Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98

2018-12-16 07:08

Key Highlights

ETH price declined recently and traded towards the $80-81 support area against the US Dollar. There was a break above a major bearish trend line with resistance at $84 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to move higher, but it could face sellers near the $98 and $100 levels.

Ethereum price failed to gain bullish momentum versus the US Dollar and Bitcoin. ETH/USD remains a sell near the $98-100 resistance area in the near term.

Ethereum Price Analysis

This past week, ETH price started a downside move after trading as high as $98 against the US Dollar. The ETH/USD pair declined below the $90 and $84 support levels. The decline was such that the price traded close to the $80 support level. Later, the price recovered above $82, but it is still well below the 100 simple moving average (4-hours). Buyers recently pushed the price above the 23.6% Fib retracement level of the last decline from the $98 high to $80 low.

Moreover, there was a break above a major bearish trend line with resistance at $84 on the 4-hours chart of ETH/USD. The pair is currently trading above the $85 level, but there are many hurdles on the upside near the $89, $90, $95, $98 and $100 levels. An initial resistance is $89 and the 50% Fib retracement level of the last decline from the $98 high to $80 low. However, the main resistance is near the $98 level and the 100 simple moving average (4-hours).

The above chart indicates that ETH price might move a few points above $85 and $90. Having said that, it is likely to face a strong selling interest near the $98-100 zone. On the downside, the main supports are at $81 and $80.

4-hours MACD – The MACD just moved positively in the bullish zone.

4-hours RSI – The RSI recently jumped above the 50 level.

Major Support Level – $80

Major Resistance Level – $98

The post Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98 appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2105.19 (+0.28%)
Объем 24H $48.759b
Изменеия 24h: -7.13 %, 7d: -28.78 %
Cегодня L: $2085.16 - H: $2167.23
Капитализация $254.083b Rank 2
Цена в час новости $ 86.38 (2337.13%)

eth price near ethereum capped remains analysis

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

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 Products Recorded Net Outflow of $1.7B Last Week

Crypto investment products extended their outflow streak last week, with $1.7 billion in outflows that pushed year-to-date net withdrawals to $1 billion. The post Crypto Products Recorded Net Outflow of $1.7B Last Week appeared first on Coinspeaker.

Ether dips 10% as bears target the June 22 low: Check forecast

The cryptocurrency market continues its bearish start to 2026, with the leading cryptocurrencies recording massive losses over the weekend.   Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) trade in red on Monday after dipping by over 11%, 19%, and 13%, respectively, in the previous week.