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#Ethereum Price Analysis

Ethereum Price Weekly Analysis: ETH/USD in Pressure.

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Ethereum price is generally exchanging a range. ETH/USD could gradually ascend towards the $290 level with extending moves.

Ethereum Price Key Features

  • Ethereum price is under a great deal of bearish weight underneath the $430 and $410 levels against the US Dollar.
  • There are two bearish pattern lines set up with resistance at $432 and $412 on the 4-hour chart of ETH/USD (information feed by means of Kraken).
  • The combine needs to settle above $432 and the 100 SMA (4-hours) to move in a positive zone.

Ethereum price is exchanging with bearish moves versus the US Dollar and Bitcoin. ETH/USD is confronting significant obstacles close $732 for a recuperation in the close term.

Ethereum Price Resistances

This previous week, there were, for the most part, bearish moves beneath $440 in Ethereum price against the US Dollar. The ETH/USD combine declined and broke the $430 and $423 support levels. It moved into a bearish zone beneath $430 and settled underneath the 100 basic moving normal (4-hours). The decay was with the end goal that ethereum price even broke the $400 level and shaped a new low at $397.

Afterwards, Ethereum price began solidifying around the $400 level. It tried the 23.6% lie retracement level of the last decrease from the $483 high to $397 low. Notwithstanding, ETH purchasers neglected to pick up footing over the $417 level, and Ethereum price declined indeed. Right now, the price is exchanging a range above $400. On the upside, there are two bearish pattern lines set up with resistance at $432 and $412 on the 4-hour chart of ETH/USD. The second bearish pattern line harmonizes with the 38.2% lie retracement level of the last decrease from the $483 high to $397 low. A moderate resistance is close to the $423 level (the past support).

ETHUSD Weekly Price Chart

ETHUSD Weekly Price Chart

The above chart demonstrates that Ethereum price is confronting a tough assignment close to the $432 level. A break above $432, slant lines, and the 100 SMA is required for an OK recuperation in Ethereum.

4-hours MACD – The MACD is gradually moving in the bullish zone.

4-hours RSI – The RSI is as of now just underneath the 40 level.

Significant Support Level – $397

Significant Resistance Level – $432

#Ethereum Price Analysis

ETH Price Analysis: Is Ethereum going to fall hard?

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ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards.

Technical Indicators:

Support Level: $135

Resistance Levels: $138, $140

 

Key Points:

  • ETH price was able to recover back upwards after testing the $132 support.
  • ETH price even broke through the $134 and $136 resistance levels.
  • However, there is a bearish pattern formed with resistance around $138 on the hourly chart which might lead to a dropdown.

 

ETH Price Analysis:

Summary: ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards. The next resistance lies at $140 after which Ethereum price will turn bullish.

Ethereum price crashed after testing the $140 resistance level recently. ETH tested the $132 support level before starting to recover upwards. The upward momentum was able to break the $134 and $136 resistance levels. However, there is a solid resistance formed between $138 and $140 which might push the price back downwards.

Ethereum price is currently trading around $137 and the 100 hourly SMA. There is a bearish pattern formed with resistance around $138 on the hourly chart. If Ethereum is able to break through the $138 resistance level, the next strong resistance lies at $140 after which the overall momentum will turn bullish. The current support lies at $135 after which the price might test $132 support again.

ETHUSD Price Chart

ETH/USD Price Chart

The chart shows that ETH price is trying to recover upwards towards $140 resistance level, however, breaking through this range will be very difficult as a lot of sellers are placed within this range which might lead to the price falling down towards $135 support.

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#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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