{"id":367413,"date":"2019-01-07T04:08:13","date_gmt":"2019-01-07T04:08:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=367413"},"modified":"2024-06-11T12:43:24","modified_gmt":"2024-06-11T12:43:24","slug":"ethereum-price-analysis-eth-could-make-sustained-move-higher","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-analysis-eth-could-make-sustained-move-higher\/","title":{"rendered":"Ethereum Price Analysis: ETH Could Make Sustained Move Higher 2019-01-07"},"content":{"rendered":"
Key Highlights<\/p>\n
Ethereum price is consolidating recent gains against the US Dollar and bitcoin. ETH\/USD may soon break the $160 resistance and continue to move higher.<\/em><\/p>\n Recently, there were bullish moves<\/a> in ETH price above the $145 support against the US Dollar. The ETH\/USD pair traded above the $150 and $154 resistance levels to move into a bullish zone. It even spiked above the $160 level and traded as high as $160.12. Later, it started a downside correction and traded below the $157 support. It also moved below the 23.6% Fib retracement level of the last wave from the $147 low to $160 high.<\/p>\n However, there are many supports on the downside near $154 and $150. Moreover, there is a crucial bullish trend line formed with support at $148 on the hourly chart of ETH\/USD. The 50% Fib retracement level of the last wave from the $147 low to $160 high is an intermediate support at $154. Lastly, the 100 hourly simple moving average is also placed near the $151 level. Therefore, there are many supports, starting with $154 and ending with $145. The price is likely to move higher<\/a> if buyers gain traction above $157 and $160. The next major resistance for buyers is near $165, which is the last major swing low.<\/p>\n <\/p>\nEthereum Price Analysis<\/h3>\n