Cryptocurrency
This Scenario Will Trigger A Larger Ethereum Rally: Key Levels To Watch
As reported by CryptoNewsZ, “Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180. There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar. The price is up around […]
As reported by CryptoNewsZ, “Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180.
- There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar.
- The price is up around 4% and it is likely to climb towards the $180 resistance.
- There is a key bullish trend line forming with support near $170 on the hourly chart of ETH/USD (data feed via Kraken).
- There could be a larger rally once the price clears the $180 resistance area.
“In the past few sessions, there were bullish moves in both bitcoin and Ethereum above $170 and $9,000 respectively against the US Dollar. ETH price settled above the $165 resistance area and the 100 hourly simple moving average.
“A new weekly high is formed near the $174 level and the price is currently trading with a bullish angle. Besides, there is a key bullish trend line forming with support near $170 on the hourly chart of ETH/USD…”