{"id":381747,"date":"2019-05-12T04:08:17","date_gmt":"2019-05-12T04:08:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381747"},"modified":"2024-06-11T13:04:49","modified_gmt":"2024-06-11T13:04:49","slug":"ethereum-eth-price-bulls-target-220","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/","title":{"rendered":"Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher"},"content":{"rendered":"<ul>\n<li>ETH price broke the main hurdle near the $178 and $180 resistance levels against the US Dollar.<\/li>\n<li>The price even broke the $200 resistance level before starting a downside correction.<\/li>\n<li>There is a major bullish trend line in place with support near $178 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair remains well supported on dips and it could rally strongly above $200 and $210.<\/li>\n<\/ul>\n<p><em>Ethereum price finally gained bullish momentum versus the US Dollar, along with <a href=\"https:\/\/uniquehot.com\/2019\/05\/11\/crypto-market-hits-200-billion-bitcoin-rallies-to-7k-bch-ltc-eos-ada-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. ETH seems to be eyeing a larger upward move above the $200 resistance level.<\/em><\/p>\n<h2>Ethereum Price Weekly Analysis<\/h2>\n<p>This past week, Ethereum price struggled on many occasions to clear the $172 resistance against the US Dollar. However, the recent sharp rise in <a href=\"https:\/\/uniquehot.com\/2019\/05\/11\/bitcoin-btc-price-hits-6-5k-real-test-ahead\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price<\/a> above the $7,000 level triggered an upside break. The ETH\/USD pair broke the $172 and $178 resistance levels to move into a positive zone. The upward move was strong since the price even surged above the $190 level and settled well above the 100 simple moving average (4-hours). The bulls pushed the price above the $200 level and a new monthly high was formed near the $206 level.<\/p>\n<p>Later, there was a sharp downside correction below the $200 and $190 levels. The price traded below the 50% Fib retracement level of the last wave from the $169 swing low to $206 high. There was a spike below the $188 level, but the $184 level acted as a support. ETH price tagged the 61.8% Fib retracement level of the last wave from the $169 swing low to $206 high, and recently bounced back. On the downside, there are <a href=\"https:\/\/uniquehot.com\/2019\/05\/10\/ethereum-eth-price-could-break-175-bitcoin-climbs-towards-6-4k\/\" target=\"_blank\" rel=\"noopener noreferrer \">many supports<\/a> near $185, $180 and $178. There is also a major bullish trend line in place with support near $178 on the 4-hours chart of ETH\/USD.<\/p>\n<p>The pair is already recovering and it is trading above the $188 and $190 levels. An initial resistance is near the $195 level, above which the price could break the $200 level.\u00a0 A daily close above the $200 level might start a larger upward move. The next key resistances for the bulls are near $210 and $220.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381749\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?resize=1828%2C868\" alt=\"Ethereum Price Weekly Analysis ETH Chart \" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ethereum-9.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>The above <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a> indicates that Ethereum is well supported above the $185 and $180 levels. There might be a few swing moves, but the price will most likely climb above $200. The main target for the bulls could be $220 or even $225 in the near term.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD for ETH\/USD is currently gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI &#8211; The RSI for ETH\/USD is now well above the 70 level and it could move further higher.<\/p>\n<p>Major Support Level \u2013 $185<\/p>\n<p>Major Resistance Level \u2013 $200<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price broke the main hurdle near the $178 and $180 resistance levels against the US Dollar. The price even broke the $200 resistance level before starting a downside correction. There is a major bullish trend line in place with support near $178 on the 4-hours chart of ETH\/USD (data feed via Kraken). The pair remains well supported on dips and it could rally strongly above $200 and $210. Ethereum price finally gained bullish momentum versus the US Dollar, along with bitcoin. ETH seems to be eyeing a larger upward move above the $200 resistance level. Ethereum Price Weekly Analysis This past week, Ethereum price struggled on many occasions to clear the $172 resistance against the US Dollar. However, the recent sharp rise in bitcoin price above the $7,000 level triggered an upside break. The ETH\/USD pair broke the $172 and $178 resistance levels to move into a positive zone. The upward move was strong since the price even surged above the $190 level and settled well above the 100 simple moving average (4-hours). The bulls pushed the price above the $200 level and a new monthly high was formed near the $206 level. Later, there was a sharp downside correction below the $200 and $190 levels. The price traded below the 50% Fib retracement level of the last wave from the $169 swing low to $206 high. There was a spike below the $188 level, but the $184 level acted as a support. ETH price tagged the 61.8% Fib retracement level of the last wave from the $169 swing low to $206 high, and recently bounced back. On the downside, there are many supports near $185, $180 and $178. There is also a major bullish trend line in place with support near $178 on the 4-hours chart of ETH\/USD. The pair is already recovering and it is trading above the $188 and $190 levels. An initial resistance is near the $195 level, above which the price could break the $200 level.\u00a0 A daily close above the $200 level might start a larger upward move. The next key resistances for the bulls are near $210 and $220. The above chart indicates that Ethereum is well supported above the $185 and $180 levels. There might be a few swing moves, but the price will most likely climb above $200. The main target for the bulls could be $220 or even $225 in the near term. Technical Indicators 4 hours MACD \u2013 The MACD for ETH\/USD is currently gaining momentum in the bullish zone. 4 hours RSI &#8211; The RSI for ETH\/USD is now well above the 70 level and it could move further higher. Major Support Level \u2013 $185 Major Resistance Level \u2013 $200<\/p>\n","protected":false},"author":67,"featured_media":166436,"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-381747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher<\/title>\n<meta name=\"description\" content=\"Ethereum price finally gained bullish momentum versus the US Dollar, along with bitcoin. 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ETH seems to be eyeing a larger upward move above the $200 resistance level.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-12T04:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:04:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis10.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher\",\"datePublished\":\"2019-05-12T04:08:17+00:00\",\"dateModified\":\"2024-06-11T13:04:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/\"},\"wordCount\":418,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis10.jpg?fit=1200%2C741\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/\",\"name\":\"Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-bulls-target-220\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ethereum_Price_ETH_USD_Analysis10.jpg?fit=1200%2C741\",\"datePublished\":\"2019-05-12T04:08:17+00:00\",\"dateModified\":\"2024-06-11T13:04:49+00:00\",\"description\":\"Ethereum price finally gained bullish momentum versus the US Dollar, along with bitcoin. 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