Ethereum Holding Above Dollar 170 – Ethereum price saw a rise above the $170 resistance area against the US Dollar. ETH/USD pair extended gains above the $175 resistance level and spiked above $176. Bulls failed to take the price towards the $180 level and recently the price started a downside correction. The price traded below the $172 level and the 23.6% Fib retracement level of the recent swing from the $165 low to $176 high. global xchange
Ethereum Holding Above Dollar 170 – The hourly cart shows ETH price is clearly trading above key support levels near $170. The price is likely to climb back above $172 and $174 levels in the near term. On the downside, a break below the $168 support could trigger a fresh decline. globalXchange. The hourly MACD for the pair is going near bears and RSI is below 50 level.
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