Key Highlights<\/p>\n
Ethereum price is struggling to recover higher against the US Dollar and bitcoin. ETH\/USD could start a solid upward move if there is a break above $90.<\/p>\n
There was a decent bullish reaction from the $80 support in ETH price against the US Dollar. The ETH\/USD pair climbed above the $84, $85 and $86 resistance levels. There was even a spiked above $86 and the 100 hourly simple moving average. However, buyers failed to hold gains and the price retreated from the $88 resistance area. It declined below the 50% Fib retracement level of the last wave from the $80 low to $88 high.<\/p>\n
Moreover, the price traded below the $85 support and the 100 hourly SMA. At the moment, the price is holding the $83 support. Besides, the 76.4% Fib retracement level of the last wave from the $80 low to $88 high is at $82.50. A break below the $82 level will most likely push the price back towards the $80 level. On the upside, an initial resistance is near $86 and the 100 hourly SMA. Additionally, there is a major bearish trend line formed with resistance at $87 on the hourly chart of ETH\/USD.<\/p>\n<\/p>\n
Looking at the chart, ETH price is facing a solid barrier near the $86, $87, $88 and $90 resistance levels. Therefore, a successful close above $88-90 may perhaps clear the path for more gains towards $100 in the near term.<\/p>\n
Hourly MACD The MACD moved back in the bearish zone.<\/p>\n
Hourly RSI The RSI declined below the 50 level and it is currently showing bearish signs.<\/p>\n
Major Support Level $80<\/p>\n
Major Resistance Level $88<\/p>\n
<\/p>\n
Here is the original post: <\/p>\n
Ethereum Price Analysis: ETH Could Turn Bullish Above $90 ...<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Key Highlights Ethereum price is struggling to recover higher against the US Dollar and bitcoin. ETH\/USD could start a solid upward move if there is a break above $90. Continue reading