Ethereum price surged more than 12% and broke many hurdles near $230 and $240 against the US Dollar. ETH is likely to continue higher towards the $300 handle in the near term.
Ethereum declined below the $225 and $220 support levels against the US Dollar.
The key targets of $240 and $250 were achieved (as discussed in the weekly forecast).
There was a break above a major contracting triangle with resistance near $223 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is back above the $10,000 resistance and traded to a new 2020 high above $10,200.
Ethereum Price Starts Strong Increase
After a short term downside correction, Ethereum found support near the $218 area against the US Dollar. A support base was formed above $220 and recently ETH price started a fresh increase.
There was a sharp upward move above the $225 and $230 resistance levels. The bulls even push the price above the $230 swing high and the 100 hourly simple moving average.
During the rise, there was a break above a major contracting triangle with resistance near $223 on the hourly chart of ETH/USD. Ethereum cleared the $240 resistance and traded close to the $250 area.
Ethereum Price
A new 2020 high is formed near $248 and the price is currently correcting gains. An initial support is near the $242 level. It coincides with the 23.6% Fib retracement level of the recent rally from the $218 low to $248 high.
On the upside, the $248 and $250 levels are initial hurdles for Ethereum bulls. If they push the price above the $250 barrier, it could set the pace for more upsides towards $265. The next major resistance above $265 is seen near the $300 level.
Dips Remain Supported
If there is a downside correction, the bulls are likely to remain active above the $230 level. The first key support is near the $235 and $233 levels.
Besides, the 50% Fib retracement level of the recent rally from the $218 low to $248 high is at $233. Any further losses may perhaps lead Ethereum price towards the $225 support area and the 100 hourly SMA.
Overall, the bulls remain in control above $230 and $240. Therefore, if the price surges above the $250 level, the bulls are likely to aim a test of the $300 mark in the coming sessions.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now strongly in the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently correcting lower from the overbought zone.
Major Support Level – $233
Major Resistance Level – $250 The post appeared first on NewsBTC. origin »
Ethereum price struggled to clear the $3,400 zone and corrected gains. ETH is firm near $3,280 and might attempt another increase in the near term. Ethereum started a downside correction from the $3,400 resistance.
Ethereum found support near $1,735 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,885 and $1,920. Ethereum is slowly moving higher and trading above $1,850.
Ethereum found support near $1,760 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,850 and $1,880. Ethereum is slowly moving higher and trading above $1,800.
Ethereum is facing resistance near the $4,250 zone against the US Dollar. ETH must stay above $4,000 to start a steady increase in the near term. Ethereum started a recovery wave after a major drop below $4,000.
Ethereum is facing resistance near the $4,600 zone against the US Dollar. ETH must stay above $4,450 to start a steady increase in the near term. Ethereum is consolidating above the key $4,450 support zone.
With Bitcoin stealing most of the market attention, the top altcoin, Ethereum has been out of the larger picture since Q4 took off. On the price front, BTC’s growth has raised the market’s anticipThe post Ethereum’s 'vibrant development' can push prices in the near future appeared first on AMBCrypto.
Ethereum extended its rally and it traded to a new all-time high near $2,800 against the US Dollar. ETH price is correcting gains, but dips are likely to be supported near $2,650. Ethereum remained well bid and it even climbed towards the $2,800 level.
Ethereum extended its rally above the $1,800 resistance against the US Dollar. ETH price is currently correcting lower from $1,840, but it might find bids near $1,750. Ethereum remained in a positive zone and it pumped above the $1,800 resistance.
Ethereum gained pace above the $1,300 level against the US Dollar, but it struggled near $1,375. ETH price is approaching a major support and it is likely to bounce back above $1,350. Ethereum faced a strong selling interest near $1,375 and corrected lower.
Ethereum found support near $310 and started an upside correction against the US Dollar. ETH price recovered 8%, but it is facing many hurdles near $360 and $370. Ethereum is up over 8% and it broke the $335 and $340 resistance levels.
Ethereum is holding a crucial support zone near the $380 level against the US Dollar. ETH price seems to be basing for the next move and it might surge above $400 in the near term. Ethereum is currently consolidating above the $380 and $385 support levels.
Ethereum is up more than 5% and it broke the $130 and $132 resistance levels against the US Dollar. The price is currently consolidating near the $135 level, with a positive bias. There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum is down more than 6% and it broke the key $140 support area against the US Dollar. The price tested the final bearish target near the $132 and $130 levels. There is a short term contracting triangle forming with resistance near $133 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum is down more than 2% and it broke the $142 support area against the US Dollar. The price is currently correcting higher, but it could face hurdles near $142 and $144. Yesterday’s major bearish trend line is active with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights Ethereum classic price is facing a major resistance near $11. 00 against the US dollar. There is a crucial bearish trend line formed with resistance at $10. 95 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
Key Highlights ETH price traded higher and spiked above the $230 resistance against the US Dollar. There is a key ascending channel in place with support at $226 on the hourly chart of ETH/USD (data feed via Kraken).
EOS price is trading above the $5. 50 support against the US Dollar. EOS/USD is likely to break above the $5. 80 and $6. 00 resistance levels in the near term. Key Talking Points EOS price is trading in a tight range above the $5.
Chart for ETH/USD (4H)
Ethereum (ETH) has been trading in a strong ascending channel since the first signs of a trend reversal appeared. However, all hope of a recovery is once again lost as Ethereum (ETH) has just broken this channel.
Key Highlights ETH price is facing a strong resistance near the previous support at $224-225 against the US Dollar. There is a declining channel in place with resistance at $223 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights ETH price found support near the $213-214 zone after yesterday’s decline against the US Dollar. There was a break above a key bearish trend line with resistance at $221 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price is trading nicely above the $0. 5050 support against the US Dollar. XRP/USD is likely to extend gains above the $0. 5600 and $0. 5750 levels in the near term. Key Talking Points Ripple price is currently correcting lower from the $0.
Litecoin price failed to stay above $60. 00 and declined sharply against the US Dollar. LTC/USD is currently at a risk of more losses below the $56. 00 support. Key Talking Points Litecoin price faced selling pressure recently and declined below $59.
Litecoin price is holding the $59. 00 support against the US Dollar. LTC/USD must break the $62. 00 resistance to challenge the $65. 45 high in the near term. Key Talking Points Litecoin price is holding an important support near the $58.
Despite Lower Highs, Bitcoin May Be Bottoming On Friday, Tom Lee, who recently revealed that he expects for Ethereum to eclipse $1,900 by year’s end, made an appearance on Bloomberg to discuss Ethereum’s cousin or near relative, so to speak.
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Litecoin price recovered recently from the $54. 30 support against the US Dollar. LTC/USD seems to be struggling to hold gains above the $60. 00 resistance. Key Talking Points Litecoin price is trading positively above the $55.
Key Highlights ETH price is slowly recovering, but there are many hurdles on the upside near $224-225 against the US Dollar. There is a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights ETH price is under a downside correction since it broke the $245 support against the US Dollar. Yesterday’s discussed contracting triangle with support near $242 was breached on the hourly chart of ETH/USD (data feed via Kraken).
Despite being not enthusiastic about cryptos, the largest brokerage in Brazil will enter the crypto space by launching an exchange for Bitcoin and Ethereum in the near future.
The post Brazil’s Largest Independent Brokerage to Integrate Bitcoin and Ethereum by the Year End appeared first on CoinSpeaker.
Key Highlights ETH price is placed nicely above the $240 support area with positive signs against the US Dollar. There is a new contracting triangle forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken).
Litecoin price traded higher and broke the $58. 00 and $60. 00 resistances against the US Dollar. LTC/USD may continue to move higher towards the $70. 00 level in the near term. Key Talking Points Litecoin price gained traction and broke the $60.
Key Highlights ETH price surged higher and broke a key resistance near $210 against the US Dollar. This week’s followed important bearish trend line was breached near $209 on the hourly chart of ETH/USD (data feed via Kraken).
Ether has been on a prolonged downward spiral during 2018. Price has dropped from above $1400 in January to lows of below $200. At the start of the year, many analysts would have deemed such a drop near impossible.
Litecoin price recovered nicely from the $50. 00 support against the US Dollar. LTC/USD is moving higher but it could face sellers near $56. 50 and $58. 00. Key Talking Points · Litecoin price jumped back above the $52.
The daily trading candle on Bitfinex saw ethereum’s volumes spike to 932,000 eth this Monday, the second highest daily volume ever. Only last year’s 950,000 eth, on September 14th 2017, beats.
The muddled launch of the EOS mainnet in June ended what had been a positive year for the token up until that point. Despite that, EOS’s slide has been nowhere near as dramatic as Ethereum’s — and its user metrics show impressive community engagement
A lot of interesting things are happening in the cryptocurrency world right now. Most of the top currencies face minor setbacks, although the Ethereum price seemingly continues its uptrend which began yesterday.
Key Highlights ETH price started an upside correction after it found support near $168 against the US Dollar. There was a break above a major declining channel with resistance at $183 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price remained in a major downtrend below $0. 3120 support against the US Dollar. XRP/USD recently found support near $0. 2520 and it is currently recovering. Key Talking Points Ripple price traded towards the $0.
Litecoin price dived below the $50. 00 support against the US Dollar. LTC/USD later recovered, but it is facing many hurdles near $55. 00 and $57. 00. Key Talking Points · Litecoin price extended its decline and moved below the $50.
The volatile cryptocurrency market is seeing red — dipping to $198 billion in market capitalization late Monday. Notably, Ethereum (CRYPTO: ETH) plummeted to under $200 USD for the first time since July 2017 after peaking near $1,400 in mid-January.
Key Highlights ETH price is slowly recovering and is likely forming a support near $185 against the US Dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $193 on the hourly chart of ETH/USD (data feed via Kraken).
Litecoin price failed to recover above $56. 00 and declined against the US Dollar. LTC/USD is now at a risk of more losses below $52. 00 in the near term. Key Talking Points · Litecoin price recovery was failed near the $55.
Ethereum (ETH) has deepened problems for itself the last few days as the price has fallen through a series of supports which have now turned into resistances. The price on the 4H chart for ETH/USD above does not seem likely to break above the near term $202 resistance any time soon.
Though some optimists still hope for the bright future for cryptos, Ethereum co-founder believes that we won't see 1000x Growth again.
The post Ethereum Creator Vitalik Buterin Says Crypto Growth Ceiling Is Near appeared first on CoinSpeaker.
EOS price declined recently and traded towards the $4. 50 support against the US Dollar. EOS/USD is currently recovering, but it remains sell on rallies near $5. 50 and $5. 70. Key Talking Points EOS price recently declined below $5.
Key Highlights ETH price started a short term upside correction after trading as low as $185 against the US Dollar. There is a crucial bearish trend line in place with resistance at $205 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights ETH price is under heavy selling pressure as it recently broke the $200 support against the US Dollar. There is a major bearish trend line formed with resistance at $205 on the 4-hours chart of ETH/USD (data feed via Kraken).
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