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Ethereum added $24 in price yesterday
Apr 17, 2020 Forex News
Ethereum followed Bitcoin and also showed significant growth. On April 16, the price of Ethereum rose by $24 and reached a level of $172. On the 4-hour price chart, the ETH/USD pair first lowered to a minimum of $148 and then formed 4 bullish candles in a row. On the way to the $172 mark, Ethereum was able to overcome several key levels of $158, $164, $164, $170.
At the time of publication, the price of Ethereum is $170 and the pair ETH/USD is trading around this level.
It is worth noting that a break above $158 paved the way for the ETH/USD pair to today's price. Now an important level for Ethereum is the level of $168. Break below this level could lead the pair of ETH/USD to $166. In case of a breakdown of this level, we will see a decrease of the ETH/USD pair to the region of $163.
On the other hand, an area of $174-175 provides enough resistance. If the ETH/USD pair can rise above this level, it will be able to come close at around $180, in the future to rise to the region of $185. Further, the level of $192 is a strong barrier to the pair ETH/USD on the way to 200.
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