Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues

2018-8-26 06:08

Key Highlights ETH price attempted a recovery above the $275.00 level, but it failed to gain traction against the US Dollar. There is a major bearish trend line formed with resistance at $280 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must accelerate above the $282 and $285 levels to recover further in the near term.

Ethereum price is struggling to gain traction versus the US Dollar and Bitcoin. ETH/USD could climb higher if buyers gain control above the $285 level.

Ethereum Price Resistance

There was a decent support base formed near the $255 level in ETH price against the US Dollar. The ETH/USD pair traded a few points higher and moved above the $280 level. There was also a break above the 50% fib retracement level of the last decline from the $301 high to $259 low. However, there was no upside acceleration above the $282 level as buyers failed to hold gains.

There was also no test of the 61.8% fib retracement level of the last decline from the $301 high to $259 low. These are negative signs and suggests the importance of the resistance near the $282 and $285 levels. Moreover, there is a major bearish trend line formed with resistance at $280 on the 4-hours chart of ETH/USD. The same trend line is currently preventing gains and pushing the price down towards the $270 level. If the price continues to move down, it could test the $268 and $265 levels. Below these, the price may perhaps test a crucial support zone near the $255 level.

The above chart indicates that ETH price is following a bearish structure below the $285 level. A proper break and close above the $282 and $285 levels may well open the doors for a push towards the 100 simple moving average (4-hours).

4-hours MACD – The MACD is mostly flat in the bearish zone.

4-hours RSI – The RSI is currently just around the 50 level.

Major Support Level – $255

Major Resistance Level – $285

The post Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3117.59 (-0.08%)
Объем 24H $9.222b
Изменеия 24h: 1.40 %, 7d: -1.76 %
Cегодня L: $3096.35 - H: $3166.89
Капитализация $374.448b Rank 2
Цена в час новости $ 273.97 (1037.93%)

eth price usd above continues rise analysis

Источник: newsbtc.com

eth price → Результатов: 126


Фото:

Ethereum posts a new all-time high: What’s next for ETH?

Ethereum (ETH) reentered price discovery mode just four days after reaching an all-time high of $1,764 on Friday. What’s the reason behind the current price increase, and should you buy some ETH now? Fundamental analysis: DeFi sector and institutional inflows push the price up The second-largest cryptocurrency by market capitalization continued its price increase throughout […] The post Ethereum posts a new all-time high: What’s next for ETH? appeared first on Invezz.

2021-2-9 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin reclaims key support above $60,000 after attempt to sweep March lows

Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30 as New […] The post Bitcoin reclaims key support above $60,000 after attempt to sweep March lows appeared first on CryptoSlate.