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#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Will Bulls Remain in Action?

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Technical Indicators:

Support Levels: $143, $140

Resistance Levels: $146, $150

 

Key Points:

  • Ethereum price broke through $140 resistance level and became bullish.
  • With the upward momentum, ETH even broke through the $144 resistance and tested the $146 resistance level before starting to correct downwards.
  • A bullish pattern line is formed with resistance with support around $142 and $143 on the hourly chart.
  • If Ethereum faces a downward momentum, the support around $140 might prove strong enough to stop losses.

 

Ethereum Price Analysis:

Summary: Ethereum price is currently in a bullish momentum after breaking through $140 resistance. ETH is currently well supported above $140 and moving towards $150 resistance.

As we discussed yesterday, EThereum price gained bullish momentum after breaking through the $139 and $140 resistance levels. ETH corrected downwards at first, however, with support at $137, Ethereum price spiked upwards over $144 and $145 resistance levels. ETH went up to $146 before starting the downward correction.

Currently, ETH price is correcting downwards and might test $140 support level and the 100 hourly SMA soon, however, this support is strong enough to hold the gains for now. If the selling pressure increases, the support might be broken, and Ethereum might turn bearish. However, the current situation is quite bullish and Ethereum price might test the $150 resistance soon if the buyers remain in action.

There is a bullish pattern line being formed with support around $142 and $143 on the hourly chart. The current resistance lies at $146 and then $150.

ETHUSD Price Chart 30 March

ETHUSD Price Chart 30 March

The chart shows that ETH price is currently in a bullish momentum above $140 support level. If buyers are able to move the price above $146 resistance, Ethereum might test $150 level. However, currently, ETH is correcting downwards and might test $140 support level below which the momentum might turn bearish.

#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Turning Bullish?

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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.

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#Ethereum Price Analysis

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

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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.

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#Ethereum Price Analysis

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

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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.

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