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#Ethereum Price Analysis

Ethereum Price Analysis: Can ETH rise again?

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Ethereum Price Key Features

  • Ethereum price fell and took the $205 support region and went up later against the US Dollar.
  • There is a noteworthy breakout pattern framed with resistance at $209 on the hourly graph of ETH/USD.
  • The pair is probably going to break to the upside over the $209 and $210 resistance levels.

Ethereum price is holding key supports against the US Dollar and bitcoin. ETH/USD could continue its upside move once there is a break above $209-210.

 

Ethereum Price Analysis

As of late, ETH price began a drawback revision in the wake of exchanging to the week after week high at $218.63 against the US Dollar. The ETH/USD pair declined and exchanged beneath the $215.00 and $210.00 support levels. There was even a spike underneath the 61.8% Lie retracement level of the last wave from the $200 swing low to $218 high. In any case, the price remained over the $205.00 support and the 100 hourly straightforward moving normally.

Right now, the price is exchanging over the $208 level and it appears as though it is getting ready for more gains. All the more essential, there is a noteworthy breakout design shaped with resistance at $209 on the hourly diagram of ETH/USD. The pair is probably going to clear the triangle resistance and afterward $210 for a crisp upside move. In the made reference to the case, the price may well exchange higher towards the $215.00 or $218.00 level. Then again, if there is a drawback break, the price could retest $205.00. Furthermore, the 76.4% Lie retracement level of the last wave from the $200 swing low to $218 high is a better than average support at $204.

 

ETHUSD 5 day chart

ETHUSD 5 day chart

 

Taking a gander at the outline, Ethereum price is put pleasantly in an uptrend above $205. Subsequently, there are high conceivable outcomes of a new bullish inclination over the $210.00 and $215.00 levels in the close term.

Hourly MACD – The MACD is going to move back in the bullish zone.

Hourly RSI – The RSI is moving higher and it as of now well over the 50 level.

Significant Support Level – $205

Significant Resistance Level – $210

#Ethereum Price Analysis

Ethereum Price Analysis: Can ETH cross 200?

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Ethereum price is likely getting ready for an all-encompassing remedy above $179. Upsides will in all probability confront sellers close $194.

MACD – Set in the bullish zone.

Relative Strength Index – Moving higher towards the 50 level.

Support Level – $165

Resistance Level – $194

 

Key Points

  • ETH price is shaping a not too bad support over the $165 level against the US Dollar.
  • There is a noteworthy bearish pattern line set up with resistance at $193 on the 4-hours diagram of ETH/USD.
  • The pair may gradually rectify higher towards the $188, $192 and $194 resistance levels.

Ethereum price could exchange higher towards the $192-194 resistance zone in the close term.

 

Ethereum Price Analysis

This previous week, we saw a noteworthy decay from the $223 swing high in ETH price against the US Dollar. The ETH/USD pair fell underneath the $212, $200, $196 and $180 support levels. Ethereum price exchanged near the $165 level and framed a month to month low. Afterward, Ethereum price began a transient recuperation and moved over the $170 resistance. In any case, Ethereum price attempted to break the $178-179 resistance. It speaks to the 23.6% Lie retracement dimension of the last drop from the $223 high to $165 low.

It appears as though Ethereum price may combine in the here and now over the $165 level. Afterward, it could outperform the $178-179 resistance to expand the recuperation. Be that as it may, there is a noteworthy resistance looking out for the upside, close to the $192-194 zone. Besides, there is a noteworthy bearish pattern line set up with resistance at $193 on the 4-hours diagram of ETH/USD. The pattern line concurs with the half Lie retracement dimension of the last drop from the $223 high to $165 low. Additionally, the 100 straightforward moving normal on a similar outline is likewise close $194-195.

 

ETHUSD 5 day chart

ETHUSD 5 day chart

 

The above diagram shows that the Ethereum price is likely getting ready for an all-encompassing remedy above $179. Be that as it may, upsides will in all probability confront sellers close $194. At last, the price could decay indeed towards $170 and $165.

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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

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#Ethereum

ETH Long Term Price Analysis: 28 October

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Bias for ETHEREUM (ETH) – Ranging

Resistance Levels – $250, $270, $290

Support Levels – $160, $150. $140

 

ETH remains in the range in its long-term outlook.  The bear pressure within the range was sustained this past week as the cryptocurrency made lower high and lower low which are down trending market characteristics. $202.53 in support area was the low made on 23rd October while $210.50 at the resistance area was the high made on 26th October.

 

 

Price is below the two EMAs a sign of bear pressure while the relative strength index is at 42% and its signal is in parallel line which implies consolidation.

The cryptocurrency is ranging and trading between $240.00 in the upper supply area and at $189.03 in the lower demand area of the range. Patience is needed for a defined trend to show up. This means a breakout at the upper resistance area will be a good buying opportunity or a breakdown at the lower support area will be a selling opportunity.

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