Ethereum (ETH) Price Turns Short Term Bearish: Sell Rallies?

2019-6-5 07:08

ETH price started a steady decline and broke the $252 support area against the US Dollar. The price traded towards the $230 level and formed a new swing low at $233. There is a major bearish trend line forming with resistance near $246 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either recover above $250 or decline again towards the $230 level.

Ethereum price moved into a bearish zone versus the US Dollar, but was stable vs bitcoin. ETH price is currently recovering higher, but it might face sellers near $250.

Ethereum Price Analysis

In the past two days, Ethereum price remained in a bearish zone below $265 against the US Dollar. The ETH/USD pair formed a couple of swing lows and declined below the $260 and $250 support levels. There was even a close below the $250 level and the 100 hourly simple moving average. The price traded below the $246 support level and formed a new weekly low near the $233 level. Recently, it started an upside correction above the $235 level and the 50% Fib retracement level of the downward move from the $252 high to $233 low.

However, there are many hurdles near the $244, $246 and $250 levels. Moreover, there is a major bearish trend line forming with resistance near $246 on the hourly chart of ETH/USD. The 61.8% Fib retracement level of the downward move from the $252 high to $233 low is also near the $244 level. Besides, the main resistance for the bulls is near the $250 level. Therefore, if there is an upside break above the trend line and $250, the price could recover further towards the $255 and $260 levels.

Conversely, if the price fails to break the $250 resistance, there is a risk of a fresh decline. An initial support is near the $240 level. If there is a downside break below $240, the price could move back towards the $233 swing low in the near term. Below $233, the price might continue to slide towards the $225 support area.

Looking at the chart, Ethereum price is clearly trading with bearish moves below the $250 level. Therefore, a proper close above the $250 barrier is needed for the bulls to gain control. The next key resistance is near the $255 level and the 100 hourly SMA, where sellers may emerge. Above $255, the price might test $260.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly moving back in the bullish zone, with a few positive signs.

Hourly RSI – The RSI for ETH/USD is currently moving higher towards the 50 level.

Major Support Level – $240

Major Resistance Level – $250

The post Ethereum (ETH) Price Turns Short Term Bearish: Sell Rallies? appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 1819.06 (-3.73%)
Объем 24H $62.203b
Изменеия 24h: -14.97 %, 7d: -35.50 %
Cегодня L: $1818.66 - H: $1893.23
Капитализация $219.549b Rank 2
Цена в час новости $ 245.03 (642.38%)

eth price bearish rallies sell short ethereum

Источник: newsbtc.com

eth price → Результатов: 126


Фото:

Grab 190M Daily Before It’s Gone: ZKP Emerges as Crypto’s First Presale Auction While AVAX and ETH Hit the Brakes

Once dominant cryptocurrencies pause at critical thresholds, focus organically transitions toward opportunity construction rather than valuation velocity. The Ethereum price chart demonstrates this uncertainty plainly, with ETH encountering distribution pressure underneath clearly marked resistance territory following current recovery efforts.

2026-2-1 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum price crash: What can investors expect in February 2026?

Ethereum’s price crash leaves ETH stuck in a firm downtrend, with negative flows and weak momentum making a sustained reclaim of $3,000 in February increasingly unlikely. Ethereum’s (ETH) price and latest selloff has left investors nursing losses and staring down…

Tom Lee Defends Bitmine as Ethereum Crashes to $2,273

Bitmine’s BMNR stock fell as Ethereum losses hit $6.6B. Tom Lee defends the strategy while the firm and investors continue accumulating ETH. The post Tom Lee Defends Bitmine as Ethereum Crashes to $2,273 appeared first on Coinspeaker.

Crypto crash nears its end? Fear and Greed Index flashes optimism

The crypto crash accelerated this week, with Bitcoin price tumbling to a 15-month low. Other top altcoins like Solana, Hyperliquid, Canton, and Zcash also retreated sharply. Altogether, this week’s crypto market crash has wiped out close to $500 billion in value.