Ethereum Price Analysis: ETH likely to spike upwards?
Ethereum price is currently well settled above $130 support level. There are chances of ETH to spike upwards after breaking the current resistance at $134. Ethereum price was struggling around $130 range yesterday and even went below this support, however, later the price started to correct upwards and moved above $132 resistance. ETH was also able to close above the 100 hourly SMA at $132. Moving over $132, ETH was also able to defend itself against the bearish pattern line that was formed on the hourly chart with resistance at $132. However, the resistance around $134 is preventing the price from further rising.
- Posted: Mar 15, 2019 5:24am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 16