Ethereum possible breakout nears if BTC could hold and push the USD/ETH price upward – Ultragamerz, The best Technology & game news

  • ETH price is under $185 and $180 supports against the US Dollar.
  • The price is currently trading near the $172 and $175 resistances.
  • There is a major chance of a break out if it goes above $180
  • There could be a short term upside slow move before a huge breakout

Above the trend line, the next major resistance is near the $184 level and the 100 SMA. The 61.8% Fib retracement level of the recent drop from the $195 high to $163 swing low is also waiting near the $182 zone to act as a resistance. Therefore, the price must climb above $180, $182 and $184 to move back into a positive zone in the near term.

  • 4 hours MACD – The MACD for ETH/USD is slowly gaining momentum in the bullish zone.
  • 4 hours RSI – The RSI for ETH/USD is currently just above the 50 level, with a positive angle.
  • Major Support Level – $165
  • Major Resistance Level – $180

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Mohsen Daemi

Mohsen Daemi|News author and moderator for news and gaming articles in ultragamerz.com. Mohsen as video games news reporter along everybody in ultragamerz work hard to bring you all the gaming news from direct and trusted sources. Mohsen provides the most recent news and trends of gaming. He has been Working last 6 years on online platforms, medias and online publishing. He was a contributer for fotoup.com and now in popular-photo.com. Mohsen is based in Massachusetts. In ultragamerz we provide the most recent news of technology and gaming.

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