Ethereum Price Analysis: ETH/USD slowly recovering, 13 Sep.

10 months ago

Ethereum Price Key Features

  • Ethereum price began an upside rectification after it discovered support close $168 against the US Dollar.
  • There was a break over a noteworthy declining channel with resistance at $183 on the hourly outline of ETH/USD (information feed by means of Kraken).
  • The pair is probably going to confront a solid resistance close to the $200 level and the 100 hourly straightforward moving normal.

Ethereum price is gradually recuperating against the US Dollar and bitcoin. ETH/USD purchasers could confront an intense test close to the $190-200 resistance zone.

Ethereum Price Resistance

Recently, we saw a drawback break underneath the $175 level in Ethereum price against the US Dollar. The ETH/USD pair exchanged towards the $165 support and discovered offers close to the $168 level. Afterward, the price began an upside rectification and moved back over the $175 level. Amid the upside, the price additionally broke the $180 resistance. It opened the entryways for a push over the half Lie retracement level of the last slide from the $199 high to $168 low.

All the more critically, there was a break over a noteworthy declining channel with resistance at $183 on the hourly outline of ETH/USD. The price even spiked over the $188-190 resistance zone. Be that as it may, the price confronted a solid resistance close to the $192 level and the 100 hourly basic moving normal. Besides, the 76.4% Lie retracement level of the last slide from the $199 high to $168 low is going about as a resistance. It appears as though the price could plunge a couple of focuses back towards the broken channel at $182-183.

ETHUSD Price Chart 13 September

Taking a gander at the graph, Ethereum price is probably going to battle close $192 and the 100 hourly SMA. Over this, the following real obstacle for purchasers is close to the $200 level. On the drawback, the past resistances close $182, $180 and $175 are probably going to go about as supports.

Hourly MACD – The MACD is presently back in the bullish zone.

Hourly RSI – The RSI has moved over the 60 level.

Real Support Level – $175

Real Resistance Level – $190

Janet F. Sanchez

Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

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