yobit.net вход yobit.net вход
ETH to USD: Ethereum Price Analysis, Bulls loosing pace? – Coinnounce

ETH to USD: Ethereum Price Analysis, Bulls loosing pace?

Technical Indicators:

Support Levels: $140, $139

Resistance Level: $142, $144, $146

Key Points:

  • Ethereum price was quite bullish this week and broke through $140 and $144 levels which were major resistances.
  • ETH is facing a downward correction currently, however, the support $140 is strong and most probably it will stop further losses.
  • A bullish pattern is formed with support around $140 on the hourly chart.
  • The bulls will remain in action until the price remains over $140 support.

Ethereum Price Analysis:

Summary: Ethereum price is currently in a bullish momentum against both Bitcoin and USD. ETH might test $140 support before starting to rise again.

ETH price momentum was bullish this week as Ethereum found good support around $137 which helped in the upward momentum. The buyers pushed the price above $140 and $142 resistance levels and Ethereum was able to close successfully over $140 and 100 hourly SMA. Further Ethereum even broke through the $144 resistance zone and even tested the $146 level after which the price started to correct downwards.

The price fell below $142 support level, however, the $139 and $140 support proved strong. Also, there is a bullish pattern line formed with support around $140 on the hourly chart. Currently, Ethereum price is testing the resistance around $142.

As long as Ethereum remains above $140 support, there are chances of another bullish spike, however, if ETH price falls below $140 and $139 support, it might turn bearish.

ETH/USD Price Chart 31 March

The chart shows that ETH is currently in a bullish trend, however, the buyers need to maintain support around $140. Etherum is currently facing two major resistances around $142 and $144 above which there are chances that ETH might test $150 resistance level soon.

Janet F. Sanchez

Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

View Comments

Recent Posts

Why Libra Cryptocurrency by Facebook is the Future for Global Payments

For the past six months and maybe even longer, Facebook has been eyeing the cryptocurrency industry in what many believe…

1 hour ago

Bitcoin Price Analysis 19 June, BTC to $10000 today?

General Introduction (Bitcoin Price): Yesterday (June 18), most of the top 20 cryptocurrencies report moderate losses on the day, given…

7 hours ago

Ethereum Price Analysis 19 June, Can ETH reach $305 today?

Ethereum ETH USD Dominant Trend: Bullish Resistance Levels: $285, $295, $305 Support Levels: $245, $235, $225 Ethereum (ETH) tried to…

7 hours ago

Ripple Price Analysis 19 June: XRP is Bullish

Ripple XRP USD Dominant Trend: Bullish Supply Levels: $0.47, $0.48, $0.49 Demand Levels: $0.39, $0.38, $0.37     The value…

7 hours ago

Five Reasons for the Current Rise of Bitcoin Price

During the course of the weekend, Bitcoin, the top cryptocurrency by market cap spiked to $9,000 for the second time…

23 hours ago

Litecoin Price Analysis, 18th June: LTC about to crash?

LTC/USD Dominant Trend: Bearish Resistance Levels: $145, $150, $155 Support Levels: $120, $115, $110   Litecoin Price Analysis Litecoin price…

1 day ago

This website uses cookies.