{"id":372168,"date":"2019-02-21T04:08:42","date_gmt":"2019-02-21T04:08:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=372168"},"modified":"2024-06-11T13:07:41","modified_gmt":"2024-06-11T13:07:41","slug":"ethereum-price-analysis-eth-primed-to-break-150-and-155","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-analysis-eth-primed-to-break-150-and-155\/","title":{"rendered":"Ethereum Price Analysis: ETH Primed To Break $150 and $155"},"content":{"rendered":"<ul>\n<li>ETH price remained well supported above the $138 and $140 levels against the US Dollar.<\/li>\n<li>The price recovered, but it struggled to break the $148 and $149 resistance levels.<\/li>\n<li>There is a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair remains well bid and it is likely to break the $148 and $150 resistance levels in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum price is trading nicely in a positive zone against the US Dollar and bitcoin. ETH\/USD will most likely break the $150 resistance and it could even surpass the $155 level.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>Yesterday, we saw a downside correction in ETH price from the $149 and $150 resistances against the US Dollar. The ETH\/USD pair declined below the $144 support level, but the $138 and $140 levels acted as a <a href=\"https:\/\/uniquehot.com\/2019\/02\/20\/ethereum-price-analysis-eth-remains-buy-on-dips-100-sma-holds-key\/\" target=\"_blank\" rel=\"noopener \">solid buy zone<\/a>. As a result, the pair bounced back and traded above the $144 and $146 levels. However, sellers remained in control near the $148 and $149 resistance levels. There was no successful break above the $148 and $150 barriers. The last swing high was formed just below $149 and the price is currently correcting lower.<\/p>\n<p>It already tested the 50% Fib retracement level of the last wave from the $140 swing low to $149 swing high. On the downside, there are many supports near the $143 and $144 levels. There is also a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH\/USD. Besides, the 61.8% Fib retracement level of the last wave from the $140 swing low to $149 swing high is also near the $143 level. Therefore, the $143 support is likely to act as a strong support.<\/p>\n<p>Below $143, the next major support is near the $140 area, followed by $138. The <a href=\"https:\/\/uniquehot.com\/2019\/02\/19\/ethereum-price-analysis-eth-rally-takes-break-uptrend-intact-above-140\/\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a> is also close to the $138 level to act as a support. As long as the price is trading above the $138 swing low, it remains supported for more gains. However, buyers need to take out the $148 and $149 resistance levels for further gains.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-372169\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ethereum-18.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, ETH price is clearly eyeing an upside break above the $148 and $150 resistances. Once buyers succeed in gaining strength above $150, the price could even break the $155 level in the near term. The next target could be $162.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is currently flat in the bullish zone, with a few positive signs.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD declined recently and tested the 50 level, with a flat structure.<\/p>\n<p>Major Support Levels \u2013 $143 and $138.<\/p>\n<p>Major Resistance Levels \u2013 $148, $149 and $150.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price remained well supported above the $138 and $140 levels against the US Dollar. The price recovered, but it struggled to break the $148 and $149 resistance levels. There is a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH\/USD (data feed via Kraken). The pair remains well bid and it is likely to break the $148 and $150 resistance levels in the near term. Ethereum price is trading nicely in a positive zone against the US Dollar and bitcoin. ETH\/USD will most likely break the $150 resistance and it could even surpass the $155 level. Ethereum Price Analysis Yesterday, we saw a downside correction in ETH price from the $149 and $150 resistances against the US Dollar. The ETH\/USD pair declined below the $144 support level, but the $138 and $140 levels acted as a solid buy zone. As a result, the pair bounced back and traded above the $144 and $146 levels. However, sellers remained in control near the $148 and $149 resistance levels. There was no successful break above the $148 and $150 barriers. The last swing high was formed just below $149 and the price is currently correcting lower. It already tested the 50% Fib retracement level of the last wave from the $140 swing low to $149 swing high. On the downside, there are many supports near the $143 and $144 levels. There is also a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH\/USD. Besides, the 61.8% Fib retracement level of the last wave from the $140 swing low to $149 swing high is also near the $143 level. Therefore, the $143 support is likely to act as a strong support. Below $143, the next major support is near the $140 area, followed by $138. The 100 hourly simple moving average is also close to the $138 level to act as a support. As long as the price is trading above the $138 swing low, it remains supported for more gains. However, buyers need to take out the $148 and $149 resistance levels for further gains. Looking at the chart, ETH price is clearly eyeing an upside break above the $148 and $150 resistances. Once buyers succeed in gaining strength above $150, the price could even break the $155 level in the near term. The next target could be $162. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is currently flat in the bullish zone, with a few positive signs. Hourly RSI &#8211; The RSI for ETH\/USD declined recently and tested the 50 level, with a flat structure. Major Support Levels \u2013 $143 and $138. Major Resistance Levels \u2013 $148, $149 and $150.<\/p>\n","protected":false},"author":67,"featured_media":328919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946],"class_list":["post-372168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Price Analysis: ETH Primed To Break $150 and $155<\/title>\n<meta name=\"description\" content=\"Ethereum price is trading nicely in a positive zone against the US Dollar and bitcoin. 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