Ethereum Price Weekly Forecast: ETH Primed For More Downsides - newsBTC

An initial resistance is near the $141 level, which is near the 23.6% Fib retracement level of the recent decline from the $146 high to $140 low. Additionally, the trend line also coincides with the 50% Fib retracement level of the recent decline from the $146 high to $140 low.

Thus, if there is a successful close above the $146 resistance, the price could continue to recover towards the $152 and $155 resistance levels. The above chart indicates that Ethereum price is facing a lot of hurdles near the $142 and $146 levels.

Timeline of Ethereum