RATE Group | Ethereum (ETH) Bulls Eyeing Further Upsides, Bitcoin Facing Hurdles
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Ethereum (ETH) Bulls Eyeing Further Upsides, Bitcoin Facing Hurdles

06 Nov Ethereum (ETH) Bulls Eyeing Further Upsides, Bitcoin Facing Hurdles

Posted at 03:59h in Bitcoin News by

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  • Ethereum price is trading nicely above the $185 and $186 support levels against the US Dollar.
  • Bitcoin is holding the $9,200 support, but it is facing hurdles near the $9,400 level.
  • Yesterday’s highlighted key bullish trend line is active with support near $186 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is showing positive signs and it is likely to accelerate higher towards the $195 and $200 levels.

Ethereum price is gaining pace above $186 versus the US Dollar, while bitcoin is facing hurdles. ETH price is likely to accelerate gains once it clears the $200 barrier.

Ethereum Price Analysis

After yesterday’s upward move, Ethereum corrected a few points below the $186 support against the US Dollar. ETH price corrected below the $185 level, but the 100 hourly simple moving average acted as a strong support.

A swing low was formed near $183 and the price recently started a fresh increase. The price gained pace and broke the $185 and $186 resistance levels. Moreover,…

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