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#Ethereum Price Analysis

ETH to USD, 9th May: Ethereum Price Analysis, Following Bitcoin?

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Technical Indicators:

Support Levels: $170, $164-165

Resistance Levels: $172, $175, $180

 

Key Points:

  • Ethereum price was able to fund support around $165 and recovered nicely.
  • ETH price was able to break above the $170 resistance level.
  • There is a bearish pattern being formed with resistance around $172 on the hourly chart.
  • The bulls seem quite strong at the moment and Ethereum might soon break above $172, $175 and $180 resistance levels.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price started trading in a positive momentum yesterday after the sudden surge in the price of bitcoin. ETH is currently trading well above the $170 support level and moving towards testing the $180 resistance.

 

Ethereum price corrected downwards yesterday, falling below the $170 support level. ETH price even broke below the $168 level and the 100 hourly SMA. Ethereum price tested the $164-165 support level where the bulls were able to regain momentum and turn the price upwards. The buyers were able to push the price above $168 resistance level and the 100 hourly SMA.

 

Currently, Ethereum price is trading well above the $170 support level and the 100 hourly SMA. There is a minor resistance level around $172 after which the overall momentum shall turn bullish. The next resistance lies around $175 after which Ethereum price might test $180 resistance zone.

 

Bitcoin price surged to a new yearly high around $6080 yesterday and unsurprisingly other top altcoins also followed bitcoin and surged. Ethereum price gained momentum as soon as the price of bitcoin went above $6000 range. If ETH price corrects downwards, there is strong support formed around $168 and the 100 hourly SMA below which it might test the $164-165 and $160 support levels.

 

ETHUSD Price Chart 9th May

ETH/USD Price Chart 9th May

The chart shows that ETH price is currently gaining bullish momentum above the $170 support level. However, it is very essential for Ethereum price to break above the $172 resistance level in the short term in order to move ahead and test the $175 and $180 regions. Ethereum price might also move above the $180 level in the short term if the buyers remain in action.

#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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