{"id":389220,"date":"2019-07-09T03:08:15","date_gmt":"2019-07-09T03:08:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=389220"},"modified":"2024-06-11T13:45:12","modified_gmt":"2024-06-11T13:45:12","slug":"bitcoin-rallies-10-ethereum-eth-price-now-eyes-325","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-rallies-10-ethereum-eth-price-now-eyes-325\/","title":{"rendered":"Bitcoin Rallies 10%, Ethereum (ETH) Price Now Eyes $325"},"content":{"rendered":"<ul>\n<li>ETH price is slowly moving higher and it recently broke the $310 resistance against the US Dollar.<\/li>\n<li>There are many supports on the downside near the $310 and $305 levels.<\/li>\n<li>There is a rising channel forming with support near $308 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>On the upside, the price could soon revisit the $325 resistance level or even $330.<\/li>\n<\/ul>\n<p><em>Ethereum price is moving higher with a positive angle versus the US Dollar, whereas <a href=\"https:\/\/uniquehot.com\/2019\/07\/08\/crypto-market-and-bitcoin-facing-hurdles-bitcoin-bch-eos-trx-ada-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> jumped 10%. ETH price is likely to continue higher and it could even test $325.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>In the past few sessions, there was a <a href=\"https:\/\/uniquehot.com\/2019\/07\/08\/bitcoin-btc-price-primed-for-more-gains-above-11500\/\" target=\"_blank\" rel=\"noopener noreferrer \">strong rise in bitcoin price<\/a> above $12,000 against the US Dollar, but Ethereum climbed slowly. The ETH\/USD pair remained stable above the $302 and $300 support. Moreover, there was a positive price action above the $305 level the 100 hourly simple moving average. As a result, the price climbed higher and broke the last swing high at $311.<\/p>\n<p>It traded to a new weekly high above the $316 level. At the moment, the price is trading well above the $310 level. An initial support is near the 23.6% Fib retracement level of the recent wave from the $306 low to $316 high. Moreover, there is a rising channel forming with support near $308 on the hourly chart of ETH\/USD. If there is a downside correction, the pair is likely to find bids near $311 or $310.<\/p>\n<p>The 50% Fib retracement level of the recent wave from the $306 low to $316 high is also near the $311 level. If there is a break below the channel support, the price could retest the $305 swing low in the near term. The next main support is near the $300 level, where the bulls are likely to take a stand. On the upside, an initial resistance is near the $316 swing high.<\/p>\n<p>If there is a break above the $316-317 resistance, the price could continue to rise towards the $325 level. If there are further gains, the next stop for buyers may be near the $330 or $332 resistance level.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-389221\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ethereum-7.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, Ethereum price is trading with a strong positive bias and it may soon clear the $316 and $320 resistance. Conversely, if there is a downside correction, buyers are likely to protect the $310 or $305 support area in the coming sessions.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining pace in the bullish zone, with a positive bias.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently well above the 60 level, with a bullish angle.<\/p>\n<p>Major Support Level \u2013 $310<\/p>\n<p>Major Resistance Level \u2013 $325<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price is slowly moving higher and it recently broke the $310 resistance against the US Dollar. There are many supports on the downside near the $310 and $305 levels. There is a rising channel forming with support near $308 on the hourly chart of ETH\/USD (data feed via Kraken). On the upside, the price could soon revisit the $325 resistance level or even $330. Ethereum price is moving higher with a positive angle versus the US Dollar, whereas bitcoin jumped 10%. ETH price is likely to continue higher and it could even test $325. Ethereum Price Analysis In the past few sessions, there was a strong rise in bitcoin price above $12,000 against the US Dollar, but Ethereum climbed slowly. The ETH\/USD pair remained stable above the $302 and $300 support. Moreover, there was a positive price action above the $305 level the 100 hourly simple moving average. As a result, the price climbed higher and broke the last swing high at $311. It traded to a new weekly high above the $316 level. At the moment, the price is trading well above the $310 level. An initial support is near the 23.6% Fib retracement level of the recent wave from the $306 low to $316 high. Moreover, there is a rising channel forming with support near $308 on the hourly chart of ETH\/USD. If there is a downside correction, the pair is likely to find bids near $311 or $310. The 50% Fib retracement level of the recent wave from the $306 low to $316 high is also near the $311 level. If there is a break below the channel support, the price could retest the $305 swing low in the near term. The next main support is near the $300 level, where the bulls are likely to take a stand. On the upside, an initial resistance is near the $316 swing high. If there is a break above the $316-317 resistance, the price could continue to rise towards the $325 level. If there are further gains, the next stop for buyers may be near the $330 or $332 resistance level. Looking at the chart, Ethereum price is trading with a strong positive bias and it may soon clear the $316 and $320 resistance. Conversely, if there is a downside correction, buyers are likely to protect the $310 or $305 support area in the coming sessions. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bullish zone, with a positive bias. Hourly RSI &#8211; The RSI for ETH\/USD is currently well above the 60 level, with a bullish angle. Major Support Level \u2013 $310 Major Resistance Level \u2013 $325<\/p>\n","protected":false},"author":67,"featured_media":167232,"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-389220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Bitcoin Rallies 10%, Ethereum (ETH) Price Now Eyes $325<\/title>\n<meta name=\"description\" content=\"Ethereum price is moving higher with a positive angle versus the US Dollar, whereas bitcoin jumped 10%. 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