Ethereum is slowly rising and it recently broke the $192 resistance against the US Dollar. ETH price must gain bullish momentum above $205 to start a strong rally towards $220 or $230.
Ethereum is moving into a positive zone, with a close above the $192 resistance.
The price is still struggling to clear the $200 and $205 resistance levels.
There is a major bullish trend line forming with support near $195 on the hourly chart of ETH/USD (data feed via Kraken).
A clear break above the $205 barrier is must for a sustained upward move.
Ethereum Price is Approaching a Key Hurdle
Ethereum price remained well bid above the $180 and $185 support levels against the US Dollar. As a result, ETH price started a steady rise and broke the main $192 resistance to move into a positive zone.
The bulls were able to push the price above the $195 level and the 100 hourly simple moving average. The price even spiked above $200 and traded as high as $201.
Ether is currently correcting gains and trading near the $198 level. The first major support is seen near the $195 level and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the recent rise from the $188 low to $201 high.
More importantly, there is a major bullish trend line forming with support near $195 on the hourly chart of ETH/USD. If Ethereum corrects lower, it is likely to find a decent support near $195 and the 100 hourly SMA.
Ethereum Price
On the upside, an initial resistance is near the $200 level. The main resistance is near the $205 level and a connecting bearish trend line on the same chart. If there is a clear break above the $205 resistance zone, the price is likely to accelerate higher towards $220 or even $230.
Downside Correction
The first major support is near the $195 zone. If Ethereum fails to stay above the $195 level, there is a risk of a downside extension towards the $192 level (the recent breakout zone).
The 76.4% Fib retracement level of the recent rise from the $188 low to $201 high is also near the $192 level to stop the bears. Any further losses may restart downtrend and the price might revisit $180.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently losing pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is correcting lower towards the 60 level.
Major Support Level – $192
Major Resistance Level – $205
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• ETHUSD slowly reaches a point where it can no longer drop. • Traders may consider buying with bullish reversal candles as entry formation. ETH/USD Medium-term Trend: Bullish Key levels • Resistance levels : $260, $270, $280 • Support levels: $85, $75, $65 Ethereum is in an uptrend in its medium-term outlook. $192.06 in the […]
Ethereum is following a short term declining pattern from the $198 resistance against the US Dollar. ETH could spike towards the $188 or $185 support before it rallies above $200. Ethereum is slowly moving lower after it failed to surpass the $198 and $200 resistance levels.
С понедельника на криптовалютном рынке наблюдается коррекция. Показатель суммарной капитализации снизился на 3,5%, и к текущему моменту его значение составляет $192 млрд. Наш индикатор BC 10 Index снизился на 3.
Ethereum price is struggling to climb above the $192 and $195 resistances against the US Dollar. It seems like a head and shoulders pattern forming with support near the $188 and $186 levels. This week’s key bullish trend line is intact with support near $188 on the hourly chart of ETH/USD (data feed via Kraken).
ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar. The price is likely to continue lower towards the $195 and $192 support levels in the near term.
ETH price is trading in a bearish zone below the $190 and $192 resistances against the US Dollar. The price is at a risk of more downsides if it breaks the $185 and $182 support levels. There is a key bearish trend line forming with resistance at $187 on the hourly chart of ETH/USD (data.
ETH price is currently correcting higher and is trading above the $190 level against the US Dollar. The price is still trading well below the key $195 resistance area. There was a break above a major declining channel with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken).
ETH price remained in a bearish zone and even tested the $180 support area against the US Dollar. The price is currently correcting higher, but it is facing hurdles near $192 and $195. There is a significant bearish trend line forming with resistance near $192 on the 4-hours chart of ETH/USD (data feed via Kraken).
ETH price recovered recently and managed to climb above the $190 resistance against the US Dollar. The price is now trading nicely above the $190 and $192 resistance levels. There is a connecting bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken).
Вторая по стоимости монета эфир (ЕTH) не смогла удержать ранее завоеванные позиции выше $200 и продолжает снижаться. Вечером 14 августа этот альткоин подешевел до $192, на некоторых торговых площадках эфир упал до $186.
ETH price gained momentum and traded to a new monthly high at $210 against the US Dollar. The price corrected lower, but it remains well supported on the downside near $192. Yesterday’s highlighted key bullish trend line is active with support near $192 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights ETH price is forming a decent support above the $165 level against the US Dollar. There is a major bearish trend line in place with resistance at $193 on the 4-hours chart of ETH/USD (data feed via Kraken).
Supply zones: $202, $205, $207 Demand zones: $194, $192, $189 ETH/USD Medium-term Trend: Bearish ETH is in its bearish trend on medium-term outlook. On October 31 the bears pushed the ADA price to the demand zone of $194 increased their momentum and broke the zone downside but the bulls rejected further decrease in price and […]
The post Ethereum (ETH) Price Analysis: Can the Bulls Break the Supply Zone Of $202 appeared first on ZyCrypto.
In a transaction traceable on Etherscan, the team at Binance has carried out its fifth coinburn of the Binance Coin (BNB). The total supply according to coinmarketcap, now stands at 192. 443 Million BNB.
В конце рабочей недели рынок цифровых денег продолжает снижаться. Падение курсов виртуальных валют началось накануне. Сегодня заметнее всего просел ethereum, который занимает вторую строчку по размеру капитализации.
Have initial coin offerings (ICOs) cashed out their Ethereum tokens (CRYPTO: ETH) in order to realize gains from last December and avoid this year’s bear market? You might think so but guess again.
Прошедшая неделя прошла под диктовку медведей. Капитализация крипторынка опустилась ниже отметки $200 млрд. и на момент написания статьи (14. 08) составляет $192 млрд. При этом данное значение становится минимальным для 2018 года.
The Ethereum price has slipped deeper into a bearish structure that has intensified over the past week. A combination of weakening momentum, strong ETF outflows, and selling from long-term holders has dragged the price of Ethereum lower at a pace that has led to concerns about whether the cryptocurrency is preparing for a deeper correction.
Ethereum is trading at a critical juncture after briefly losing the $3,200 level, with bulls struggling to defend it amid rising selling pressure. The broader crypto market remains on edge, as fear and uncertainty continue to weigh on sentiment following days of steady declines across major assets.
Ethereum is showing signs of weakness as it struggles to reclaim higher price levels amid sustained selling pressure and broader market uncertainty. After several failed attempts to break above key resistance near $3,600, the asset remains range-bound, reflecting the cautious sentiment across the crypto market.
The Ethereum (ETH) blockchain is poised for one of its most significant upgrades yet, the Fusaka Upgrade, set to take place on December 3. This enhancement aims to tackle one of the network’s most pressing challenges: scalability.
Ethereum (ETH) is trading at a crucial juncture after reclaiming the $3,450 level, showing early signs of stabilization following weeks of volatility. While bulls are slowly regaining ground, upward momentum remains fragile as traders await confirmation of a sustained breakout.
Ethereum price failed to recover further above $3,650. ETH is trimming gains and might decline further if it dips below the $3,360 support. Ethereum started a fresh decline after it failed to stay above $3,620.
