Ethereum Price Analysis: ETH/USD Jumps Above Key $200 Resistance

Key Highlights


ETH price finally gained momentum and broke the $197 resistance against the US Dollar.
There was a break above a key bearish trend line with resistance at $197 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now placed nicely above the $197 and $200 resistance levels.

Ethereum price gained momentum recently against the US Dollar and bitcoin. ETH/USD is now placed for more gains above the $197, $198 and $200 resistance levels.

Ethereum Price Analysis

Recently, there was a minor upside move from the $184 swing low in ETH price against the US Dollar. The ETH/USD pair traded above the $190 and $192 resistance levels. However, the upside move was capped by the $199-200 area. The price failed to break the $200 zone and slowly turned south. It declined below the 50% Fib retracement level of the recent wave from the $184 low to $199 high.

However, buyers appeared near the $188-190 area. Moreover, the 61.8% Fib retracement level of the recent wave from the $184 low to $199 high also acted as a support. Later, the price jumped higher and moved above the $190 and $197 resistance levels with a positive angle. More importantly, the price surpassed a strong resistance near the $200 level. There was also a break above a key bearish trend line with resistance at $197 on the hourly chart of ETH/USD. Above the trend line, the 100 hourly simple moving average was beached near the $199 level. Therefore, a break and close above the $199-200 zone is a positive zone.

Looking at the chart, ETH price seems to be gaining pace above $197. As long as there is no false break above the $200 handle and the 100 hourly SMA, there are chances of more upsides. On the upsides, the next resistances are at $207 and $210.

Hourly MACD The MACD is moving in the bullish zone.

Hourly RSI The RSI currently near the 60 level with a bearish angle.

Major Support Level $197

Major Resistance Level $210

The post Ethereum Price Analysis: ETH/USD Jumps Above Key $200 Resistance appeared first on NewsBTC.

14.10.2018 / 23:30 18
Ethereum Price Analysis: ETH/USD Recoveries Capped Near $428 Ethereum Price Analysis: ETH/USD
Key Highlights ETH price declined further below $415.00 and traded as low as $407.95 against the US Dollar. There is a crucial bearish trend line in
Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Ethereum Classic Price Analysis:
Key Highlights Ethereum classic price is placed in a bullish zone above the $16.50 support against the US dollar. There is a connecting resistance
Ethereum Classic Price Analysis: Can ETC/USD Surpass $16? Ethereum Classic Price Analysis: Can
Key Highlights Ethereum classic price is trading nicely above the $14.25 support area against the US dollar. There is a major bearish trend line
Ethereum Price Analysis: ETH/USD Broke Key Resistance Ethereum Price Analysis: ETH/USD Broke
Key Highlights ETH price made a nice upside move and broke the $495 resistance against the US Dollar. There was a break above a major bearish trend
Ethereum Classic Price Analysis: Can ETC/USD Gain Traction? Ethereum Classic Price Analysis: Can
Key Highlights Ethereum classic price remained in a range above the $14.50 support area against the US dollar. There is a key bearish trend line
Ethereum Price Analysis: Can ETH/USD Break 100 SMA? Ethereum Price Analysis: Can ETH/USD
Key Highlights ETH price has started an upside correction and it moved above $590 against the US Dollar. There was a break above a key bearish trend
Comments (0)
Add a comment
Comment on