Ethereum Price Weekly Forecast: ETH Holding Uptrend Support

Ethereum price is currently holding a significant support against the US Dollar, while bitcoin is declining. Besides, it traded above the 23.6% Fib retracement level of the downward move from the $194 swing high to $180 low.

Only a daily close below the $178 support could start another downward move towards the $160 level. The above chart indicates that Ethereum price is clearly holding a couple of important uptrend supports near the $178 level.

Timeline of Ethereum