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#Ethereum Price Analysis

Ethereum Price Weekly Analysis, 15 July. ETH/USD Bear Vs Bull.

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Ethereum price is moving above $465 against the US Dollar. ETH/USD is probably going to break the $485 high for more picks up in the close term.

Ethereum Price Key Features

  • Ethereum price stays in a bearish pattern beneath the $450 resistance region against the US Dollar.
  • There is a declining channel framed with current resistance at $439 on the 4-hours graph of ETH/USD (information feed by means of Kraken).
  • The combine is confronting numerous resistances on the upside, for example, $439, $455 and the 100 SMA.

Ethereum price is attempting to increase bullish force versus the US Dollar and Bitcoin. ETH/USD could make a bullish move as long as it is above $417.

Ethereum Price Pattern

This previous week, there were ceaseless decreases in ETH price beneath the $475 resistance against the US Dollar. The ETH/USD match declined and broke the $460 and $455 bolster levels. It exchanged towards the $415 level and a low was shaped at $417.37. Afterward, there was an upside rectification and the price moved over the $430 level. In addition, the price prevailing with regards to breaking the 23.6% lie retracement level of the last drop from the $497 swing high to $417 low.

Notwithstanding, the upside move was topped by the $440-442 resistance zone. Furthermore, a declining channel is averting picks up with current resistance at $439 on the 4-hours diagram of ETH/USD. Over the channel resistance, the following real obstacle for purchasers is close to the $455-457 zone. It speaks to the half lie retracement level of the last drop from the $497 swing high to $417 low. All the more essentially, the 100 basic moving normal (4-hours) is situated close to the $457 level. Thusly, if there is a bullish move above $439, the price is probably going to confront jumps close $455-457.

ETHUSD Weekly Chart 15th July

ETHUSD Weekly Chart 15th July

The above diagram shows that the price is still in a bearish zone with a key help close $415-417. For whatever length of time that ETH is exchanging over the $415 bolster zone, there are odds of a bullish break above $457 in the close term.

4-hours MACD – The MACD is for the most part unbiased in the bullish zone.

4-hours RSI – The RSI is presently level close to the 45 level.

Significant Support Level – $415

Significant Resistance Level – $457

#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Turning Bullish?

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Ethereum price recently tested the $160 support level. However, ETH was able to gain momentum and move above $165 resistance level.

Technical Indicators:

Support Levels: $165, $160

Resistance Levels: $170, $175

 

Key Points:

  • Ethereum price moved downwards recently to test the support around $160.
  • The buyers around the support were able to push the price upwards and ETH corrected above $165 resistance level.
  • Ethereum price is currently getting stronger above $165 resistance level and 100 hourly SMA.

 

Ethereum Price Analysis:

Summary: Ethereum price recently tested the $160 support level. However, ETH was able to gain momentum and move above $165 resistance level.

 

Last week, Ethereum price traded in a bearish momentum falling below $170 support level. ETH even moved below $165 support which later turned into a resistance level. However, the buyers around $160 support were able to stop further losses and ETH was able to break through $165 resistance level and settle above the 100 hourly SMA.

 

Currently, Ethereum is trying to break above $170 resistance with nice support at $165. If the buyers are able to gain momentum, Ethereum price might soon move above $170 in order to test the $175 resistance level. The current momentum is bullish, however, ETH might test the $165 support level again before starting to rise upwards. If the support is broken, Ethereum will move towards $160 below which it might turn bearish. On the upside, there is a strong resistance around $170 and $175 levels which might be difficult to break.

 

ETHUSD Price Chart 15 April

ETH/USD Price Chart 15 April

 

The chart whos that Ethereum price is currently trading in a bullish momentum, however, the momentum might turn bearish if ETH moves below $165 support and 100 hourly SMA. On the upside, Ethereum might test the $170 resistance again in order to move towards $175 level. The resistance around these levels is very strong and ETH might crash downwards again.

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#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Can ETH rise?

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Technical Indicators:

Support Level: $155

Resistance Level: $180

Key Points:

  • Ethereum price started to rise again breaking through $160 resistance level.
  • After rising up to $180, ETH started a downward correction.
  • A bullish pattern is being formed on the hourly chart with support around $153.
  • Ethereum price will remain bullish if it breaks through $180 resistance level.

 

Ethereum Price Analysis:

Summary: Ethereum price is currently trading in bullish momentum. ETH might break through $180 resistance level towards $200 if buyers remain in action.

ETH price momentum became quite bullish this week after breaking through $140 resistance level. Ethereum price settled well above $155 resistance level and the 100 hourly SMA. The upward move was quite strong and even broke through $170 resistance level. Ethereum went up to $182 to test the resistance between $180 and $185 before correcting downwards. However, the support around $155 stopped further losses.

Ethereum soon recovered upwards and moved over $165 resistance level. However, currently, ETH is facing a lot of selling pressure around $170 which could push the price back downwards. It Ethereum moves below $155 support level, it could turn bearish and fall towards $140 range, however, if the buyers remain in action and move the price above $180, it could result in ETH testing $200 range. There is a bullish pattern formed on the hourly chart with support around $153. Also, a breakout triangle is placed with resistance around $170.

ETHUSD Price Chart 7 April

ETH/USD Price Chart 7 April

The chart shows that Ethereum is currently bullish and well placed over $150 support level. However, if the price falls below $155, it could become bearish and fall back to $140 range.

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#Ethereum Price Analysis

ETH to USD: Ethereum Price Analysis, Going back to $140?

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Ethereum price crashed hard below $160 after rising up to $180 resistance level. If ETH falls below $150 support, it might crash to $140 level soon.

Technical Indicators:

Support Level: $150

Resistance Levels: $160, $165

 

Key Points:

Ethereum price crashed sharply after reaching up to $180.

During the downward momentum, $170 and $165 support levels were broken.

A bearish pattern is being formed with resistance around $160 which might lead to a sharp downfall.

Ethereum price will most likely move towards $150 range before it could start correcting upwards.

 

Ethereum Price Analysis:

Summary: Ethereum price crashed hard below $160 after rising up to $180 resistance level. If ETH falls below $150 support, it might crash to $140 level soon.

After showing bullish momentum for the past few days (following bitcoin), Ethereum price faced a massive amount of resistance around $180 which led to a significant crash which broke through $170, $165 and $160 support levels which were very crucial for further gains. ETH was moved below the 100 hourly SMA and also traded as low as $153.

Ethereum price is currently facing a lot of selling pressure and it might test $150 support level soon before it could start an upward move. If however, the $150 support is broken, ETH might fall back towards $140 range. Also, it is very essential for Ethereum to clear through $165 resistance level in order to become bullish again. A bearish pattern is also being formed on the hourly chart with resistance around $160.

ETHUSD Price Chart 5 April

ETH/USD Price Chart 5 April

The chart shows that Ethereum price is correcting downwards and might fall below $150. It is very essential to settle above $160 and $165 resistance levels in order to remain bullish otherwise the momentum might turn bearish again.

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