{"id":381543,"date":"2019-05-10T03:18:30","date_gmt":"2019-05-10T03:18:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381543"},"modified":"2024-06-11T13:05:00","modified_gmt":"2024-06-11T13:05:00","slug":"ethereum-eth-price-could-break-175-bitcoin-climbs-towards-6-4k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-price-could-break-175-bitcoin-climbs-towards-6-4k\/","title":{"rendered":"Ethereum (ETH) Price Could Break $175 As Bitcoin Climbs Towards $6.4K"},"content":{"rendered":"
Ethereum price is trading sideways with positive signs versus the US Dollar, but declined further vs bitcoin<\/a>. ETH remains supported above $164 and it might soon climb above $172 and $175.<\/em><\/p>\n In the past three sessions, there were mostly range moves in Ethereum price above $164 against the US Dollar. The ETH\/USD pair slowly moved higher and broke the $168 resistance and the 100 hourly simple moving average. There was also a break above the $170 level, but the price struggled near $173 plus the 50% Fib retracement level of the downside move from the $180 high to $164 low. The price retreated from the $173 swing high and revisited the $165 support area<\/a>.<\/p>\n Recently, it bounced back above $168 and the 100 hourly SMA. Moreover, there was a break above a key bearish trend line with resistance at $168 on the hourly chart of ETH\/USD. The pair traded above the 61.8% Fib retracement level of the recent slide from the $173 high to $165 low. However, the bulls seem to be struggling to gain bullish momentum above $172 and $173. ETH price is currently trading in a range and it could even dip a few points towards the $167 or $165 support.<\/p>\n To start a solid upward move, the price must clear the $172 and $173 levels. However, the main resistance is near $175, above which the price could trade towards the $180 resistance level. On the downside, an initial support is at $167, below which the price might retest the $165 support level.<\/p>\n <\/p>\nEthereum Price Analysis<\/h2>\n