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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

Ethereum Price Analysis: Will ETH rise or fall?

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The major support for Ethereum lies around $132 and Ethereum price may soon test this support before starting to gain traction again.

Technical Indicators:

Support Level: $132

Resistance Level: $143

  • Ethereum price started a correction falling below $140.
  • A bearish trend line is formed with a resistance close to $140.
  • Ethereum price might break the resistance around $140 before rising above in short term.

The major support for Ethereum lies around $132 and Ethereum price may soon test this support before starting to gain traction again.

 

Ethereum Price Analysis:

Ethereum price recently showed a bullish momentum rising from around $114 up to $144 in a matter of two days. However, the resistance around $145 proved to be quite strong as this is the point from where Ethereum started a downfall on December 25. Ethereum is currently trading around $134.7 (at the time of writing) and may soon test the support around $133 before starting to rise again. If Ethereum price is not able to break the support then the price will likely rise to test the resistance around $145 again. After the $145 resistance, the major resistance lies around $200, so we might see Ethereum rising up massively if the current resistance is broken.

ETHUSD 24 hour chart

ETHUSD 24 hour chart

Looking at the 24 hour chart, Ethereum price must break the resistance around $145 in order to move above. The support between $130 and $132 is quite strong and might not let Ethereum price to move below this range. However if somehow the support is broken, Ethereum might fall back around $115. The short-term trend is however bullish and Ethereum might test the resistance around $145 again in order to move further above.

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#Ethereum Price Analysis

Ethereum Price Analysis: is ETH going to rise?

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Ethereum price recently recovered against USD and is currently in a bullish momentum with small hurdles in between. The price is expected to rise further

Technical Indicators

Support Level:$99

Resistance Level: $110

Key Points

  • Ethereum price moved above $100 recently and traded as high as $110 before a bearish correction started.
  • The current support for Ethereum lies around $99.
  • Ethereum price can continue its bullish momentum as long as the support around $99 and $100 is strong.

Ethereum price recently recovered against USD and is currently in a bullish momentum with small hurdles in between. The price is expected to rise further if the current support at $99 remains strong with the buyer’s support.

 

Ethereum Price Analysis

Ethereum price showed a decent recovery recently after trading in a bearish zone for over a month. Etherum price broke the key resistance around $105 and moved as high as $110. However, the new resistance formed around $110 moved the price of Ethereum downwards to $100 mark. Ethereum is currently trading around $104 (at the time of writing) with the current major support around $99 and $100. There is a major bullish pattern line formed with the key support at $99. The price is expected to rise further and test the resistance around $110 again. If Ethereum is able to break through this key resistance with the help of the buying pressure, then Ethereum price can move up to $115 in short term.

ETHUSD 24 hour chart

ETHUSD 24 hour chart

Looking at the 24-hour chart, Ethereum price seems stable above $100 and a bullish trend line is set with support near $99. The price is expected to test the key resistance around $110 again which may either push the price downwards towards the support range of $99 which if broken can result in Ethereum going towards $95 support range or if Ethereum is able to break the key resistance, then the price of Ethereum will likely test the next resistance around $115.

 

Disclaimer: This article is not financial advice and represents the viewpoints of the writer and not Coinnounce. The readers are advised to do their own research before making any investment decisions in the cryptocurrency market.

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#Ethereum

Ethereum Miners are the best targets for Hackers, ETH mining is not profitable

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Down by 94% from its ATH, and currently trading at $87, Ethereum ETH mining has become a nightmare for miners. Hackers target Ethereum miners the most.

Down by 94% from its ATH, and currently trading at $87, Ethereum ETH mining has become a nightmare for miners. ETH mining is not only non-profitable but Ethereum miners are the best targets for crypto hackers according to a new report by ZDNet.


These crypto hackers are using a new way to steal your Ethereum with an enormous scanning effort to choose Ethereum wallets and ETH miners with an explicit vulnerability.

As per the report by ZDNet, crypto programmers are focusing on Etherum wallet and mining equipment through devices with an uncovered port 8545, the standard port for the JSON-RPC interface — an automatic API that sits on the nearby gadget and can be utilized to an inquiry for mining-related data.

Ethereum engineers had cautioned clients about the risks of uncovering the JSON-RPC interface when utilizing mining gear and Ethereum programming, educating clients to empower a secret word for the interface or enact a firewall to channel web traffic going to the powerless port.

By structure, the JSON-RPC interface doesn’t accompany a default secret phrase. It’s subject to clients setting one, which they once in a while do. For Ethereum wallets or mining gear whose port is left uncovered on the web, programmers can send directions to the API and remotely exchange assets out of the wallets.

The report expresses that mining rigs makers and Ethereum wallet engineers have done their bit to confine the harm caused by this risky interface by notice clients of the need to include a secret word. Others have gone the outrageous course of expelling the interface through and through, however, since this was certifiably not an assembled exertion, the issue holds on.

While there had been a lot of Ethereum scanning efforts in the course of the most recent two years, this is the first run through outputs have been accounted for in a bear advertise. Truth be told, the report refers to information from Tory Mursch, fellow benefactor of Bad Packets LLC, who told the news outlet that the output crusades tripled in December, contrasted with a month ago, when prices were steady.

 

“Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it’s pennies a day.”

 

Last year alone, hackers stole $32 million from Ethereum wallers using a small bug in multi-signature wallets. Is Ethereum really ready for medium and large-scale adoption with these vulnerabilities? Or is ETH a useless asset? Comment below.

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