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#Ethereum Price Analysis

Ethereum Price Analysis: Will ETH reach $150 today?

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Hourly MACD – Moving in the bullish zone.

Hourly RSI –Pleasantly over the 50 level.

Significant Support Level – $130

Significant Resistance Level – $151

 

Key Points

  • Ethereum price gradually recuperated and moved over the $130 and $132 resistances against the US Dollar.
  • Yesterday’s major bearish pattern line was broken with resistance at $132 on the hourly graph of ETH/USD.
  • The pair is probably going to move towards the $151 resistance level in the close term.

Ethereum price is giving positive hints against the US Dollar and bitcoin. ETH/USD is probably going to adjust further above $140 towards the $150 level.

 

Ethereum Price Analysis

In the wake of framing an OK support base around the $122 level, ETH price began a recuperation against the US Dollar. The ETH/USD pair recuperated over the $125 and $130 levels to move into a transient positive zone. Afterward, the price picked up footing and moved over the $131-132 zone. Moreover, there was a break over the half Lie retracement dimension of the last drop from the $146 swing high to $122 swing low.

All the more significantly, yesterday’s major bearish pattern line was ruptured with resistance at $132 on the hourly graph of ETH/USD. The pair is as of now put pleasantly over the $132 level, with a bullish edge. On the off chance that the price picks up footing, it could outperform the $140 resistance. It speaks to the 76.4% Lie retracement dimension of the last drop from the $146 swing high to $122 swing low. Above $140, the following resistance is at $146 and the 100 hourly straightforward moving normals. At last, the fundamental resistance is situated close to the $150-151 zone. It harmonizes with the 1.236 Lie augmentation dimension of the last drop from $146.

 

ETHUSD 24 hour chart

ETHUSD 24 hour chart

 

Taking a gander at the diagram, ETH price could amend further higher towards $140 and $150 in the close term. Be that as it may, the $150-151 zone is probably going to go about as a solid obstruction for purchasers. On the drawback, an underlying support is at $130, beneath which the price may decrease to $124.

#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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#Ethereum Price Analysis

Ethereum Price Analysis: Will ETH break $150 resistance?

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Technical Indicators:

Support Level: $137

Resistance Level: $140

Key Points:

  • As discussed yesterday, Ethereum price spiked upwards breaking the $134 resistance level.
  • ETH was able to break and settle above the $136 resistance.
  • Ethereum is trading close to the $140 resistance level and will likely try to break it in the near term.

 

Ethereum Price Analysis

Summary: Ethereum price started a bull rally breaking many resistances in between. The current resistance lies at $140 and $145 and ETH will most likely try to break these in the short term.

As discussed yesterday, the Ethereum price started to rise upwards by breaking the $134 resistance level. The momentum soon turned bullish as ETH spiked towards to $140 level. New support was formed at $133. The price was able to move and stay above the 100 hourly SMA and $134 level after which Ethereum gained momentum and started to test and break the next resistance.

ETH price was able to break through the $138 resistance level and is currently testing the $140 level. The resistance around $140 is quite strong and the price even corrected downwards after testing this level. However, on the downside, Ethereum is well supported and will most likely test the $140 resistance soon in order to move upwards towards $145 and $150 range.

ETHUSD Price Chart

ETHUSD Price Chart

The current support lies at $137 and if Ethereum price corrects downwards and breaks this support, the next support lies at $134 which was the previous resistance. If Ethereum is able to break the current resistance, it might soon test $145 and $150 resistance levels. The current momentum is quite bullish and a bull rally is being predicted in the near term.

The chart shows that ETH is currently trading in a bullish momentum above the $137 support level. It might face dips in between trying to move upwards, however, the overall forecast is bullish and Ethereum price might soon move above $140 range.

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