{"id":371022,"date":"2019-02-11T04:08:34","date_gmt":"2019-02-11T04:08:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=371022"},"modified":"2024-06-11T13:33:26","modified_gmt":"2024-06-11T13:33:26","slug":"ethereum-price-analysis-dips-in-eth-remain-attractive","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-analysis-dips-in-eth-remain-attractive\/","title":{"rendered":"Ethereum Price Analysis: Dips In ETH Remain Attractive"},"content":{"rendered":"
Ethereum price is placed nicely in an uptrend against the US Dollar and bitcoin. ETH\/USD could correct a few points, but dips remain attractive in the near term near $116.<\/em><\/p>\n In the weekly analysis, we discussed the chances of more gains<\/a> above $120 in ETH price against the US Dollar. The ETH\/USD pair corrected a few points, found support near the $115 level, and finally bounced back. It gained pace above the $116 and $118 resistance levels. Buyers were successful in clearing the key $120 resistance to set the pace for a new monthly high. More importantly, the price stayed well above the $114 support and the 100 hourly simple moving average.<\/p>\n During the rise, there was a break above a major bearish trend line with resistance near $117 on the hourly chart of ETH\/USD. The pair broke the $122 swing high and traded to a new monthly high at $125. Later, there was a sharp downside correction below the $122 level. The price traded below the 50% Fib retracement level of the last wave from the $114 low to $125 high. However, the previous resistance near the $120 level acted as a support. Besides, the 61.8% Fib retracement level of the last wave from the $114 low to $125 high prevented losses. At the outset, the price is slightly bearish and it could correct further<\/a> towards the $116 level.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n