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Ethereum Price Prediction: ETH/USD Regains Ground But $200 Still Unconquered

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ETH Price Prediction – April 24

ETH/USD is recovering, moving in sync with the market. A sustainable move above $195 may improve the technical picture.

ETH/USD Market

Key Levels:

Resistance levels: $220, $225, $230

Support levels: $155, $150, $145

ETHUSD – Daily Chart

ETH/USD has continued to rise further higher until it finds resistance at the expected level of $195. Looking at the daily chart, we can see that ETH/USD even spiked higher into the resistance level at $190.14 in the early hours of today. Therefore, if the buyers continue to push the market higher, the immediate resistance above $210 level will be located. Above this, further resistance levels lie at $220, $225, and $230.

Alternatively, if the bears try to bring down the price below the 9-day and 21-day moving averages, the bears can expect immediate support to be located at $180 which is below the trend line of the channel. Below $160, further support is found at $155, $150, and $145. Meanwhile, the RSI (14) is moving above the 60-level, which indicates that more bullish signals may come to play.

When compared with Bitcoin, Ethereum is still trading around the 9-day and 21-day moving averages within the ascending channel and the price is now hovering at 2496 SAT as the stochastic RSI nosedives towards the 40-level. Although the bulls remain the dominant of the market as the pair seems to be moving towards the upper boundary of the channel.

ETHBTC – Daily Chart

However, looking at the upside, the resistance levels to be reached lies at 2700 SAT and 2800 SAT. Conversely, a lower sustainable move may likely cancel the bullish pattern and this could attract new sellers to the market with the next focus on 2300 SAT and 2200 SAT support levels.

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