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#Ethereum Price Analysis

Ethereum Price Analysis: ETH at crucial point: Rise or Crash?

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Technical Indicators:

Support Level: $130

Resistance Level: $132-$134

 

Key Points:

  • Ethereum price is currently facing a lot of selling pressure around $134 resistance level.
  • The current support lies at $130 which might help to break the current resistance.
  • A bearish pattern line is formed at resistance between $132 and $133 on the hourly chart.
  • This is a crucial stage for Ethereum price as ethereum will either crash or start a bull rally soon.

 

Ethereum Price Analysis:

Summary: Ethereum price is currently in a bearish momentum and it is very important for ETH to break the $134 resistance in order to avoid a crash and move upwards.

After testing the $134 resistance a lot of times, the Ethereum price started to fall downwards after breaking through the $132 support level. It even moved beneath the 100 hourly SMA breaking the 50% FIB retracement level. The $130 support proved strong as a lot of buyers were placed at this point.

The 100 hourly SMA lies at $132 which is where ETH price is currently being capped. A bearish pattern line is also formed at resistance around $132 on the hourly chart. The current trading area is quite essential as there is a chance of a sudden crash or a bullish move in the short term.

ETHUSD Price Chart

ETHUSD Price Chart

Ethereum price could either break the current resistance between $132 and $134 or crash below $130 support level. If Ethereum price is able to break above $134, there will be a sharp bullish momentum which could lead to ethereum moving to $138 and $140 resistance levels. However, if Ethereum breaks below $130 support level, it might crash towards $125 in the short term.

The chart shows that ETH price is currently facing a very solid resistance between $132 (the 100 hourly SMA) and $134. It is very essential for the buying pressure to increase in order for the price to break through this resistance and move upwards.

#Ethereum Price Analysis

ETH Price Analysis: Has Ethereum turned bearish?

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ETH was fell down massively against both bitcoin and USD. Ethereum even broke the $134 support level and moved into a bearish zone.

Technical Indicators:

Support Level: $132

Resistance Level: $140

 

Key Points:

  • ETH price was not able to break through the $140 resistance level and corrected downwards.
  • The downward correction even broke the $134 support level.
  • A bearish pattern line is formed with resistance around $140 on the hourly chart.

 

ETH Price Analysis:

Summary: ETH was fell down massively against both bitcoin and USD. Ethereum even broke the $134 support level and moved into a bearish zone. The price is currently trading below 100 hourly SMA which signals a bearish trend.

Ethereum attempted to break the $140 resistance again however, it failed and crashed downwards sharply. The selling pressure kept increasing and moved the price even below the $136 and the 100 hourly SMA. Also, ETH price broke through the bullish pattern line that was formed yesterday on the hourly chart.

The downward correction was strong enough to break the $134 support. The price tested the $132 support level before starting to correct upwards. The price is trying to move upwards, currently trading around $134. However, there are a lot of sellers placed on the upside between $136 and $140 which might prove bearish for ETH price. There is also a bearish pattern line formed with resistance around $140 on the hourly chart.

ETHUSD Price Chart

ETHUSD Price Chart

The chart shows that ETH price is now in a bearish momentum trading below $136 and 100 hourly SMA. The buyers need to gain strength in order to move the price above the solid resistance formed between $136 and $140 in order to stop further losses. Ethereum is currently supported at $132 level.

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#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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