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News: Ethereum Price (ETH) Sighting More Upsides, Bitcoin Breaks $10K

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For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Ethereum%20Price%20%28ETH%29%20Sighting%20More%20Upsides%2C%20Bitcoin%20Breaks%20%2410K

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Crypto tags:

#BitcoinNews#EthereumNews #CryptoNews

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Transcript:

0:00:00 Ethereum Price (ETH) Sighting More Upsides, Bitcoin Breaks $10K

0:00:05 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".

0:00:11 ETH price climbed higher steadily and broke the $215 resistance area against the US Dollar.

0:00:18 There was a break below an ascending channel with support at $216 on the hourly chart of ETH/USD.

0:00:25 The pair remains well bid on the downside near the $210 and $208 support levels.

0:00:31 Ethereum price is struggling to continue higher versus the US Dollar, while bitcoin broke $10,000. ETH price is likely to bounce back as long as it is above the $210 support.

0:00:43 In the past few hours, Ethereum price climbed higher steadily above $210 against the US Dollar.

0:00:49 The ETH/USD pair broke the key $215 resistance level to post a new weekly high.

0:00:56 Moreover, there was a close above the $210 level and the 100 hourly simple moving average.

0:01:02 Finally, the price traded towards the $220 level, where sellers emerged and protected more gains.

0:01:09 More importantly, bitcoin price climbed higher and recently broke the $10,000 resistance level.

0:01:15 After topping near the $220 level, ETH price corrected lower.

0:01:20 It traded below the $215 support level to move away from the uptrend.

0:01:25 Moreover, there was a break below an ascending channel with support at $216 on the hourly chart of ETH/USD.

0:01:32 The pair tested the 50% Fibonacci retracement level of the upward leg from the $204 low to $220 high.

0:01:41 However, the decline was protected by the $210 support level and the 100 hourly SMA.

0:01:47 Additionally, the 61.8% Fibonacci retracement level of the upward leg from the $204 low to $220 high is also near the $210 level to provide support.

0:01:59 Therefore, the $210 level might play an important role in the next move.

0:02:04 As long as the price is above the $210 level, there could be a fresh upward move.

0:02:10 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.


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