Connect with us

#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Bulls getting stronger?

Published

on

Ethereum price is well supported at around $139 and $140. ETH is currently moving upwards and might soon test $145 resistance level.

Technical Indicators:

Support Levels: $140, $139

Resistance Levels: $143, $145

 

Key Points:

  • After rising up to $146, Ethereum price started to correct downwards and tested the support around $139 and $140.
  • A lot of buyers emerged around $140 and $139 support levels and pushed the price back upwards.
  • ETH was able to break through a bearish pattern line which was formed with resistance around $141 on the hourly chart.
  • Ethereum price is currently moving upwards and might test $145 resistance level soon.

 

Ethereum Price Analysis:

Summary: Ethereum price is well supported at around $139 and $140. ETH is currently moving upwards and might soon test $145 resistance level.

Ethereum price started to correct downwards after rising up to $146. ETH moved below $142 support level and tested the support around $139 and $140. Buyers were able to push the price upwards from this range. Ethereum started an upward correction from the 100 hourly SMA and $139 support and soon moved above $140.

ETH was able to break through a bearish pattern line which was formed with resistance around $141 on the hourly chart. Ethereum price was able to close above $142 resistance level and but is currently facing a lot of sellers around $143. However, the major resistance lies at $145 above which the next resistance is at $150. If ETH price is able to break through $143 and $145 resistance, the overall momentum should turn quite bullish and Ethereum might even break through $150 resistance in the short term. The major support lies around $140 and $139 below which the price might turn bearish.

ETHUSD Price Chart 1 April

ETH/USD Price Chart 1 April

The chart shows that Ethereum price is well supported at $139 and $140 support levels and the 100 hourly SMA. If Ethereum is able to remain above this support range and break through the $143 and $145 resistance levels, it might soon move above $150. However, a break below $139 support level will turn the overall momentum bearish.

#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Turning Bullish?

Published

on

Ethereum price recently tested the $160 support level. However, ETH was able to gain momentum and move above $165 resistance level.

Technical Indicators:

Support Levels: $165, $160

Resistance Levels: $170, $175

 

Key Points:

  • Ethereum price moved downwards recently to test the support around $160.
  • The buyers around the support were able to push the price upwards and ETH corrected above $165 resistance level.
  • Ethereum price is currently getting stronger above $165 resistance level and 100 hourly SMA.

 

Ethereum Price Analysis:

Summary: Ethereum price recently tested the $160 support level. However, ETH was able to gain momentum and move above $165 resistance level.

 

Last week, Ethereum price traded in a bearish momentum falling below $170 support level. ETH even moved below $165 support which later turned into a resistance level. However, the buyers around $160 support were able to stop further losses and ETH was able to break through $165 resistance level and settle above the 100 hourly SMA.

 

Currently, Ethereum is trying to break above $170 resistance with nice support at $165. If the buyers are able to gain momentum, Ethereum price might soon move above $170 in order to test the $175 resistance level. The current momentum is bullish, however, ETH might test the $165 support level again before starting to rise upwards. If the support is broken, Ethereum will move towards $160 below which it might turn bearish. On the upside, there is a strong resistance around $170 and $175 levels which might be difficult to break.

 

ETHUSD Price Chart 15 April

ETH/USD Price Chart 15 April

 

The chart whos that Ethereum price is currently trading in a bullish momentum, however, the momentum might turn bearish if ETH moves below $165 support and 100 hourly SMA. On the upside, Ethereum might test the $170 resistance again in order to move towards $175 level. The resistance around these levels is very strong and ETH might crash downwards again.

Continue Reading

#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Can ETH rise?

Published

on

Technical Indicators:

Support Level: $155

Resistance Level: $180

Key Points:

  • Ethereum price started to rise again breaking through $160 resistance level.
  • After rising up to $180, ETH started a downward correction.
  • A bullish pattern is being formed on the hourly chart with support around $153.
  • Ethereum price will remain bullish if it breaks through $180 resistance level.

 

Ethereum Price Analysis:

Summary: Ethereum price is currently trading in bullish momentum. ETH might break through $180 resistance level towards $200 if buyers remain in action.

ETH price momentum became quite bullish this week after breaking through $140 resistance level. Ethereum price settled well above $155 resistance level and the 100 hourly SMA. The upward move was quite strong and even broke through $170 resistance level. Ethereum went up to $182 to test the resistance between $180 and $185 before correcting downwards. However, the support around $155 stopped further losses.

Ethereum soon recovered upwards and moved over $165 resistance level. However, currently, ETH is facing a lot of selling pressure around $170 which could push the price back downwards. It Ethereum moves below $155 support level, it could turn bearish and fall towards $140 range, however, if the buyers remain in action and move the price above $180, it could result in ETH testing $200 range. There is a bullish pattern formed on the hourly chart with support around $153. Also, a breakout triangle is placed with resistance around $170.

ETHUSD Price Chart 7 April

ETH/USD Price Chart 7 April

The chart shows that Ethereum is currently bullish and well placed over $150 support level. However, if the price falls below $155, it could become bearish and fall back to $140 range.

Continue Reading

#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Going back to $140?

Published

on

Ethereum price crashed hard below $160 after rising up to $180 resistance level. If ETH falls below $150 support, it might crash to $140 level soon.

Technical Indicators:

Support Level: $150

Resistance Levels: $160, $165

 

Key Points:

Ethereum price crashed sharply after reaching up to $180.

During the downward momentum, $170 and $165 support levels were broken.

A bearish pattern is being formed with resistance around $160 which might lead to a sharp downfall.

Ethereum price will most likely move towards $150 range before it could start correcting upwards.

 

Ethereum Price Analysis:

Summary: Ethereum price crashed hard below $160 after rising up to $180 resistance level. If ETH falls below $150 support, it might crash to $140 level soon.

After showing bullish momentum for the past few days (following bitcoin), Ethereum price faced a massive amount of resistance around $180 which led to a significant crash which broke through $170, $165 and $160 support levels which were very crucial for further gains. ETH was moved below the 100 hourly SMA and also traded as low as $153.

Ethereum price is currently facing a lot of selling pressure and it might test $150 support level soon before it could start an upward move. If however, the $150 support is broken, ETH might fall back towards $140 range. Also, it is very essential for Ethereum to clear through $165 resistance level in order to become bullish again. A bearish pattern is also being formed on the hourly chart with resistance around $160.

ETHUSD Price Chart 5 April

ETH/USD Price Chart 5 April

The chart shows that Ethereum price is correcting downwards and might fall below $150. It is very essential to settle above $160 and $165 resistance levels in order to remain bullish otherwise the momentum might turn bearish again.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.