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Ethereum Price Analysis: Will ETH reach $150 today? – Coinnounce

Ethereum Price Analysis: Will ETH reach $150 today?

Hourly MACD – Moving in the bullish zone.

Hourly RSI –Pleasantly over the 50 level.

Significant Support Level – $130

Significant Resistance Level – $151

Key Points

  • Ethereum price gradually recuperated and moved over the $130 and $132 resistances against the US Dollar.
  • Yesterday’s major bearish pattern line was broken with resistance at $132 on the hourly graph of ETH/USD.
  • The pair is probably going to move towards the $151 resistance level in the close term.

Ethereum price is giving positive hints against the US Dollar and bitcoin. ETH/USD is probably going to adjust further above $140 towards the $150 level.

Ethereum Price Analysis

In the wake of framing an OK support base around the $122 level, ETH price began a recuperation against the US Dollar. The ETH/USD pair recuperated over the $125 and $130 levels to move into a transient positive zone. Afterward, the price picked up footing and moved over the $131-132 zone. Moreover, there was a break over the half Lie retracement dimension of the last drop from the $146 swing high to $122 swing low.

All the more significantly, yesterday’s major bearish pattern line was ruptured with resistance at $132 on the hourly graph of ETH/USD. The pair is as of now put pleasantly over the $132 level, with a bullish edge. On the off chance that the price picks up footing, it could outperform the $140 resistance. It speaks to the 76.4% Lie retracement dimension of the last drop from the $146 swing high to $122 swing low. Above $140, the following resistance is at $146 and the 100 hourly straightforward moving normals. At last, the fundamental resistance is situated close to the $150-151 zone. It harmonizes with the 1.236 Lie augmentation dimension of the last drop from $146.

ETHUSD 24 hour chart

Taking a gander at the diagram, ETH price could amend further higher towards $140 and $150 in the close term. Be that as it may, the $150-151 zone is probably going to go about as a solid obstruction for purchasers. On the drawback, an underlying support is at $130, beneath which the price may decrease to $124.

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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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