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Ethereum Price (ETH) Facing Key Resistance: Can Bulls Overcome $200?

From newsbtc.com

This past week, we saw a major drop in ETH price below the $202 support area against the US Dollar. The decline was such that the price even broke the $184 support area. Finally, it traded to a new monthly low at $174 and recently started an upside correction. Besides, there was a decent recovery noted in bitcoin price as well above the $10,200 resistance level. Ethereum price recovered above the key $190 resistance level and the 100 hourly simple moving average. Moreover, there was a break above the $192 and $195 resistance levels. It tested the $198 level and is currently consolidating gains. It tested the 23.6% ... (full story)

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  • Category: Technical Analysis