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#Ethereum Price Analysis

Ethereum Price Analysis: Will ETH rise after non-security confirmation?

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Ethereum price is below $134 resistance level. It did not turn bullish regardless of the confirmation by the SEC Chairman that Ethereum is not a security.

Technical Indicators:

Support Level: $130

Resistance Level: $134

 

Key Points:

  • Ethereum price is trading beneath the major resistance around $134.
  • Even after the SEC Chairman confirmed the Commission Staff Analysis about Ethereum not being security, Ethereum price has not experienced a bullish move.
  • A bearish pattern line is formed with resistance at $134 on the hourly chart.
  • It is very essential for ETH to break the $134 resistance and the bearish pattern line in order to move upwards.

 

Ethereum Price Analysis:

Summary: Ethereum price is below $134 resistance level. ETH was unable to turn bullish regardless of the confirmation by the SEC Chairman that Ethereum is not a security.

Ethereum price was able to recover after falling to $127 support level. The upward move was able to break the $129 resistance level. However, the resistance around $134 and the 100 hourly SMA was strong enough to stop the bullish momentum after which the price started to correct downwards.

Ethereum price fell below the $132 support level after which good support was formed around $130. ETH is currently facing a lot of selling pressure around $134 resistance level and the 100 hourly SMA. Also, a bearish pattern line is formed at resistance around $134 on the hourly chart.

ETH must break above this resistance and the 100 hourly SMA in order to move upwards. The next resistance lies around $139 and $140 after which the price might turn bullish. However, if the current support is broken, the next support lies around $127.

ETHUSD Price Chart

ETHUSD Price Chart

The chart shows that ETH is currently facing a solid resistance around $134. If the selling pressure around this range keeps on increasing, Ethereum price could soon fall below the current support to turn bearish. If the resistance is broken, Ethereum could soon test the $139 resistance level.

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#Ethereum Price Analysis

ETH to USD, 21 May: Ethereum Price Analysis, What’s Next?

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Ethereum price is currently trading in a positive momentum over the $245 support level. ETH will most likely test the $265 resistance again.

Technical Indicators:

Support Level: $240, $230, $225

Resistance Level: $265, $270, $280

Key Points:

  • Ethereum price tested $265 resistance level recently after which it started to correct downwards.
  • Ethereum price found decent support at $240 level which stopped further losses.
  • Currently, ETH is trading well above $240 support level and the 100 hourly SMA.
  • A bullish pattern line is also being formed on the hourly chart with the support between $240 and $245.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price is currently trading in a positive momentum over the $240 support level. ETH will most likely test the $265 resistance again in order to move towards $270 and $280 levels.

 

Ethereum price declined sharply after testing the $265 resistance level yesterday. ETH moved below $250 support level and tested the $240 zone. However, the buyers were able to stop further declining at this point and moved ETH back above $242 level and the 100 hourly SMA. Ethereum price struggled hard to gain momentum and move above $250 level.

 

Currently, Ethereum price is trading well above $240 support level, however, it is facing a very strong resistance around $265 and $270 which might lead to a fresh decline and ETH might soon test $240 level again below which the momentum might turn bearish and Ethereum price might move towards testing the $225 and $200 levels. It is very essential for Ethereum price to break above $270 level in the short term in order to maintain the positive momentum.

 

A bullish pattern line is also being formed on the hourly chart with the support between $240 and $245. This might help in pushing ETH back upwards in case of a downward correction. However, below this level and the 100 hourly SMA, the momentum might turn bearish.

 

ETH to USD Price Chart 21st May

ETH to USD Price Chart 21st May

The chart shows that ETH price is currently struggling hard to gain momentum. If ETH price falls below $240 support level, it could decline towards $225 and even $200 in the short term. However, if the bulls are able to break above $270 level, there are chances that Ethereum price might test $280 and $290 levels.

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#Ethereum Price Analysis

ETH to USD, 17th May: Ethereum Price Analysis, About to Crash?

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Ethereum price moved ahead and tested the $280 resistance and later started to correct downwards. ETH is currently supported at $250 and $230 levels.

Technical Indicators:

Support Level: $250, $230

Resistance Level: $270, $275

 

Key Points:

  • Ethereum price moved upwards to test the $280 resistance level before starting to correct downwards.
  • The sellers pushed the price below $270 and $260 support levels.
  • A bullish pattern is being formed on the hourly chart with the support at around $250.
  • It is very essential for Ethereum price to stay above $250 and $230 support levels in order to maintain its upward trend.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price moved ahead and tested the $280 resistance and later started to correct downwards. ETH is currently supported at $250 and $230 levels.

After falling back to the $240 level, Ethereum price started to rise massively and broke above $250 and $260 resistance levels. ETH even broke above $270 resistance level and even tested the $280 resistance level and recorded a new yearly high at around $280 before starting to correct downwards. The bears pushed the price below $270 and $260 support levels. The $250 area acted as a decent support and stopped further losses.

 

Currently, ETH price is facing a lot of pressure around $270 which might push the price towards testing the $250 and even $230 support levels. There is currently a bullish pattern being formed on the hourly chart with the support at around $250. However, if ETH breaks below this level, it might start a downward momentum and move towards $230 below which the overall momentum might turn bearish. The $230 support and the 100 hourly SMA is a very crucial area for Ethereum price currently as a break below this level could turn ETH price towards $200 and even $180 levels.

 

ETH to USD Price Chart 17th may

ETH to USD Price Chart 17th May

The chart shows that Ethereum price is currently struggling to maintain its position above $250 and might soon move towards testing the $230 or even $200 level before it could start a fresh upward momentum. It is very essential for ETH to break and settle above $270 level in order to maintain the bull run.

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#Ethereum Price Analysis

Alert: ETH to USD, 16th May: Ethereum Price Analysis

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Technical Indicators:

Support Level: $260, $255, $245

Resistance Level: $270, $290, $300

Key Points:

  • Ethereum price surged massively in the last 24 hours breaking above $250 resistance level.
  • ETH gained more than 20% and tested the $270 range.
  • A bullish pattern is also being formed on the hourly chart with support around $245.
  • If the bulls remain in action, Ethereum might soon test $300 resistance level.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price picked up bullish pace and gained more than 20% in just 24 hours. ETH tested $270 level and looking at the current momentum, it seems that ETH might soon test $300 level.

 

Ethereum price increased massively yesterday after breaking through the $220 resistance level The bulls took control and broke above the major resistance around $240 and $250 levels. The buyers pushed the price towards $270 resistance level where a lot of sellers were placed and ETH started to correct a few points downwards. However, the $260 level turned into decent support and currently Ethereum price is trading well above this level and the 100 hourly SMA.

 

Ethereum price recorded a high at around $270 and is still in a bullish momentum and ETH might soon break above the level to test the $300 resistance zone. On the downside, Ethereum is well supported around $260 below which ETH might test $255 and $245 support level. Also, there is a bullish pattern being formed on the hourly chart with the support at around $245 which might push the price upwards again. The current resistance for ETH lies around $270 above which the price might surge towards $290 and $300 levels. The $300 level is currently most crucial for ETH.

 

ETH to USD Price Chart 16th May

ETH to USD Price Chart 16th May

The chart shows that Ethereum price is currently moving upwards will a bullish force and trying to break above $270 resistance. The overall momentum is quite positive and ETH might test $290 and $300 levels in the coming sessions.

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