{"id":367653,"date":"2019-01-09T04:08:28","date_gmt":"2019-01-09T04:08:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=367653"},"modified":"2024-06-11T12:44:50","modified_gmt":"2024-06-11T12:44:50","slug":"ethereum-price-analysis-eth-consolidating-buyers-could-take-control","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-analysis-eth-consolidating-buyers-could-take-control\/","title":{"rendered":"Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control"},"content":{"rendered":"
Key Highlights<\/p>\n
Ethereum price is placed nicely above key supports against the US Dollar and bitcoin. ETH\/USD is likely to slowly move higher as long as it is above $146.<\/em><\/p>\n After testing the $159-160 resistance<\/a>, ETH price started a downside correction against the US Dollar. The ETH\/USD pair declined below the $156, $155 and $150 support levels. There was a test of the $146 support area, where buyers emerged. Later, the price started a fresh upward move and traded above the $150 level. There was a break above the $152 level and the 100 hourly simple moving average. Moreover, the price cleared the 23.6% Fib retracement level of the recent decline from the $160 high to $146 low.<\/p>\n However, there is a strong resistance formed near $154-155. Besides, there is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH\/USD. An initial resistance is near the $153 zone. It represents the 50% Fib retracement level of the recent decline<\/a> from the $160 high to $146 low. If there is a break above the $153 and $154 resistance levels, the price may climb towards the $157 level. It is close to the $156.50 pivot level and the 76.4% Fib retracement level of the recent decline.<\/p>\n <\/p>\nEthereum Price Analysis<\/h3>\n