News: Ethereum Price (ETH) Looks Set To Continue Higher

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For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Ethereum%20Price%20%28ETH%29%20Looks%20Set%20To%20Continue%20Higher

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Crypto tags:

#EthereumNews #CryptoNews

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Transcript:

0:00:00 Ethereum Price (ETH) Looks Set To Continue Higher

0:00:03 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".

0:00:09 ETH price is showing positive signs above the $180 pivot level against the US Dollar.

0:00:16 The price is likely to continue higher above the $184 and $185 resistance levels in the near term.

0:00:23 There is a key bullish trend line forming with support at $178 on the hourly chart of ETH/USD.

0:00:30 The price could correct a few points, but it remains supported near $178 and $175 in the near term.

0:00:38 Ethereum price is gaining momentum above the $175 level versus the US Dollar, while bitcoin is consolidating.

0:00:46 In the past few sessions, ETH price remained well bid above the $170 support against the US Dollar.

0:00:53 However, bitcoin price remained in a range above the $10,200 support area.

0:00:59 Ethereum price is showing positive signs and is trading nicely above the key $175 support area.

0:01:06 Moreover, there was a break above the $180 level and the 100 hourly simple moving average.

0:01:12 The last swing high was formed $186 and it is recently corrected lower.

0:01:18 There was a break below the $182 support and the 50% Fibonacci retracement level of the last wave from the $176 low to $186 high.

0:01:29 Additionally, the price spiked below the $180 support level.

0:01:33 However, the $178 level acted as a strong support.

0:01:38 Besides, the 76.4% Fibonacci retracement level of the last wave from the $176 low to $186 high acted as a support.

0:01:49 More importantly, there is a key bullish trend line forming with support at $178 on the hourly chart of ETH/USD.

0:01:57 The trend line and $178 support could act as a strong buy zone.

0:02:02 If there is a downside break below $178, the price could continue to move down towards the $175 level.

0:02:10 The next key support is near the $173 level.

0:02:14 It coincides with the 1.236 Fibonacci extension level of the last wave from the $176 low to $186 high.

0:02:24 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.


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