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#Ethereum Price Analysis

Ethereum Price Analysis: ETH still bullish?

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Technical Indicators

Support Level – $135

Resistance Level – $145

  • Ethereum price began sliding downwards after it tested the $150 resistance level against the US Dollar.
  • There was a break underneath a bullish pattern line which was formed with support around $145 on the hourly chart of ETH/USD.
  • The massive selling pressure led to ETH price testing the $140 support.
  • A couple of essential supports are set up close to the $141, $140 and $136 levels.

Ethereum price began a downward correction against the US Dollar as well as bitcoin. ETH must remain above $136 and the 100 hourly SMA to rise again.

 

Ethereum Price Analysis

In a previous couple of days, the Ethereum price moved higher and broke the $135 and $140 resistances against the US Dollar. The ETH/USD pair even tried moving towards the $150 resistance zone, where the selling pressure developed. A high was framed just underneath the $150 level and later the price began a drawback amendment. It declined underneath the $146 support. It opened the entryways for more gains and the price dropped towards the $140 support.

Additionally, there was a break underneath a bullish pattern line which was formed with support at $145 on the hourly chart of ETH/USD. There are numerous vital supports set up close to the $141, $140 and $136 levels. The major support is close to the $138 level. The 100 hourly SMA is situated close to the $136 level to go about as solid support.

In this manner, if the price keeps on declining, the $138 and $136 levels are probably going to avoid the price to fall further. In the event that there is a break and close underneath the 100 hourly SMA, the price may decrease further towards the $130 level. Then again, if the price discovers support close $138, it could begin a new upward move.

ETHUSD Price Chart

ETHUSD Price Chart

Taking a look at the chart, the Ethereum price started falling lower from the $150 resistance zone. ETH is currently supported as long as the price is over $136. On the upside, an underlying resistance is around $145, above which the price may retest $150 resistance level.

#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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