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Ethereum Price (ETH) Touches $200 While Bitcoin Is Declining
ETH price extended its gains above the $195 resistance level against the US Dollar.Bitcoin price is down more than 1.5% and it recently broke the $10,250 support area.Yesterday’s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently consolidating gains and it might soon attempt to climb above the $200 resistance.Ethereum price is trading higher towards $200 and $205 versus the US Dollar, while Looking at the chart, Ethereum price is clearly outperforming bitcoin and other altcoins. As long as it is trading above the trend line support and $185, there are chances of more gains. It would be interesting to see how bears react once the price surpasses the $200 barrier and attempts to climb above $205.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is currently in the bullish zone, with positive signs.Hourly RSI – The RSI for ETH/USD is currently correcting lower and it might test the 60 level.Major Support Level – $193Major Resistance Level – $200
Author: Aayush Jindal
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