Connect with us

#Ethereum Price Analysis

Ethereum Price Analysis: ETH ready for a bull run?

Published

on

Ethereum price is in a bullish trend. ETH is probably going to break the current resistance around $125 and test the next resistance levels $128 and $130.

Technical Indicators

Current Support Level – $120

Current Resistance Level – $125

  • Ethereum price is supported by the $120 support level against the US Dollar.
  • The key bullish pattern line which was formed yesterday still remains in position with support around $120 on the hourly chart.
  • The momentum is currently bullish and Ethereum price is expected to move higher above $125 resistance level in short term.

Ethereum price is in a bullish trend against the US Dollar as well as bitcoin. ETH is probably going to break the current resistance around $125 and test the next resistance levels which are $128 and $130.

 

Ethereum Price Analysis

Presvously, The ETH fell down towards the $118 and $120 supports a couple of time, but the buyers were able to stop the price from falling further downwards which resulted in a bullish momentum. There was a decent upward move and the price spiked over the $125 resistance where sellers appeared and moved the price downwards again. Ethereum price reached up to $125.41 and later fell lower. It fell underneath the $124 and $122 levels.

ETHUSD Price Chart

ETHUSD Price Chart

Ethereum found a good support around $120. Yesterday’s key bullish pattern line is still formed with support around $120 on the hourly chart of ETH/USD. Ethereum price is trading pleasantly over the $120 support and the 100 hourly SMA. If there is a downward break beneath $120 and the 100 hourly SMA, this could result in further declines which can result in ETH falling to around $115.

Taking a look at the chart, Ethereum price is currently well situated over the $120 support. Buyers need to break the $125 resistance in order to make ETH rise further. If the resistance between $125 and $126 is broken, ETH will most probably test the next support around $130.

#Ethereum Price Analysis

Ethereum Price Analysis: ETH going to correct downwards?

Published

on

Ethereum price showed strong increases. ETH tested the $150 resistance level which was quite strong so the price may correct downwards.

Technical Indicators

Support Level – $140

Resistance Level – $150

  • Ethereum price broadened the ongoing rally and moved over the $144 and $148 resistances against the US Dollar.
  • There is a bullish pattern line formed with support at $142 on the hourly chart of ETH/USD.
  • There could be a downward correction for the short term. However, a lot of buyers are placed around $140 to push the price upwards again.

Ethereum price showed strong increases against the US Dollar as well as bitcoin. ETH tested the $150 resistance level which was quite strong so the price may correct downwards for a short term before starting a bull run again.

 

Ethereum Price Analysis

Recently, we saw an awful upward move from the $125 swing low in ETH price against the US Dollar. The ETH/USD pair revitalized over the $130 and $136 resistance levels to move into a bullish zone. Afterward, buyers drove the price over the $140 and $142 resistance levels. There was a bearish response noted close to the $148 level and the price plunged towards the $140 support. Sellers could not push the price downwards resulting in a new upward move over the $145 and $148 resistance levels. Ethereum price moved near the $150 resistance and settled well over the 100 hourly SMA.

At present, the price is uniting increases above $145, with a couple of bearish moves. There are numerous supports on the drawback close to the $145, $142 and $140 levels. All the more vitally, there is a bullish pattern line formed with support at $142 on the hourly chart of ETH/USD.

In the event that there is a break underneath the pattern line, the price could test the $140 support territory. Any further misfortunes could start an all-inclusive drawback amendment beneath $138 and $136. To the topside, the $148 and $150 levels are solid obstructions for buyers in the short term.

ETHUSD Price Chart

ETHUSD Price Chart

Taking a look at the chart, Ethereum price is by all accounts confronting a large number of sellers around $150. In this way, there could be several swing moves above $140 before a crisp upward move. Above $150, the next resistance is around $155.

Continue Reading

#Ethereum Price Analysis

Ethereum Price Analysis: ETH strong enough for $200?

Published

on

Ethereum price is picking up strength after breaking the major resistance. ETH could soon move towards $145 in the short term.

Technical Indicators

Support Level – $130

Resistance Level – $140

  • Ethereum price picked up strength over the $125 and $130 resistance levels against the US Dollar.
  • There was an appropriate close over the $130 resistance level and the 100 hourly SMA.
  • There is a bullish pattern line formed with support around $129 on the hourly chart of ETH/USD.
  • Ethereum price is probably going to proceed higher towards $140 and $145.

Ethereum price is picking up strength after breaking the major resistance against the US Dollar and bitcoin. ETH is trading above $130 support level and it could soon move towards $145 in the short term.

 

Ethereum Price Analysis

Ethereum price picked up strength and broke numerous resistances between $125 and $130. There was a legitimate close over the $130 resistance level and the 100 hourly SMA. There was a little bearish response from the $130 resistance, yet the $124 level went about as strong support. The price revived and broke the $130 and $132 resistances.

Ethereum price tested the $135 resistance, and later there was a minor drawback adjustment. ETH plunged underneath the $133 level, yet the $132 level went about as good support. There appears to be a lot of supports shaping around $130. There is a key bullish pattern line formed with support at $129 on the hourly chart of ETH/USD.

ETHUSD Price Chart

ETHUSD Price Chart

Taking a look at the chart, Ethereum price is picking up strength over the $132 resistance levels. It will in all probability break the $135 level and expand gains in the coming sessions towards $140 and $145 levels. The major support is around $130, beneath which the price may test the $125 support zone.

Continue Reading

#Ethereum Price Analysis

Ethereum Price Analysis: ETH ready to fall down?

Published

on

Technical Indicators

Support Level – $117

Resistance Level – $125

  • Ethereum price faced a lot of pressure being above the $121 and $119 support levels against the US Dollar.
  • Yesterday’s bullish pattern line was broken with support at $121 on the hourly chart of ETH/USD.
  • Now there is an interfacing bearish pattern line formed with resistance around $121.
  • Ethereum price might test the $121-122 resistance zone, where most sellers are placed.

Ethereum price chart is forecasting bearish trend against the US Dollar and bitcoin. ETH is currently at danger of falling towards the $117 or $114 support level in the short term.

 

Ethereum Price Analysis

EThereum price was unable to break the resistance around $125 and declined beneath the $121 and $119 support levels. The decrease led to the price falling beneath the $117 level and the 100 hourly SMA. Yesterday’s bullish pattern line was broken with support around $121 on the hourly chart of ETH/USD. Ethereum fell up to $115 support and later corrected back upwards towards $117.

The previous support levels around $121 and $122 have now turned out as obstacles. There is another interfacing bearish pattern line formed with resistance around $121. In the current situation, it appears that Ethereum price might bounce over the $121 level, but the sellers will most probably push the price downwards.ETHUSD Price Chart

Taking a look at the chart, Ethereum price is battling beneath the $122-123 resistance zone. ETH price needs to move above the last high around $125 to proceed higher in the short term. If not, there is a danger of more declines beneath $119 and $117 in the short term.

Continue Reading

Trending