Ethereum Price (ETH) Looks Set To Continue Higher
- ETH price is showing positive signs above the $180 pivot level against the US Dollar.
- The price is likely to continue higher above the $184 and $185 resistance levels in the near term.
- There is a key bullish trend line forming with support at $178 on the hourly chart of ETH/USD (data feed via Kraken).
- The price could correct a few points, but it remains supported near $178 and $175 in the near term.
Ethereum price is gaining momentum above the $175 level versus the US Dollar, while is consolidating. ETH price is likely to continue higher above $185.
Ethereum Price Analysis
In the past few sessions, ETH price remained well bid above the $170 support against the US Dollar. However, bitcoin price remained in a range above the $10,200 support area. Ethereum price is showing positive signs and is trading nicely above the key $175 support area. Moreover, there was a break above the $180 level and the .
The last swing high was formed $186 and it is recently corrected lower.