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#Ethereum Price Analysis

ETH Price Analysis: Ethereum about to fall?

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ETH price was unable to recover nicely. Ethereum is currently struggling to gain momentum and it might fall downwards towards $130 in short term.

Technical Indicators

Support Level – $134

Resistance Level – $142

  • ETH price was unable to break over the $140 and $145 resistance levels against the US Dollar.
  • The price broke the $136 support level but later started to correct upwards, currently struggling around $137.
  • ETH price is currently in a bearish zone and it could fall beneath the $131 and $130 levels if sellers remain in pace.

ETH price was unable to recover nicely against the US Dollar and bitcoin. Ethereum is currently struggling to gain momentum and it might fall downwards towards $130 in short term.

 

ETH Price Analysis

After falling to $130, ETH price began an upward correction against the US Dollar.  Ethereum moved above the $136 and $137 resistance levels. In any case, the upside move was stopped by the $140 and $142 resistance levels. ETH price failed to close above $141-142 resistance zone, bringing a new decrease.

The price broke the $137 and $136 support levels to begin a new bearish move. It exchanged beneath the $136 support and settled underneath the 100 hourly SMA. There are bearish signs underneath $136 and proposes more losses in the short term.

If the selling price drives the price beneath the $133 level, ETH price could fall to the $130.The major resistance is around $140. An effective close above this resistance pursued by a break over the 100 hourly SMA is required for more gains.

ETHUSD Price Chart

ETHUSD Price Chart

Taking a look at the chart, Ethereum price is currently in a bearish momentum and it could fall underneath the $130 level. The major support after $130 is around $128. Underneath this support, the price could return to the $120 zone.

#Ethereum Price Analysis

ETH to USD, 21 May: Ethereum Price Analysis, What’s Next?

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Ethereum price is currently trading in a positive momentum over the $245 support level. ETH will most likely test the $265 resistance again.

Technical Indicators:

Support Level: $240, $230, $225

Resistance Level: $265, $270, $280

Key Points:

  • Ethereum price tested $265 resistance level recently after which it started to correct downwards.
  • Ethereum price found decent support at $240 level which stopped further losses.
  • Currently, ETH is trading well above $240 support level and the 100 hourly SMA.
  • A bullish pattern line is also being formed on the hourly chart with the support between $240 and $245.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price is currently trading in a positive momentum over the $240 support level. ETH will most likely test the $265 resistance again in order to move towards $270 and $280 levels.

 

Ethereum price declined sharply after testing the $265 resistance level yesterday. ETH moved below $250 support level and tested the $240 zone. However, the buyers were able to stop further declining at this point and moved ETH back above $242 level and the 100 hourly SMA. Ethereum price struggled hard to gain momentum and move above $250 level.

 

Currently, Ethereum price is trading well above $240 support level, however, it is facing a very strong resistance around $265 and $270 which might lead to a fresh decline and ETH might soon test $240 level again below which the momentum might turn bearish and Ethereum price might move towards testing the $225 and $200 levels. It is very essential for Ethereum price to break above $270 level in the short term in order to maintain the positive momentum.

 

A bullish pattern line is also being formed on the hourly chart with the support between $240 and $245. This might help in pushing ETH back upwards in case of a downward correction. However, below this level and the 100 hourly SMA, the momentum might turn bearish.

 

ETH to USD Price Chart 21st May

ETH to USD Price Chart 21st May

The chart shows that ETH price is currently struggling hard to gain momentum. If ETH price falls below $240 support level, it could decline towards $225 and even $200 in the short term. However, if the bulls are able to break above $270 level, there are chances that Ethereum price might test $280 and $290 levels.

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#Ethereum Price Analysis

ETH to USD, 17th May: Ethereum Price Analysis, About to Crash?

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Ethereum price moved ahead and tested the $280 resistance and later started to correct downwards. ETH is currently supported at $250 and $230 levels.

Technical Indicators:

Support Level: $250, $230

Resistance Level: $270, $275

 

Key Points:

  • Ethereum price moved upwards to test the $280 resistance level before starting to correct downwards.
  • The sellers pushed the price below $270 and $260 support levels.
  • A bullish pattern is being formed on the hourly chart with the support at around $250.
  • It is very essential for Ethereum price to stay above $250 and $230 support levels in order to maintain its upward trend.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price moved ahead and tested the $280 resistance and later started to correct downwards. ETH is currently supported at $250 and $230 levels.

After falling back to the $240 level, Ethereum price started to rise massively and broke above $250 and $260 resistance levels. ETH even broke above $270 resistance level and even tested the $280 resistance level and recorded a new yearly high at around $280 before starting to correct downwards. The bears pushed the price below $270 and $260 support levels. The $250 area acted as a decent support and stopped further losses.

 

Currently, ETH price is facing a lot of pressure around $270 which might push the price towards testing the $250 and even $230 support levels. There is currently a bullish pattern being formed on the hourly chart with the support at around $250. However, if ETH breaks below this level, it might start a downward momentum and move towards $230 below which the overall momentum might turn bearish. The $230 support and the 100 hourly SMA is a very crucial area for Ethereum price currently as a break below this level could turn ETH price towards $200 and even $180 levels.

 

ETH to USD Price Chart 17th may

ETH to USD Price Chart 17th May

The chart shows that Ethereum price is currently struggling to maintain its position above $250 and might soon move towards testing the $230 or even $200 level before it could start a fresh upward momentum. It is very essential for ETH to break and settle above $270 level in order to maintain the bull run.

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#Ethereum Price Analysis

Alert: ETH to USD, 16th May: Ethereum Price Analysis

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Technical Indicators:

Support Level: $260, $255, $245

Resistance Level: $270, $290, $300

Key Points:

  • Ethereum price surged massively in the last 24 hours breaking above $250 resistance level.
  • ETH gained more than 20% and tested the $270 range.
  • A bullish pattern is also being formed on the hourly chart with support around $245.
  • If the bulls remain in action, Ethereum might soon test $300 resistance level.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price picked up bullish pace and gained more than 20% in just 24 hours. ETH tested $270 level and looking at the current momentum, it seems that ETH might soon test $300 level.

 

Ethereum price increased massively yesterday after breaking through the $220 resistance level The bulls took control and broke above the major resistance around $240 and $250 levels. The buyers pushed the price towards $270 resistance level where a lot of sellers were placed and ETH started to correct a few points downwards. However, the $260 level turned into decent support and currently Ethereum price is trading well above this level and the 100 hourly SMA.

 

Ethereum price recorded a high at around $270 and is still in a bullish momentum and ETH might soon break above the level to test the $300 resistance zone. On the downside, Ethereum is well supported around $260 below which ETH might test $255 and $245 support level. Also, there is a bullish pattern being formed on the hourly chart with the support at around $245 which might push the price upwards again. The current resistance for ETH lies around $270 above which the price might surge towards $290 and $300 levels. The $300 level is currently most crucial for ETH.

 

ETH to USD Price Chart 16th May

ETH to USD Price Chart 16th May

The chart shows that Ethereum price is currently moving upwards will a bullish force and trying to break above $270 resistance. The overall momentum is quite positive and ETH might test $290 and $300 levels in the coming sessions.

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