{"id":381249,"date":"2019-05-08T03:18:30","date_gmt":"2019-05-08T03:18:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381249"},"modified":"2024-06-11T13:04:40","modified_gmt":"2024-06-11T13:04:40","slug":"ethereum-eth-price-back-to-support-binance-hack","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-price-back-to-support-binance-hack\/","title":{"rendered":"Ethereum (ETH) Price Back To Support After Binance Hack News"},"content":{"rendered":"
Ethereum price trimmed most its recent gains versus the US Dollar and bitcoin<\/a>. ETH tested the $164 support and it may soon bounce back above $170 in the coming sessions.<\/em><\/p>\n Yesterday, Ethereum price climbed above the key $170 and $175 resistance levels against the US Dollar. The ETH\/USD pair even broke the $178 level and settled above the 100 hourly simple moving average. It tested the $180 resistance zone, where sellers appeared. Later, there was a downward move below the $175 support level. The decline gathered pace after the report of 7,000 BTC hack from the cryptocurrency exchange, binance<\/a>. It fueled the downside and pushed the price below $169 and the 100 hourly SMA.<\/p>\n The price even broke the 61.8% Fib retracement level of the upward move from the $160 low to $180 high. Finally, the price found support near the $164 level and it is currently consolidating losses. An immediate resistance is near the $168 level and the 100 hourly SMA. Besides, the 23.6% Fib retracement level of the recent drop from the $180 high<\/a> to $164 low is also near the $168 level. Above $168, there are many hurdles near the $170 and $172 levels.<\/p>\n There is also a short term connecting bearish trend line in place with resistance at $172 on the hourly chart of ETH\/USD. The trend line coincides with the 50% Fib retracement level of the recent drop from the $180 high to $164 low. Therefore, a clear break above the $172 level is needed for the price to start a fresh increase. The next key resistances are near the $175 and $180 levels.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n