Ethereum (ETH) Price Gaining Momentum As Bitcoin Hits Fresh High

  • ETH price found support near the $164-165 area and bounced back against the US Dollar.
  • The price broke the $168 and $169 resistance levels, and is currently gathering momentum.
  • There is a breakout pattern forming with resistance at $172 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to break the $172 resistance and climb towards the $176 and $180 resistance levels.

Ethereum price is gaining bullish momentum versus the US Dollar, following bitcoin price rise. ETH is now placed above $169 and it looks set for more gains towards the $180 level.

Read more https://www.newsbtc.com/2019/05/09/ethereum-eth-price-gaining-momentum-bitcoin-fresh-high/

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