Ethereum Highly Bullish And Primed To Surge Towards $220

2020-4-29 07:38

Ethereum is trading in a bullish zone above the $195 level against the US Dollar. ETH will most likely clear the $200 resistance for a run towards the $220 level. Ethereum is showing a lot of positive signs above the $195 support zone. The price is currently attempting an upside break above the $200 resistance area. There was a break above a major contracting triangle with resistance near $197 on the hourly chart of ETH/USD (data feed via Kraken). The pair could surge above the $200 barrier and test the next hurdle at $220. Ethereum Price Likely to Rally Further In the past few sessions, Ethereum price remained in a broad range above the $190 level against the US Dollar. ETH bears made a couple of attempts to push the price below the $190 and $188 support levels, but they failed. The last swing low was formed near $188 before the price regained bullish momentum. It climbed back above the $190 level and the 100 hourly simple moving average. The bulls were able to clear the $195 hurdle for a trend reversal. Moreover, there was a break above a major contracting triangle with resistance near $197 on the hourly chart of ETH/USD. The pair even surpassed the 76.4% Fib retracement level of the downward move from the $200 swing high to $188 low. Ethereum Price Ethereum is now trading near the $200 resistance and attempting an upside break. If the bulls gain strength, the price is likely to continue higher. An immediate resistance is near the $208 level since it is close to the 1.236 Fib extension level of the downward move from the $200 swing high to $188 low. Any further gains above $208 could lead the price towards the next key resistance near the $220 level in the near term. An intermediate resistance for Ether may perhaps be $212. Dips Supported If Ethereum continues to struggle near the $200 resistance, there could be a downside correction. An initial support is near the $195 level and the triangle lower trend line. The next major support is near the $193 level and the 100 hourly SMA. To start a substantial decline, the bears need a clear break below the $190 and $188 support levels. Technical Indicators Hourly MACD – The MACD for ETH/USD is currently gaining strength in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 55 level. Major Support Level – $193 Major Resistance Level – $200 Image from unsplash

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ethereum level 195 zone above 220 towards

Источник: newsbtc.com

ethereum level → Результатов: 126


Фото:

Ethereum Could Push to $420 if It Flips One Key Level into Support

Ethereum is currently caught within a consolidation phase alongside Bitcoin and its other peers This has made its near-term outlook somewhat unclear, as where it trends next may depend largely on the price action seen by BTC Overnight, an influx of selling pressure caused its price to plunge just over 1%, with this decline sending it below the crucial $380 level This level has long been pivotal for Ethereum, and its recent break above it […]

2020-10-16 23:00


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Analytics Firm: One On-Chain Metric is Flashing Warning Signs for Ethereum

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2020-10-13 23:00


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Ethereum’s Strength Degrades Following Rejection at $250; What Comes Next

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2020-6-25 23:00


Lightning Network is As Good As Other Traditional Payment Methods Right Now, Study Concludes

Despite having severe scalability problems, Bitcoin remains the most important cryptocurrency with the largest market cap. Its high value has resulted in extremely high fees, and its high level of adoption resulted in transactions taking a long time to confirm, especially in 2017, when the network clogged and BTC reached ATH.

2019-2-9 16:38


Analyst: Bitcoin (BTC) Most Likely To Bottom At $2,400

Bitcoin Could See A Further 40% Before Bottom, Claims Trader The seemingly endless stream of harrowing crypto price predictions has continued. One trader, going by the laugh-inducing moniker “Magic Poop Cannon,” claims that Bitcoin (BTC) is most likely to find a long-term floor at and around the $2,000 (most likely $2,300-$2,400) price level — a […] The post Analyst: Bitcoin (BTC) Most Likely To Bottom At $2,400 appeared first on Ethereum World News.

2019-2-8 03:51


Фото:

Analysts Bearish on Ethereum as $100 Level is at Risk of Being Breached, Gloomy Short-Term Future

Following a long period of sideways trading in the cryptocurrency markets, Bitcoin’s recent drop to $3,400 has led most major cryptos to dip and has caused one analyst to turn bearish on major cryptocurrencies like Ethereum (ETH) and Litecoin (LTC), despite many analysts recently being bullish on these cryptocurrencies.

2019-2-7 03:00


Bitcoin (BTC) Price Analysis: Bears Still Have the Upper Hand

Bitcoin looks ready to resume its slide as it bounced off the mid-channel area of interest once more and is eyeing the Fib extension levels as downside targets. Price is closing in on the 38.2% level at the $3,450 area and might move all the way down to the 50% level that lines up with […] The post Bitcoin (BTC) Price Analysis: Bears Still Have the Upper Hand appeared first on Ethereum World News.

2019-2-5 04:17


Ethereum Price Action – ETH Tests Key Support Near $100 Level

Ethereum is currently testing a support a level just above the key $100 level. $102.7 is coming into play support and price has already tested the level a number of times. The price fell to this level after a brief recovery which took place on Wednesday failed to overcome resistance at an important Fibonacci retracement […] Ethereum Price Action – ETH Tests Key Support Near $100 Level was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-2-1 19:49


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