Advertising revenue keep this site going. We do not actively endorse ads served to us.
Please use your due diligence while on this site.
We also do not get information from our visitors.
cryptocurrency January 19, 2020

Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area.ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar.The price traded to a new 2020 high close to $180 and it is currently consolidating gains.There is a key rising channel forming with support near $172 on the 4-hours chart of ETH/USD (data feed via Kraken).Bitcoin is up around 3% and it broke the main $9,000 resistance area.Ethereum Price Could Test $195-$200This past week, there were mostly positive moves in Ethereum above $160 against the US Dollar. ETH gained bullish momentum and broke many hurdles near $165 and $170.Moreover, there was a close above $170 and the 100 simple moving average (4-hours). Finally, the price traded to a new yearly high at $179 and it is currently consolidating gains.It traded below the 23.6% Fib retracement level of the recent wave from the $165 low to $179 high. The first major support on the downside is near the $172 level. Besides, there is a key rising channel forming with support near $172 on the 4-hours chart of ETH/USD.Ethereum Price Ethereum PriceThe 50% Fib retracement level of the recent wave from the $165 low to $179 high is also near the channel support area. Therefore, Ethereum is likely to find bids near the $172 area.On the upside, the first major hurdle for the bulls is near the $180 level. A successful break above the $180 resistance area could set the pace for more gains above $190.The main resistance above $180 is near the $195 and $200 levels, where sellers are likely to emerge. A clear break above the $200 barrier would suggest an opening for a long term uptrend.What’s Bearish for ETH?The first key support is near the $172 level, below which Ethereum price might extend its correction towards the $165 support. The next major support is near the $160 area and the 100 simple moving average (4-hours).Only if ETH bears succeed in pushing the price below $160 and the 100 simple moving average (4-hours), the price could turn bearish. If not, it is likely to extend gains above the $178, $180 and $185 levels in the near term.Technical Indicators4 hours MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.4 hours RSI – The RSI for ETH/USD is currently well above the 55 level.Major Support Level – $165Major Resistance Level – $180

English简体中文日本語한국어DeutschEspañolPortuguêsFrançaisРусскийไทยNederlands