By no,w Ethereum’s hardfork hype has passed and traders are probably pleased by the swing opportunities and bullish behavior exhibited by the price of ether (ETH). A move above the $140 resistance could open the doors for a run back to $165.


Over the past few days, ETH 00 broke the $127, $130, $134 and $136 resistance and, now, is on the warpath to tackle the $140 resistance.

Daily Chart

The daily chart is set up nicely with the MACD on the verge of a bullish cross. The MACD bullish cross on the daily and 4-hour chart has been a fairly reliable indicator to use for entries and exits.

The Stochastic RSI is quickly approaching bullish territory.

1-Hour Chart

ETH is meeting resistance at the 100-MA which aligns with the 38.2 percent Fib retracement level on the four-hour chart. ETH is well above the 12 and 26 exponential moving averages and, in the event of a pullback, the former resistance at $136 and $134 should serve as support. $134 also rests along the ascending trendline.

Above $134, ETH appears ready to have a go at…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/ethereum-price-analysis-eth-makes-the-long-slog-back-toward-165/