Ethereum Price Analysis: Can ETH/USD Hold 100 SMA?

2018-7-19 08:00

Key Highlights ETH price started a major downside correction below the $500 level against the US Dollar. This week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $470 support and the 100 hourly simple moving average.

Ethereum price trimmed most of its gains against the US Dollar and Bitcoin. ETH/USD must stay above the 100 hourly SMA to avoid a push to $455.

Ethereum Price Support

There was a decent upside move above the $500 level in ETH price against the US Dollar. The ETH/USD pair traded as high as $517 before sellers appeared. The price started a solid downside correction and moved below the $500 and $490 support levels. During the decline the price cleared the 50% Fib retracement level of the last leg from the $465 low to $517 high.

It opened the doors for more declines and the price broke the $485 support. Moreover, this week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD. The pair is currently trading near the $470 support and the 100 hourly simple moving average. However, it has surpassed the 76.4% Fib retracement level of the last leg from the $465 low to $517 high. It indicates that there are high chances that the price could decline towards the $465 low in the near term. Below this, the next support is near the $455 level, which was a resistance earlier.

Looking at the chart, the price must hold the $470 support and the 100 hourly SMA. If it recovers, the previous support near the $482-485 zone is likely to act as a resistance. Above this, the price will most likely break the $500 level and resume its uptrend.

Hourly MACD – The MACD is placed heavily in the bearish zone.

Hourly RSI – The RSI is currently well above the 50 level.

Major Support Level – $470

Major Resistance Level – $485

The post Ethereum Price Analysis: Can ETH/USD Hold 100 SMA? appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2263.36 (-0.26%)
Объем 24H $46.698b
Изменеия 24h: -2.60 %, 7d: -24.51 %
Cегодня L: $2214.76 - H: $2318.67
Капитализация $273.173b Rank 2
Цена в час новости $ 477.72 (373.78%)

eth price 100 usd support key ethereum

Источник: newsbtc.com

eth price → Результатов: 113


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 64 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru