News: Ethereum (ETH) Price Following Rising Channel: Targets $270, $280 − 稼げる投資系口コミ情報サイト【Trade Center】

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https://www.newsbtc.com/?s=Ethereum%20%28ETH%29%20Price%20Following%20Rising%20Channel%3A%20Targets%20%24270%2C%20%24280

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Transcript:

0:00:00 Ethereum (ETH) Price Following Rising Channel: Targets $270, $280

0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:13 ETH price is trading nicely above the $245, $240 and $232 support levels against the US Dollar.

0:00:22 The price recently tested the $265 level and corrected lower to test the $240 support.

0:00:29 There is a new rising channel forming with support near $245 on the hourly chart of ETH/USD.

0:00:36 The pair remains well supported on the downside near the $245 level and the 100 hourly simple moving average.

0:00:43 Ethereum price is following bullish path above $245 versus the US Dollar, but struggling vs bitcoin.

0:00:51 ETH is likely to climb towards $270 or $280 as long as it is trading above the $240 support.

0:00:59 Yesterday, we saw a downside correction in Ethereum price from the $265 swing high against the US Dollar.

0:01:07 The ETH/USD pair declined below the $250 support level and tested the $240 support.

0:01:14 There was a minor spike below the 100 hourly simple moving average, but the pair bounced back above $242.

0:01:21 Recently, there was a slow recovery above the $250 level and the 50% Fibonacci retracement level of the last downside from the $265 high to $240 swing low.

0:01:33 The price even traded above the $255 level, but it seems to be facing a strong resistance near the $257-258 area.

0:01:43 Besides, the 61.8% Fibonacci retracement level of the last downside from the $265 high to $240 swing low is acting as a solid resistance.

0:01:55 If there is an upside break above the $257-258 resistance zone, the price is likely to climb towards the $265 swing high.

0:02:05 Any further gains could push the price towards the $270 or $280 resistance area.

0:02:12 On the downside, there are many supports near the $245, $240 and $232 levels.

0:02:20 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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