Ethereum Price Analysis: ETH Could Surge Above $190-$200

Ethereum 800x600

Ethereum price is currently consolidating gains above the $180 support against the US Dollar. ETH price is facing hurdles near the $190 and $200 resistance levels. There is a breakout pattern forming with resistance near the $188 level on the 4-hours chart (data feed from Coinbase). The price is likely setting up for an upside break above the $190 and $200 levels in the near term. Ethereum price is trading above key supports near $180 against the US Dollar. ETH price could rally significantly if it clears the $190 resistance area. Ethereum Price Analysis This past week, there was a downside correction in Ethereum price below the $190 level against the US Dollar. ETH price corrected below the $185 and $184 support levels. Moreover, there was a break below $180 and the 55 simple moving average (4-hours). A low was formed near $177 and the price later formed a support…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE