"},"content":{"rendered":"
Key Highlights<\/p>\n
Ethereum price is holding key supports against the US Dollar and bitcoin. ETH\/USD is likely to bounce back above $155 as long as it is above $140.<\/em><\/p>\n Yesterday, ETH price traded close to the $157 level against the US Dollar. The ETH\/USD pair traded as high as $156.97 and later started a downside correction<\/a>. It declined below the $154 and $150 support levels. There was also a break below the 23.6% Fib retracement level of the recent leg from the $130 low to $157 high. However, the price found a strong support near the $144 level.<\/p>\n Moreover, there is a major bullish trend line formed with support at $145 on the hourly chart of ETH\/USD. The pair also tested the 50% Fib retracement level of the recent leg from the $130 low to $157 high. It is currently consolidating above the $144 level and the trend line. The price action is positive and it seems like the price may soon break the $150 and $154 levels. A break above the $154-155 zone could clear the path for more gains. On the downside, the trend line support, $144, and the 100 hourly simple moving average<\/a> hold the key. As long as the price is above $144 and $140, it could bounce back in the near term.<\/p>\n <\/p>\nEthereum Price Analysis<\/h3>\n