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Ethereum Price (ETH) Eyeing Upside Break, Bitcoin Up 2%

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Ethereum Price (ETH) Eyeing Upside Break, Bitcoin Up 2%

ETH price stayed above the key $175 support and recovered recently against the US Dollar.Bitcoin price is trading nicely and it recently broke the key $10,250 resistance area.This week’s followed major bearish trend line was breached with resistance near $178 on the hourly chart of ETH/USD (data feed via Kraken).The pair is trading above the $180 level and it seems like it could continue to rise towards $185.Ethereum price is trading nicely above $175 versus the US Dollar, while Looking at the chart, Ethereum price is showing a lot of positive signs above $175 and $178. Moreover, bitcoin is gaining pace, which could accelerate gains in Ether as well above $182. Overall, there are chances of more gains as long as there is no close below the $175 support area.ETH Technical IndicatorsHourly MACD The MACD for ETH/USD is currently reducing its bullish slope.Hourly RSI The RSI for ETH/USD is currently correcting lower and is moving towards the 50 level.Major Support Level – $175Major Resistance Level – $185

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Author: Aayush Jindal

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