Ethereum prices show positive signs above the $ 175 and $ 180 levels against the US dollar.
The price of Bitcoin is rising more and is likely to reflect the main resistance zone of $ 10,000 again.
There is a growing channel with support close to $ 183 on the hourly chart of ETH / USD (data feed through Kraken).
The pair is likely to continue higher and break the $ 190 and $ 192 resistance levels in the short term.
Ethereum prices move higher with positive signs against the US dollar, while Bitcoin is close to $ 10,000. The ETH price must break $ 190 to go up to $ 200
Ethereum price analysis
In recent days, Ethereum had a strong recovery above the $ 175 and $ 180 resistance levels. Later, it saw a fall, but the price remained above $ 175 and the 100-hour simple moving average bid.
Similarly, Bitcoin prices rose above the $ 10,000 level and recently declined. However, BTC also gained support and is again climbing further towards the main resistance zone of $ 10,000.
The recent minimum change was about $ 175 before Ethereum started again. It broke the $ 180 and $ 182 resistance levels. In addition, there was a break above the 50% fiber recoil level from a downward movement of a maximum of $ 199 to a minimum of $ 175.
The price tested the resistance level of $ 190, where the Bears are fighting hard. In addition, it seems that the 61.8% fiber recoil level of the downward shift from the $ 199 high to the $ 175 swing low is acting as a resistance.
Therefore, it is likely that an inverse break above the $ 190 resistance will open the doors for more gains in the next sessions. The next big resistance is near the $ 198 and $ 200 levels. An intermediate resistance is a $ 194 or 76.4% fiber retracement level from a high of $ 199 to a low swing of $ 175.
On the negative side, the $ 180 level has multiple supports. In addition, there is a growing channel with support close to $ 183 on the ETH / USD hourly chart. If there is a problem, the price can try the 100-hour or $ 175 SMA support.
Looking at the chart, Ethereum's price is clearly steadily rising above $ 185. That said, the resistance level of $ 190 would have to be broken to keep the price. Otherwise, there is likely to be another negative correction towards the $ 175 support area in the short term.
ETH technical indicators
MACD per hour: MACD for ETH / USD is gradually losing momentum in the fast zone.
The RSI for the hourly RSI - ETH / USD is less accurate and is close to 50 levels.
Key Support Level: $ 180
Major Resistance Level - $ 190
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