RATE Group | Ethereum Price Analysis: Can ETH/USD Hold Gains Above $466?
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Ethereum Price Analysis: Can ETH/USD Hold Gains Above $466?

25 Jul Ethereum Price Analysis: Can ETH/USD Hold Gains Above $466?

Posted at 06:32h in Ethereum News by

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Key Highlights

  • ETH price started a fresh upside move and traded above the $465 and $470 resistances against the US Dollar.
  • There was a break above a major declining channel with resistance at $461 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is currently placed nicely in an uptrend with a key support near the $466 level.

Ethereum price is on the move above $465 against the US Dollar. ETH/USD is likely to break the $485 high for more gains in the near term.

Ethereum Price Support

Yesterday, there were a few swing moves below $460 in ETH price against the US Dollar. Finally, the ETH/USD pair managed to move higher and broke the $460 and $465 resistance levels. It even settled above the $468 resistance and the 100 hourly simple moving average. It seems like the price formed a decent base near the $445 level before the current bullish wave.

During the rise, there was a break above a major declining channel with resistance at $461 on the hourly chart of ETH/USD. The pair…

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