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#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Will Resistance lead to crash?

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Ethereum price is currently trading in a short range. ETH must clear the resistance between $142 and $144 in order to resume the bullish momentum.

Technical Indicators:

Support Levels: $140, $139

Resistance Levels: $142, $145, $150

 

Key Points:

  • Ethereum price fell downwards to test the $139 support level yet again.
  • The current momentum is positive, however, it is very essential for ETH to break through $142 and $144 resistance levels in order to avoid losses in the short term.
  • A bearish pattern is being formed with resistance around $142 on the hourly chart which might lead to a downfall.
  • Ethereum price is currently trading in a short range and a sudden move is foreseen shortly.

 

Ethereum Price Analysis:

Summary: Ethereum price is currently trading in a short range. ETH must clear the resistance between $142 and $144 in order to resume the bullish momentum or it might fall below $139 support level soon.

Ethereum recently fell beneath $140 support level, however, the support at $139 proved strong enough to stop further losses. The price was able to rise and close over $140 and 100 hourly SMA. Buyers were able to push the price back above $142, but could not cross over $143 resistance level.

A bearish pattern is being formed on the hourly chart with resistance around $142 which might lead to a fall in price. ETH has tested the $139 support level for a few times now and if the sellers push the price downwards from the current resistance, ETH might move below $139 support and turn bearish. However, the current momentum is positive and Ethereum price is moving upwards in order to test the $142 resistance level. It is very essential for ETH to break through the bearish pattern and resistance between $142 and $144 in order to maintain the bullish momentum in the short term.

If buyers are able to push the price above $145, ETH might soon test $150 resistance level. However, the current support lies around $140 (100 hourly SMA) and $139 below which Ethereum price will turn bearish.

ETHUSD Price Chart 2 April

ETH/USD Price Chart 2 April

The chart shows that Ethereum price is currently fighting to maintain the bullish momentum and strong resistance is formed between $142 and $144. If buyers are able to break through this range, ETH will start a fresh upward move, however, if the sellers are able to move the price below $139 support level, Ethereum might crash to $135 and $130 support range soon.

#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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