RATE Group | ETH Testing Critical Support Below $160, Will It Hold?
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ETH Testing Critical Support Below $160, Will It Hold?

26 Jan ETH Testing Critical Support Below $160, Will It Hold?

Posted at 05:44h in Ethereum News by

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  • Ethereum saw a decline of about 7%, bringing the price for the coin beneath $160.
  • Against BTC, ETH dropped lower but managed to find support at 0.018 BTC to rebound back above 0.019 BTC.
  • Ethereum is now testing support at $159 and will likely head toward $146 if it collapses beneath.

Key Support & Resistance Levels

ETH/USD

Support:  $158, $152, $145, $133.50.

Resistance: $172,  $175, $180, $186, $194.

ETH/BTC:

Support: 0.0188 BTC, 0.0185 BTC,  0.0181 BTC, 0.0171 BTC.

Resistance: 0.0195 BTC, 0.020 BTC, 0.0204 BTC.

ETH/USD: ETH Finds Support At 100-days EMA But Will It Hold?

ethusd-jan25

Since our last analysis, ETH continued to trend lower to break beneath $160. It has found support at the 100-days EMA at around $159, which is bolstered by a short term .382 Fibonacci Retracement level. Ethereum briefly slipped beneath the 100-days EMA in yesterday’s trading session, falling as low as $156, but eventually bounced higher.

If ETH were to drop beneath the support at the 100-days EMA, it would be considered…

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