{"id":400761,"date":"2019-10-08T03:08:24","date_gmt":"2019-10-08T03:08:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=400761"},"modified":"2024-06-11T13:30:50","modified_gmt":"2024-06-11T13:30:50","slug":"ethereum-eth-price-rallies-10-but-can-it-break-185","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/","title":{"rendered":"Ethereum (ETH) Price Rallies 10% But Can It Break $185?"},"content":{"rendered":"<ul>\n<li>ETH price is climbing higher and it recently broke the $175 and $180 resistances against the US Dollar.<\/li>\n<li>The price is currently trading near a crucial resistance area at $185 and $186.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $175 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair might correct a few points lower, but it is likely to climb higher towards $190 or $192.<\/li>\n<\/ul>\n<p><em>Ethereum price is up close to 10% versus the US Dollar, and climbed nicely vs <a href=\"https:\/\/uniquehot.com\/2019\/10\/07\/bitcoin-price-btc-extending-decline-below-key-support\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. ETH price could soon attempt to surpass $185 and climb towards $192.<\/em><\/p>\n<h2>Ethereum Price Analysis<\/h2>\n<p>After forming a support base near $170, Ethereum started a decent rebound against the US Dollar. As a result, ETH price traded above the <a href=\"https:\/\/uniquehot.com\/2019\/10\/07\/ethereum-eth-price-approaching-160-while-bitcoin-settles-below-8k\/\" target=\"_blank\" rel=\"noopener noreferrer \">$175 and $180 resistance levels<\/a>. Moreover, there was a close above the $180 level and the 100 hourly simple moving average. The price is currently up around 10% and it even tested the main $185 resistance, where the bears took a stand.<\/p>\n<p>During the rise, there was a break above a key bearish trend line with resistance near $175 on the hourly chart of ETH\/USD. The price is currently consolidating gains below the $185 resistance. An immediate support is near the $182 level. Moreover, the 23.6% Fib retracement level of the recent rise from the $167 low to $185 high is also near the $181 level.<\/p>\n<p>If there is an extended decline or correction, the price could test the $178 and $175 support levels. The 50% Fib retracement level of the recent rise from the $167 low to $185 high is positioned near the $176 level to provide support in the near term. Any further losses might push the price back in a bearish zone towards the $170 support area.<\/p>\n<p>On the upside, the main resistances are near the $185 and $186 level. The current price action suggests high chances of an upside break above the $185 resistance. In the mentioned case, the price could test the $190 and $192 resistance levels. The next key resistance area is near the $198 and $200 levels.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-400762\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?resize=1828%2C868\" alt=\"Ethereum Price Analysis ETH Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/10\/Ethereum-6.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 nice bullish bias above the $180 level. Having said that, the bulls need to gain strength above the $185 and $186 resistance levels to push the price into an uptrend. If not, there are chances of a fresh decline towards the $175 level.<\/p>\n<h2>ETH Technical Indicators<\/h2>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is currently correcting lower towards the 60 level.<\/p>\n<p>Major Support Level \u2013 $180<\/p>\n<p>Major Resistance Level \u2013 $185<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH price is climbing higher and it recently broke the $175 and $180 resistances against the US Dollar. The price is currently trading near a crucial resistance area at $185 and $186. There was a break above a key bearish trend line with resistance near $175 on the hourly chart of ETH\/USD (data feed via Kraken). The pair might correct a few points lower, but it is likely to climb higher towards $190 or $192. Ethereum price is up close to 10% versus the US Dollar, and climbed nicely vs bitcoin. ETH price could soon attempt to surpass $185 and climb towards $192. Ethereum Price Analysis After forming a support base near $170, Ethereum started a decent rebound against the US Dollar. As a result, ETH price traded above the $175 and $180 resistance levels. Moreover, there was a close above the $180 level and the 100 hourly simple moving average. The price is currently up around 10% and it even tested the main $185 resistance, where the bears took a stand. During the rise, there was a break above a key bearish trend line with resistance near $175 on the hourly chart of ETH\/USD. The price is currently consolidating gains below the $185 resistance. An immediate support is near the $182 level. Moreover, the 23.6% Fib retracement level of the recent rise from the $167 low to $185 high is also near the $181 level. If there is an extended decline or correction, the price could test the $178 and $175 support levels. The 50% Fib retracement level of the recent rise from the $167 low to $185 high is positioned near the $176 level to provide support in the near term. Any further losses might push the price back in a bearish zone towards the $170 support area. On the upside, the main resistances are near the $185 and $186 level. The current price action suggests high chances of an upside break above the $185 resistance. In the mentioned case, the price could test the $190 and $192 resistance levels. The next key resistance area is near the $198 and $200 levels. Looking at the chart, Ethereum price is trading with a nice bullish bias above the $180 level. Having said that, the bulls need to gain strength above the $185 and $186 resistance levels to push the price into an uptrend. If not, there are chances of a fresh decline towards the $175 level. ETH Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is currently correcting lower towards the 60 level. Major Support Level \u2013 $180 Major Resistance Level \u2013 $185<\/p>\n","protected":false},"author":67,"featured_media":170287,"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-400761","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 Rallies 10% But Can It Break $185?<\/title>\n<meta name=\"description\" content=\"Ethereum price is up close to 10% versus the US Dollar, and climbed nicely vs bitcoin. 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ETH price could soon attempt to surpass $185 and climb towards $192.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/\" \/>\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=\"2019-10-08T03:08:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:30:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/02\/Ethereum_Price_ETH_USD_Analysis11.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-rallies-10-but-can-it-break-185\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ethereum (ETH) Price Rallies 10% But Can It Break $185?\",\"datePublished\":\"2019-10-08T03:08:24+00:00\",\"dateModified\":\"2024-06-11T13:30:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/\"},\"wordCount\":414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/02\/Ethereum_Price_ETH_USD_Analysis11.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-rallies-10-but-can-it-break-185\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/\",\"name\":\"Ethereum (ETH) Price Rallies 10% But Can It Break $185?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-rallies-10-but-can-it-break-185\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/02\/Ethereum_Price_ETH_USD_Analysis11.jpg?fit=1200%2C741\",\"datePublished\":\"2019-10-08T03:08:24+00:00\",\"dateModified\":\"2024-06-11T13:30:50+00:00\",\"description\":\"Ethereum price is up close to 10% versus the US Dollar, and climbed nicely vs bitcoin. 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