{"id":377569,"date":"2019-04-08T04:08:25","date_gmt":"2019-04-08T04:08:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=377569"},"modified":"2024-06-11T13:05:50","modified_gmt":"2024-06-11T13:05:50","slug":"ethereum-eth-price-signaling-bullish-breakout-buying-dips-favored","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-price-signaling-bullish-breakout-buying-dips-favored\/","title":{"rendered":"Ethereum (ETH) Price Signaling Bullish Breakout, Buying Dips Favored"},"content":{"rendered":"
Ethereum price climbed to a new yearly high, with swing moves versus the US Dollar and bitcoin<\/a>. ETH is likely to continue higher and buying dips close to $180 and $174 might be a good idea.<\/em><\/p>\n After a major downside correction, Ethereum price found support near the $154 area against the US Dollar. The ETH\/USD pair rebounded and slowly climbed above the $164 and $165 resistance levels. Later, there was a close above the $168 level and the 100 hourly simple moving average. Buyers gained control and pushed the price above the 61.8% Fib retracement level of the last drop from the $180 high to $154 swing low. It opened the doors for more gains above the $175 and $180 resistance levels.<\/p>\n Besides, there was a break above a major bearish trend line with resistance at $172 on the hourly chart of ETH\/USD. The pair broke the last swing high near $180 and traded to a new yearly high near $188. More importantly, it tested the 1.236 Fib extension level of the last drop from the $180 high to $154 swing low. At the outset, the price seems to be consolidating gains near $185. It could correct a few points towards the $180 support in the near term (the previous resistance).<\/p>\n If there is a downside extension, the price may even correct towards the $175 or $174 support area. The price remains well supported on dips and it seems like $180 or $175 support is likely to act as a strong buying area. On the upside, the price could surge above the $188 and $190 resistance levels. The next stop for Ethereum may be $200<\/a>, where sellers are likely to emerge.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n