Ethereum (ETH) Price Rebound Reaching Crucial Juncture

2019-10-1 06:08

ETH price started an upside correction above the $172 and $175 resistances against the US Dollar. The price even broke the $180 level and it is currently testing the key $185 resistance area. There was a break above a declining channel with resistance near $171 on the hourly chart of ETH/USD (data feed via Kraken). The price could struggle to clear the $185 resistance area in the near term.

Ethereum price is currently rebounding versus the US Dollar, similar to bitcoin. However, ETH price must break the $185 resistance to continue higher in the coming sessions.

Ethereum Price Analysis

Yesterday, we saw a corrective increase in Ethereum above the $170 level against the US Dollar. ETH price faced a strong resistance near the $172 and $175 level. As a result, there was a minor dip before the bulls were able to push the price above the $175 resistance area. Moreover, there was a proper close above the $175 resistance and the 100 hourly simple moving average.

During the rise, there was a break above a declining channel with resistance near $171 on the hourly chart of ETH/USD. The pair even surpassed the $180 level. However, it is now trading near a crucial resistance at $185. The stated $185 level was a major support earlier and it might now prevent further upsides. If there is a clear break above the $185 resistance, Ethereum could continue to rise towards the $200 level.

On the downside, an immediate support is near the $180 level. It represents the 23.6% Fib retracement level of the recent leg from the $165 low to $185 high. However, the main support is now near the $175 level (the recent resistance area). It also coincides with the 50% Fib retracement level of the recent leg from the $165 low to $185 high.

If there are any further losses, the price might find support near the $175 level and the 100 hourly SMA. A successful close below $175 is likely to decrease the chances of more upsides above the $185 resistance area in the near term. The next major support is near the $165 level.

Looking at the chart, Ethereum price is clearly trading near a major resistance area at $185. Therefore, there could be a minor bearish reaction from $185. However, as long as the price is trading above the $175 level and the 100 hourly SMA, there are possibilities of a push towards the $200 level.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently well above the 50 level.

Major Support Level – $175

Major Resistance Level – $185

The post Ethereum (ETH) Price Rebound Reaching Crucial Juncture appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3008.19 (+0.26%)
Объем 24H $13.464b
Изменеия 24h: 3.97 %, 7d: 0.46 %
Cегодня L: $2865.93 - H: $3012.65
Капитализация $361.334b Rank 2
Цена в час новости $ 173.25 (1636.33%)

price eth resistance above ethereum reaching rebound

Источник: newsbtc.com

price eth → Результатов: 126


Фото:

ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals

Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrency’s successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto […] The post ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals appeared first on Invezz.

2023-4-19 23:44


User Pays $2.6 Million to Transfer Just $130 Worth of ETH; By Far the Highest Fees Ever Paid

After climbing above $240, the second-largest cryptocurrency has slowed down and is keeping around this level. The percent of Ether supply in profit, which is the percentage of calculating ETH whose price at the last time it moved on-chain was lower than the current price, is currently hovering at 80%. It is the third attempt […]

2020-6-11 17:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’

For investors hoping for a simple way to gain exposure to Ethereum, the road seems paved with regulatory hurdles. The US Securities and Exchange Commission (SEC) has thrown a wrench into plans for spot Ethereum Exchange Traded Funds (ETFs), leaving the future of these investment vehicles shrouded in uncertainty.