RATE Group | Ethereum Price And Bitcoin Price Side By Side Step Into Green: ETH/USD Eyes $220
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Ethereum Price And Bitcoin Price Side By Side Step Into Green: ETH/USD Eyes $220

10 Mar Ethereum Price And Bitcoin Price Side By Side Step Into Green: ETH/USD Eyes $220

Posted at 11:47h in Bitcoin News by

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  • Ethereum price settles above the 50 SMA after recovery from the slide to the $190 support area.
  • ETH/USD looks forward to a symmetrical triangle breakout with prospects of beating 2019’s high at $360.

Ethereum price extended the bearish action under $200 on Monday. The cryptoasset tested the support at $190. However, the price did not stay long at the $190 support as buyers swept in to buy low, pushing ETH/USD above $200. Bitcoin is also slightly in the green and seems to be settling above $97,900. Upward movements have been capped under $8,000 despite the recovery from the recent low at $7,650.

At the time of writing, Ethereum price is doddering at $202.18 amid a building bullish momentum. The immediate downside is protected by the 50 SMA in the weekly range. As long as the price stays above the 50 SMA weekly, ETH/USD is likely to remain bullish as the push for a reversal above $220 continues. Farther down, the 21 SMA at $179.65 is in line to stop losses aiming for lower…

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