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Analysis

Ethereum Analysis – 18.01.19

Recently, the price of Ethereum climbed above the resistance of $ 125, trying to break $ 128 line. However, the pair of Eth / USD failed to gain strength above the resistance of $ 128 and later dropped.

It moved below the support levels of $ 125 and $ 123. More importantly, it had a break below $ 121 and a 100-hour simple sliding average. However, support levels of $ 116 and $ 117 once again proved solid support and prevented further losses.

The bottom was formed close to $ 117.27 and the price later recovered. It climbed above the level to 23.6% from the last decrease from $ 128 to $ 117. On the upside, there are many obstacles for buyers, starting at the level of $ 123 and the 100-hour simple sliding average. It also coincides with the level of 50% from the last decrease from $ 128 to $ 117. The Eth price is likely to struggle to break the resistance levels of $ 123, $ 125 and $ 128.