RATE Group | Ethereum Price Analysis: ETH/USD Sets Eyes On $210-215
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Ethereum Price Analysis: ETH/USD Sets Eyes On $210-215

11 Sep Ethereum Price Analysis: ETH/USD Sets Eyes On $210-215

Posted at 07:11h in Ethereum News by

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Key Highlights

  • ETH price is slowly recovering and is likely forming a support near $185 against the US Dollar.
  • Yesterday’s highlighted key bearish trend line was breached with resistance at $193 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to slowly move higher towards the $208 and $210 resistance levels in the near term.

Ethereum price is trading with range moves against the US Dollar and bitcoin. ETH/USD could test the $210-215 resistance zone where sellers are likely to emerge.

Ethereum Price Support

Yesterday, there was a minor upside move from the $185 low in ETH price against the US Dollar. The ETH/USD pair traded above the $195 and $200 resistance levels to enter a consolidation phase. The price also managed to move past the 50% Fib retracement level of the last decline from the $219 high to $185 low. However, the upside move was capped by the $06-207 zone.

Moreover, it seems like the price failed to gain momentum above the $206.71 technical level. It…

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