Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control

DigitalBank is the ultimate Safe Haven for Bitcoin and CryptoCurrency
We are developing the most secured and anonymous Blockchain Bank in the World.
We are the Fort Knox of Cryptocurrency and Financial Assets Transfers
For additional information please contact us at [email protected] 

The Best & Most Secure Cryptocurrency Wallet 2019

 https://www.digitalbank.capital/

Ethereum Price Analysis ETH Consolidating Buyers Could Take Control
Key Highlights ETH price stayed above the $146 support and later recovered against the US Dollar. There is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb quickly if buyers clear the $154 and $155 resistance levels in the near term.
Ethereum price is placed nicely above key supports against the US Dollar and bitcoin . ETH/USD is likely to slowly move higher as long as it is above $146. Ethereum Price Analysis
After testing the $159-160 resistance , ETH price started a downside correction against the US Dollar. The ETH/USD pair declined below the $156, $155 and $150 support levels. There was a test of the $146 support area, where buyers emerged. Later, the price started a fresh upward move and traded above the $150 level. There was a break above the $152 level and the 100 hourly simple moving average. Moreover, the price cleared the 23.6% Fib retracement level of the recent decline from the $160 high to $146 low.
However, there is a strong resistance formed near $154-155. Besides, there is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH/USD. An initial resistance is near the $153 zone. It represents the 50% Fib retracement level of the recent decline from the $160 high to $146 low. If there is a break above the $153 and $154 resistance levels, the price may climb towards the $157 level. It is close to the $156.50 pivot level and the 76.4% Fib retracement level of the recent decline.
Looking at the chart , ETH price is clearly holding the $146 support very well. In the short term, there could be range moves above $146 and $148 before an upside break. A proper close above $154 and $157 is needed for an upside acceleration. On the downside, the main supports are $150 and $146.
Hourly MACD – The MACD for ETH/USD is back in the bullish zone, suggesting a nice upward move.
Hourly RSI – The RSI for ETH/USD is now well above the 50 level, with a flat bias.
Major Support Level – $146

The DigitalBank Device OS , replaces the conventional method of signing transactions with a distributed signing algorithm. As recent events around the world demonstrated, owners of cryptocurrency are in danger of being physically attacked by thieves who can force you to hand over access to even a secure hard wallet.
That’s why the DigitalBank implemented mechanisms to protect user funds in any situation
The Fort Knox of Crypto Banking – World’s Most Secured Hardware Wallet
100% anonymous accounts : nothing is stored , on any third party servers . DB is the most secure vault for your digital assets. Buy , Sell , Send , Receive and Store bitcoins, and all major cryptocurrencies including all ERC20 tokens , in the safest way available today .
Private keys can never be exposed because are not stored anywhere .
​Starting at $ 1800 USD
For additional information contact us at : [email protected]