Ethereum is moving strong with a trading value of $155 against the US dollar. Ethereum price will be touching the peaks with the bullish breaks if it crosses the $160 and $162 resistance level. ETH prices are escalating higher and higher and are showing positive growth at $155. The bulls will be attracting audiences with selling interests close to $160 to $162. Bulls are running with trending lines of $160-$162 on the hourly chart of ETH per USD.
Ethereum prices touching the new key break
Ethereum prices have vastly recovered above $155 resistance against the US dollar in the past three seasons. ETH prices have nicely managed to sit above $155 mark with a simple moving average of 100 hours.
Ethereum ‘s upward movement is such that it faced its next hurdle at $160 smut. The trend lines of the week are active near the resistance of $160 and $162 on the hourly chart of ETH against USD.
The first trend line was a key barrier that protected the rise at $160 forming a high. The prices were rectified below 23. 6 % Fib retracement level with an upward move from $148 to $160. The previous resistance level of $155 is currently providing support with a simple moving average of 100 hourly bases. The 50% Fib retracement level of the upward move is nearing $155. Bulls need to hit the target of $164, with the follow-through at $164-$165 will constant the upward movement. The next key level can be predicted to be at $175.
Fears of breakdown
On the downfall, there is instant support provided at $155. If the trend breaks the support of $155 and $154 ETH will have to bear losses. With the support at $150 bearers will be looking for test support of $145 in the coming seasons.