RATE Group | Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%
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Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

19 Jul Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

Posted at 04:59h in Bitcoin News by

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  • ETH price started an upside correction and traded above the $210 resistance against the US Dollar.
  • The price gained traction above the $220 level and even traded close to the $230 level.
  • This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is currently consolidating below the $230 resistance, with support near $212.

Ethereum price is trading with a positive bias above $210 versus the US Dollar, whereas bitcoin jumped 10%. ETH price could dip towards $212 before it could break the $230 resistance.

Ethereum Price Analysis

After a significant decline, Ethereum price found support near the $190 level against the US Dollar. The ETH/USD pair started an upside correction and recently traded above the $200 resistance. Moreover, bitcoin price recovered sharply above $10,000, sparking bullish moves in the crypto market. ETH price gained traction and broke the $210 and $220 resistance levels.

Moreover, there…

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