<em><span style="font-weight: 400;">Ethereum price is consolidating higher gains beyond key supports the United States Dollar. In sync with Bitcoin, Ethereum could rally an upward correction towards $165 once it overcomes its next resistance at $156. During press time, the prevailing market conditions indicate a possibility to cross the red line. </span></em>
<h2><b>Ethereum Price Analysis</b></h2>
<span style="font-weight: 400;">Ethereum faced an <a href="https://www.forbes.com/sites/forbesdigitalassets/2019/09/25/crypto-daily-market-commentary25092019/">upside extension</a> yesterday, of the recovery initiated from the $132 price level versus the US Dollar. The leading altcoin increased its price above the key $150 resistance as well as the 100 hourly Simple Moving Average.  </span>
<span style="font-weight: 400;">Nevertheless, the price would break the $152 resistance this morning and test the next key resistance area around the $155 price level. Meanwhile, Ethereum formed a high near the $156 level and the price is currently on the move to consolidate more gains. </span>
<h2>Key Resistance Levels</h2>
<span style="font-weight: 400;">Moreover, it corrected below $152 level. Alongside, there was push beneath the 23.6% Fibonacci retracement level of the recent upward correction from a $142 low to a $156 high. Presently, the price is holding the $150 support and the 100 hourly SMA.  There is also a strong resistance forming near $155 and $156 resistance levels, both of which could push the price to further low.</span>
<span style="font-weight: 400;"> Additionally, a key declining channel is taking root. On which note is a bullish flag with resistance close to the $154 on the hour <a href="https://www.cryptoknowmics.com/crypto/ethereum-steady-correcting-but-downtrend-momentum-intact/">ETH/USD</a>  hourly chart. </span>
<h2>Fib Retracement Level</h2>
<span style="font-weight: 400;">An upside break beyond $155 and $156 resistance level could set off the price to a surge. Most likely, which could sustain more high moves towards the $165 resistance. Conversely, Ethereum’s price could trend towards high gains below the $150 support. Nevertheless, the altcoin has formed an initial support near the $148 level. The support indicates a 50% Fibonacci retracement level of the upward correction to a $156 high from a $142 low. </span>
<span style="font-weight: 400;">On the downside, the main support is closing towards the $142 level. In case of a price close below this support, a bearish perspective is likely to pull the price towards the $132 level. </span>

Ethereum (ETH)  on the Move Beyond $152 Key Resistance

Ethereum price is consolidating higher gains beyond key supports the United States Dollar. In sync with Bitcoin, Ethereum could rally an upward correction..

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

Ethereum (ETH) on the Move Beyond $152 Key Resistance

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