RATE Group | Ethereum Price Analysis: ETH Primed For More Gains Above $195
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Ethereum Price Analysis: ETH Primed For More Gains Above $195

17 Oct Ethereum Price Analysis: ETH Primed For More Gains Above $195

Posted at 00:26h in Ethereum News by

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  • Ethereum price started a steady rise above the $180 resistance area against the US Dollar.
  • ETH price is showing positive signs and it could continue to rise above $195 and $200.
  • There is a crucial bullish trend line forming with support near $182 on the 4-hours chart (data feed from Coinbase).
  • The price is likely to climb sharply once it clears the $188 and $195 resistance levels in the near term.

Ethereum price is trading in a bullish zone above $180 against the US Dollar. ETH price seems to be setting up for more gains above the $195 resistance.

Ethereum Price Analysis

After forming a support base near $168, Ethereum price started a steady rise against the US Dollar. The ETH/USD pair broke the key $175 and $180 resistance levels to move into a positive zone. Moreover, there was a close above the $180 level and the 55 simple moving average (4-hours). The price even climbed above the $188 resistance and traded to a new monthly high near the $197 level.

Recently, there was a downside…

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