ADVERTISEMENT

ETH will fall? Ethereum Price Analysis 23 Sep

ADVERTISEMENT

Must Read

Price Analysis of BTC, ETH, XRP: 19th September

With the recent addition of $53 billion by the Feds in the banking system has affected the price of...

North Korea’s latest weapon: Cryptocurrency

After China, now North Korea is planning to work on building its cryptocurrency to avoid strict international sanctions and...

Arab Switzerland Bank accepting cryptocurrencies: Swiss crypto interest increasing?

As more and more banks are collaborating with fintech firms to enter the growing list of well-known players entering...

Ethereum Price Key Features

  • Ethereum price is exchanging with a positive inclination over the $220 level against the US Dollar.
  • There is a noteworthy bullish pattern line framed with support at $224 on the 4-hours outline of ETH/USD (information feed by means of Kraken).
  • The combine is at present attempting to break the $252 resistance and is rectifying lower.

Ethereum price is exchanging with positive moves versus the US Dollar and Bitcoin. ETH/USD could decay a couple of focuses, however it stays supported above $220.

Ethereum Price Analysis

This previous week, there was a gradual ascent from the $190 swing low in Ethereum price against the US Dollar. The ETH/USD combine exchanged higher and broke the $200, $210 and $240 resistance levels. There was likewise a nearby over the $220 level and the 100 straightforward moving normal (4-hours). The price exchanged as high as $255 and it is right now redressing lower towards the $220 level.

It has broken the 23.6% Lie retracement level of the last leg from the $197 low to $255 high. Be that as it may, there is a solid support close to the $226 level and the 100 hourly SMA. All the more essentially, there is a noteworthy bullish pattern line shaped with support at $224 on the 4-hours diagram of ETH/USD. Moreover, the half Lie retracement level of the last leg from the $197 low to $255 high is close $226. Along these lines, if the price plunges from the present levels, it could discover support close to the $226 and $224 levels. Underneath these, the price may maybe decay back towards the $200-203 support region.

ETHUSD Weekly Price Chart
ETHUSD Weekly Price Chart

The above graph demonstrates that Ethereum price is put pleasantly above $220. Be that as it may, there is likewise a solid resistance zone close to the $270 level. Purchasers need to clear the $255 and $270 levels to set the pace for more gains towards the $300 level in the close term.

4-hours MACD – The MACD is marginally put in the bearish zone.

4-hours RSI – The RSI is as of now well underneath the 50 level.

Significant Support Level – $224

Significant Resistance Level – $270

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

3 comments

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

Price Analysis of BTC, ETH, XRP: 19th September

With the recent addition of $53 billion by the Feds in the banking system has affected the price of...

More Articles Like This