{"id":426170,"date":"2020-06-04T08:58:23","date_gmt":"2020-06-04T08:58:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=426170"},"modified":"2024-06-11T13:04:27","modified_gmt":"2024-06-11T13:04:27","slug":"ethereum-eth-gearing-for-another-lift-off-to-255","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-gearing-for-another-lift-off-to-255\/","title":{"rendered":"Ethereum Just Reversed And Likely Gearing For Another Lift-Off To $255"},"content":{"rendered":"
Ethereum is up close to 4% and it surpassed the $240 resistance zone against the US Dollar. ETH price is likely to continue higher towards the $250 and $255 resistance levels.<\/em><\/p>\n Yesterday, we saw a sharp decline in Ethereum price below the $240 support<\/a>. ETH price even spiked below the $230 support and the 100 hourly simple moving average.<\/p>\n Finally, it found support near $220 and recently started a fresh increase. There was a break above the $230 and $235 levels. Ether even managed to reclaim the $240 resistance and settled nicely above the 100 hourly simple moving average.<\/p>\n It traded as high as $246 and it is currently consolidating gains<\/a>. An initial support is near the $242 level. The 23.6% Fib retracement level of the recent rise from the $218 swing low to $246 high is also near the $240 support.<\/p>\n More importantly, it seems like there is a rising channel forming with support near $242 on the hourly chart<\/a> of ETH\/USD. On the upside, an initial resistance is near the $250 level and the channel upper trend line.<\/p>\n\n
Ethereum Price Resumes Uptrend<\/h2>\n