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#Ethereum Price Analysis

ETH to USD, 13th May: Ethereum Price Analysis, Going Back to $160?

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Technical Indicators:

Support Levels: $178, $170, $160

Resistance Levels: $190, $195, $200, $210

 

Key Points:

  • Ethereum price moved over the $200 resistance level recently before starting to correct downwards.
  • The increased selling pressure moved ETH price back below $190 support level towards the $180 level.
  • A bullish pattern is currently being formed on the hourly chart with support at around $185.
  • ETH might test the $180 or even $170 support level again before starting a fresh upward move.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price started to correct downwards following bitcoin. ETH is currently supported by $180 below which the price may test the $170 and $160 levels.

 

Ethereum price also surged following bitcoin this week, rising above $180 resistance level. ETH was also able to break above $190 and $195 resistance levels. Strong resistance was formed around $200 however, the bulls were also able to break above this level rising up to $208 and settling above the 100 hourly SMA. However, Ethereum price soon started to correct downwards and moved below $190 support level. ETH even moved below $185 support level, however, the support around $180 proved strong and Ethereum price started to move upwards after reaching up to $182.

 

Currently, Ethereum price is situated well above $180 support level and the 100 hourly SMA. The current resistance lies around $190 and $195 above which ETH might test the $200 and $210 levels again. However, it seems that ETH might correct downwards below $180 support level before a fresh rise can occur. Below $180 support level, ETH might test the $170 or even $160 levels in the short term.

 

A bullish pattern is also being formed on the hourly chart with the support at around $185. It is very essential for Ethereum price to stay above the 100 hourly SMA and $178 level in order to stay bullish.

 

ETH to USD Price Chart 13th May

ETH to USD Price Chart 13th May

The chart shows that Ethereum price is currently correcting downwards, however, it is currently supported by $180 and $178 support levels. As long as ETH stays above $178 level and the 100 hourly SMA, it will likely stay bullish and move towards $200 level. Below $178, the overall momentum might turn bearish and Ethereum price might test the $170 and $160 levels.

#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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#Ethereum Price Analysis

ETH to USD, 15th May: Ethereum Price Analysis, Bulls vs Bears12

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Ethereum price spiked upwards and broke above $210 and $220 levels. ETH is currently in an uptrend and will most likely test $225 and $230 levels.

Technical Indicators:

Support Levels: $210, $200

Resistance Levels: $225, $230

 

Key Points:

  • Ethereum price broke above $210 resistance and even tested the $225 resistance zone.
  • As long as ETH is above $200, it is in a positive zone and might soon test $225, $230 and $240 resistance levels.
  • A bull pattern is being formed on the hourly chart with the support at around $210.
  • ETH is currently supported at $210 and $200 levels.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price spiked upwards and broke above $210 and $220 levels. ETH is currently in an uptrend and will most likely test $225 and $230 resistance levels soon.

 

Ethereum price traded with a bullish momentum yesterday and broke above $210 resistance level. $200 level was turned into good support for ETH which helped in clearing above $210 level. The bulls were able to push the price well above the 100 hourly SMA and $215. Ethereum price soon moved over $220 and even tested the $225 resistance level where sellers appeared and ETH started a downward correction.

 

The current support for ETH lies at $210 below which it might test $200 level. A bullish pattern line is also being formed on the hourly chart with the support at $210. If ETH is able to break above $225 resistance level, it might soon test $230 and $240 levels. However, it seems that Ethereum price might correct downwards towards $210 or even $200 levels before it can start a fresh bull run.

 

ETH to USD Price Chart 15th May

ETH to USD Price Chart 15th May

The chart shows that Ethereum price is currently trying to gain momentum above $210 and $200 support levels. Until Ethereum stays above $200, it is in a positive zone and might move towards $225 and $230 levels soon. However, the momentum might turn bearish if ETH falls below $200 support level.

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