Cryptocurrency News:- According to Mini-invest, The Ethereum has started the journey of going up. However, It has started here journey from $110.
According to mini-invest, The Ethereum has started her journey of going up. However, You can see the below image to understand it will help to understand.
Ethereum is struggling to realize bullish momentum above the $145 resistance against the US Dollar, almost like bitcoin. ETH price must stay above the $140 support area to stay in an uptrend.
This past week, Ethereum climbed higher nicely above the $130 and $135 resistance levels against the US Dollar. ETH price even spiked above the $145 resistance and settled above the 100 simple moving average (4-hours).
It tested the $150 resistance area, where the bears emerged. Recently, there was a downside correction below the $145 level. the worth traded below the 23.6% Fib retracement level of the upward move from the $129 swing low to $150 swing high.
However, Ethereum remained well bid above the $140 support area (the previous resistance area). the five hundred Fib retracement level of the upward move from the $129 swing low to $150 swing high is additionally acting as robust support.
The 100 simple moving average (4-hours) is additionally near the $140 support area to guard a downside break. More importantly, there's a serious contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD.
In the event that there is a drawback break beneath the $140 bolster zone and the 100 SMA, the bears are probably going to take control. The following key help is close to the $133 level, beneath which the bears are probably going to point a trial of the $124 support.
Yes, This is the right time to buy the Ethereum coin. According to mini invest, The Ethereum has gained from here support. The Ethereum has started the cycle. The chances of success are around 80% to 83% according to our team. However, Do invest on your risk. The mini invest is not responsible
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| Cryptocurrency News:- Ethereum has started her journey of going up. |
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| The chart of Ethereum Cryptocurrency. |
- ETH price is currently facing a robust resistance near $145 and $150 against the US Dollar.
- There is important support forming near the $140 level and therefore the 100 simple moving average (4-hours).
- There is a serious contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD (data feed via Kraken).
- The pair could either rally sharply above $145 or it'd start a solid decline below $140.
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| Latest crypto news:- Ethereum has started here journey. |
Ethereum Price Trading Near Key Juncture.
It tested the $150 resistance area, where the bears emerged. Recently, there was a downside correction below the $145 level. the worth traded below the 23.6% Fib retracement level of the upward move from the $129 swing low to $150 swing high.
However, Ethereum remained well bid above the $140 support area (the previous resistance area). the five hundred Fib retracement level of the upward move from the $129 swing low to $150 swing high is additionally acting as robust support.
The 100 simple moving average (4-hours) is additionally near the $140 support area to guard a downside break. More importantly, there's a serious contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD.
In the event that there is a drawback break beneath the $140 bolster zone and the 100 SMA, the bears are probably going to take control. The following key help is close to the $133 level, beneath which the bears are probably going to point a trial of the $124 support.
Does this is the right time to buy the Ethereum?
Yes, This is the right time to buy the Ethereum coin. According to mini invest, The Ethereum has gained from here support. The Ethereum has started the cycle. The chances of success are around 80% to 83% according to our team. However, Do invest on your risk. The mini invest is not responsible
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