{"id":371252,"date":"2019-02-13T04:08:58","date_gmt":"2019-02-13T04:08:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=371252"},"modified":"2024-06-11T13:07:53","modified_gmt":"2024-06-11T13:07:53","slug":"ethereum-price-analysis-eth-remains-in-strong-uptrend","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-analysis-eth-remains-in-strong-uptrend\/","title":{"rendered":"Ethereum Price Analysis: ETH Remains In Strong Uptrend"},"content":{"rendered":"
Ethereum price is placed nicely in a bullish trend against the US Dollar and bitcoin. ETH\/USD may continue to move higher towards $125 and $128 in the coming sessions.<\/em><\/p>\n Recently, we saw a short term downside correction<\/a> from the $125 high in ETH price against the US Dollar. The ETH\/USD pair traded below the $122 and $120 support levels. However, the $117-118 area acted as a strong support and prevented further losses. Downsides were contained and later the price moved back above the $119 resistance level. Besides, there was a break above the 50% Fib retracement level of the recent drop from the $125 high to $117 swing low.<\/p>\n The price even spiked above the $121 level and it is currently well above the 100 hourly simple moving average. However, the recent upward move faced sellers near the $122-123 zone. Additionally, the 61.8% Fib retracement level of the recent drop from the $125 high to $117 swing low acted as a resistance. The price is currently placed well above $120 and it seems like it may continue to move higher<\/a>. On the upside, the main resistances are near the $123 and $125 levels. On the downside, there is a major bullish trend line formed with support at $119 on the hourly chart of ETH\/USD.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n