Ethereum price is currently correcting higher, but it faces a strong resistance of about $180 against the US dollar.
The price of Bitcoin has risen more than 1.5%, but it also faces resistance of $8,120 and $8,200.
This week’s most important downtrend line was violated with a resistance close to $174 on the ETH / USD hourly chart (data feed through Kraken).
The pair clearly faces a strong resistance near the $180 level and the 100-hour SMA.
Ethereum’s price is currently recovering higher against the US dollar, similar to bitcoin. However, the price of ETH might set above $180 to continue higher in the short term.
Read more...
The price of Bitcoin has risen more than 1.5%, but it also faces resistance of $8,120 and $8,200.
This week’s most important downtrend line was violated with a resistance close to $174 on the ETH / USD hourly chart (data feed through Kraken).
The pair clearly faces a strong resistance near the $180 level and the 100-hour SMA.
Ethereum’s price is currently recovering higher against the US dollar, similar to bitcoin. However, the price of ETH might set above $180 to continue higher in the short term.
Read more...
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