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Ethereum Price

The 50% Fib retracement level of the recent wave from the $165 low to $179 high is also near the channel support area. Therefore, Ethereum is likely to find bids near the $172 area.
On the upside, the first major hurdle for the bulls is near the $180 level. A successful break above the $180 resistance area could set the pace for more gains above $190.
The main resistance above $180 is near the $195 and $200 levels, where sellers are likely to emerge. A clear break above the $200 barrier would suggest an opening for a long term uptrend.