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#Ethereum Price Analysis

Ethereum Price Analysis: Can ETH recover back?

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Ethereum Price Key Features

  • Ethereum price rectified lower strongly in the wake of exchanging over the $222 level against the US Dollar.
  • There is a key bullish pattern line set up with support at $208 on the 4-hours outline of ETH/USD.
  • The pair is probably going to move higher as long for what it’s worth over the $208 and $206 support levels.

Ethereum price is merging late misfortunes versus the US Dollar and Bitcoin. ETH/USD may maybe move higher above $220 on the off chance that it remains over the $206 support.

 

Ethereum Price Analysis

This previous week, we saw a strong bullish wave over the $202 and $210 resistances in ETH price against the US Dollar. The ETH/USD pair picked up pace over the $220 level and settled over the 100 straightforward moving normal (4-hours). The pair exchanged as high as $223 and later began a drawback remedy. It declined underneath the $220 and $210 support levels, however, purchasers showed up close to the $206 support.

All the more essential, there is a key bullish pattern line set up with support at $208 on the 4-hours diagram of ETH/USD. The pattern line support, $206, and the 100 straightforward moving normal (4-hours) are imperative. The price is as of now merging above $206 and it as of late moved over the $210 resistance. There was a break over the 23.6% Lie retracement level of the ongoing drop from the $223 high to $206 low. Also, there was a push over the 23.6% Lie retracement level of the ongoing decay from the $223 high to $206 low. Be that as it may, purchasers attempted to pick up force over the $212-214 resistance.

 

ETHUSD 5 day chart 11 November

ETH/USD 5 day chart

 

The above outline demonstrates that Ethereum price is as of now exchanging pleasantly over the $206 support and the 100 SMA. For whatever length of time that there is no nearby underneath $206, the price could skip back above $215 and $220.

4-hours MACD – The MACD is going to move into the bullish zone.

4-hours RSI – The RSI is right now level close to the 50 level.

Real Support Level – $206

Real Resistance Level – $220

#Ethereum Price Analysis

ETH Price Analysis: Ethereum off to $150?

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ETH Price is currently trading positively. Ethereum will most likely move towards $150 after it breaks the current resistance around $142 and $144.

Technical Indicators:

Support Level: $137

Resistance Level: $144

 

Key Points:

  • ETH Price started to correct downwards recently and tested the $137 support level.
  • ETH Price will most likely test the $142 resistance level in the short term.
  • Ethereum must break the $142 and $144 resistance level in order to move towards $150.

 

ETH Price Analysis:

Summary: ETH Price is currently trading positively against both USD and BTC. Ethereum will most likely move towards $150 after it breaks the current resistance around $142 and $144.

Ethereum showed bullish moves this week after breaking the major resistance around $134, 136 and $140. ETH price reached to a weakly high at $144 before it started to correct downwards. The downward momentum was able to break the $140 support level, however, Ethereum was well supported at $137 and the 100 hourly SMA which was able to stop further losses.

Currently, ETH price is trading well above $137 support level after the recent decline from $144 to $137. Ethereum could face hurdles in trying to move upwards, however, the overall momentum is still bullish and Ethereum will most likely test the $142 resistance soon.

However, the major resistance is around $144 and if ethereum is able to break this resistance, it could move upwards directly to test the next resistance around $150. On the downside, the major support is at $137 beneath which the price could test $134 support level.

ETHUSD Price Chart

ETH/USD Price Chart

The chart shows that Ethereum recently corrected downwards, however, the support around $137 was strong enough to stop further losses. If the buying pressure increases, it could lead to Ethereum breaking the $144 resistance and move towards $150. However, If Ethereum breaks below $137 support, it could test $134 before moving further downwards.

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#Ethereum Price Analysis

ETH Price Analysis: Ethereum ready for bull run?

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ETH price is currently in a bullish momentum against bitcoin as well as USD. Ethereum was able to reach up to $144 before the downward correction started.

Technical Indicators:

Support Level: $134

Resistance Level: $144

 

Key Points:

  • This week, ETH price was able to break the crucial resistance at $134.
  • ETH price was able to settle above this range which resulted in the overall momentum getting bullish.
  • Currently, Ethereum is facing a downward correction, however strong support is formed at $134 (which was the previous resistance level) which will most likely push the price upwards again.

 

ETH Price Analysis:

Summary: ETH price is currently in a bullish momentum against both bitcoin as well as USD. Ethereum was able to reach up to $144 before the downward correction started. However, the overall situation is still positive.

This week, Ethereum face a lot of hurdles in trying to move above $132 resistance level. ETH price fell down to $128 support level which pushed the price a little upwards. Ethereum found support around $130 and buyers were finally able to break the $132 resistance level. The momentum became bullish once this resistance was broken and hence, Ethereum was easily able to break the next resistance around $134 and the 100 hourly SMA.

Ethereum price soon started to march towards $140 resistance and was able to break through. ETH price tested the $144 resistance level but corrected downwards. A weekly high was formed around $144. ETH has a lot of support at $135, $134 and $133.

If Ethereum is able to break through the $144 resistance level, there are chances of ETH spiking straight above $150. However, if somehow ETH breaks the $134 support during downside correction, it may result in the overall momentum turning bearish.

ETHUSD Price Chart

ETH/USD Price Chart

The chart shows that Ethereum is currently in a bullish momentum after breaking $134 region. The current resistance lies at $144 range and the major support is at $135. There is a lot of bullish momentum foreseen as long as the price stays above $135 support and the 100 hourly SMA.

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#Ethereum Price Analysis

Ethereum Price Analysis: Will ETH break $150 resistance?

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Technical Indicators:

Support Level: $137

Resistance Level: $140

Key Points:

  • As discussed yesterday, Ethereum price spiked upwards breaking the $134 resistance level.
  • ETH was able to break and settle above the $136 resistance.
  • Ethereum is trading close to the $140 resistance level and will likely try to break it in the near term.

 

Ethereum Price Analysis

Summary: Ethereum price started a bull rally breaking many resistances in between. The current resistance lies at $140 and $145 and ETH will most likely try to break these in the short term.

As discussed yesterday, the Ethereum price started to rise upwards by breaking the $134 resistance level. The momentum soon turned bullish as ETH spiked towards to $140 level. New support was formed at $133. The price was able to move and stay above the 100 hourly SMA and $134 level after which Ethereum gained momentum and started to test and break the next resistance.

ETH price was able to break through the $138 resistance level and is currently testing the $140 level. The resistance around $140 is quite strong and the price even corrected downwards after testing this level. However, on the downside, Ethereum is well supported and will most likely test the $140 resistance soon in order to move upwards towards $145 and $150 range.

ETHUSD Price Chart

ETHUSD Price Chart

The current support lies at $137 and if Ethereum price corrects downwards and breaks this support, the next support lies at $134 which was the previous resistance. If Ethereum is able to break the current resistance, it might soon test $145 and $150 resistance levels. The current momentum is quite bullish and a bull rally is being predicted in the near term.

The chart shows that ETH is currently trading in a bullish momentum above the $137 support level. It might face dips in between trying to move upwards, however, the overall forecast is bullish and Ethereum price might soon move above $140 range.

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