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#Ethereum Price Analysis

Ethereum Price Analysis: ETH falling to $55?

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Ethereum price is trying to recover the huge losses but is failing to gain momentum and large whales are waiting to sell ETH above $90.

Technical Indicators:

Support Level: $80

Resistance Level: $90

 

Key Points

  • Ethereum price recovered more than 2.5% in the 24-hour chart moving above the resistance at $84.
  • Ethereum price is still in a bearish momentum and may fall towards the $80 support area soon.
  • There is a major bearish trend line with new resistance between $86 and $89.

Ethereum price is trying to recover the huge losses but is failing to gain momentum and large whales are waiting to sell ETH above $90.

Ethereum Price Analysis

After trying to recover back above $95 last week, Ethereum price started a downfall below $90 and $85 support levels. The price even fell close to the $80 support but was able to maintain itself above this range. Ethereum price is still below the 4 hours- 100 SMA.

ETHUSD 24 hour chart

ETHUSD 24 hour chart

Ethereum price is facing hurdles while trying to recover back above $90 with the main resistance between $86 and $89. The long-term resistance, however, is above $90 where large whales are willing to sell their holdings in order to avoid further losses. According to the 24-hour chart, Ethereum price may recover above $85 up to $90 but the strong resistance above $90 would push the price downwards and ETH may test the support level near $80 in short term. The current support is quite major as the most major support after this range lies around $55. If the current support is broken, ETH may fall up to this range.

 

The following article is not a financial advice. The readers should do their own research and analysis before investing in any digital asset such as Ethereum.

#Ethereum Price Analysis

Ethereum Price Analysis: Is ETH about to crash?

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Ethereum price fell down sharply. ETH is currently trying to correct upwards but will most probably face a lot of selling pressure around $134 and $135.

Technical Indicators:

Support Level: $130

Resistance Levels: $134, $135

 

Key Points:

  • Ethereum price was not able to break through the resistance around $136 and $137.
  • ETH fell down sharply breaking the $134 and $132 supports.
  • The bearish pattern which was formed yesterday with resistance around $135 still remains on the hourly chart.
  • Ethereum price is currently trading to correct upwards, however, there are a lot of sellers placed around $134 which might push the price downwards.

 

Ethereum Price Analysis:

Summary: Ethereum price fell down sharply against both bitcoin as well as USD. ETH is currently trying to correct upwards but will most probably face a lot of selling pressure around $134 and $135 resistance levels.

As we already knew, breaking the resistance around $137 and the 100 hourly SMA was really essential for Ethereum price in order to move upwards and stop a sudden crash. However, even after continuous attempts, ETH was not able to break through this resistance zone and hence declined sharply below the $135 support level. The downward force was strong enough to even break through $134 and $132 support levels and move the price to a weekly low of $130.

The support around $130 proved beneficial as a lot of buyers emerged at this point and moved the price above $132. There are a lot of sellers placed between $134 and $135. The previous support of $134 has now turned into strong resistance. Also, the bearish pattern which was being formed with resistance around $135 is still present on the hourly chart.

The 100 hourly SMA liest around $135, thus, Ethereum price really needs to climb up and break through the bearish pattern formation and settle above the 100 hourly SMA in order to start fresh bullish momentum. The major support lies at $130 and if ETH falls below this level, it might soon test the $125 and $122 support levels.

ETHUSD Price Chart 26 March

ETH/USD Price Chart 26 March

The chart shows that Ethereum price is currently trying to correct upwards, however, a lot of sellers are placed around $134 and $135. Thus, the current situation might not be termed as a buying range. If the selling pressure keeps on increasing, ETH might soon crash down towards $125.

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#Ethereum Price Analysis

ETH Price Analysis: Is Ethereum going to fall hard?

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ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards.

Technical Indicators:

Support Level: $135

Resistance Levels: $138, $140

 

Key Points:

  • ETH price was able to recover back upwards after testing the $132 support.
  • ETH price even broke through the $134 and $136 resistance levels.
  • However, there is a bearish pattern formed with resistance around $138 on the hourly chart which might lead to a dropdown.

 

ETH Price Analysis:

Summary: ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards. The next resistance lies at $140 after which Ethereum price will turn bullish.

Ethereum price crashed after testing the $140 resistance level recently. ETH tested the $132 support level before starting to recover upwards. The upward momentum was able to break the $134 and $136 resistance levels. However, there is a solid resistance formed between $138 and $140 which might push the price back downwards.

Ethereum price is currently trading around $137 and the 100 hourly SMA. There is a bearish pattern formed with resistance around $138 on the hourly chart. If Ethereum is able to break through the $138 resistance level, the next strong resistance lies at $140 after which the overall momentum will turn bullish. The current support lies at $135 after which the price might test $132 support again.

ETHUSD Price Chart

ETH/USD Price Chart

The chart shows that ETH price is trying to recover upwards towards $140 resistance level, however, breaking through this range will be very difficult as a lot of sellers are placed within this range which might lead to the price falling down towards $135 support.

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#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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