Ethereum has been frontrunning the aggregated crypto markets over the past several days and weeks, with last week’s rise above ETH’s resistance at $200 offering investors a hint that Bitcoin would subsequently be able to break through its key resistance at $10,000.
Following Bitcoin’s overnight break below the key five-figure price level, however, Ethereum has shown some signs of weakness, as the cryptocurrency is now nearing a key resistance-turned-support level.
How ETH responds to this level will offer critical insights into where the markets are heading next, as a firm defense of this level could signal that a continuance of its recent uptrend is imminent.
Ethereum Declines Slightly After Bitcoin Broke Below $10,000
At the time of writing, Ethereum is trading down just over 2% at its current price of $221, which marks a notable decline from its daily highs of just over $230 that were set yesterday.
It is important to note that the meteoric rise that sent ETH from lows of $185 to its recent highs occurred mostly over a three-day period, with its uptrend transforming into a bout of sideways trading once it reached roughly $220.
It now appears that the cryptocurrency is about to retest this previous resistance level, and how much support this offers the cryptocurrency could provide massive insight into whether or not it will be able to extend its recent uptrend.
Luke Martin, a prominent cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that ETH was able to post a breakout on its weekly chart, suggesting that a defense of $220 could mean further upside is imminent.
“ETH was able to breakout on the weekly chart. On smaller timeframes it looks like price is retesting the broken resistance as support,” he noted.
$ETH was able to breakout on the weekly chart.
On smaller timeframes it looks like price is retesting the broken resistance as support. pic.twitter.com/MJGzRCGfZK
— Luke Martin (@VentureCoinist) February 10, 2020
Data Suggests ETH has Massive Buying Pressure Between $209 and $216
If Ethereum bulls are unable to support its price above $220 in the near-term, it is unlikely its downtrend will cut too deep, as data from IntoTheBlock shows that a significant number of investors entered positions between $209 and $216, suggesting that this is a strong region of support.
“But what if the price of Ethereum starts declining? The IOMAP analysis reveals that ETH has a strong support level at the range of $209 to $216, where 838k addresses bought 4.02m,” they noted referencing the data point seen below.
5) But what if the price of #Ethereum starts declining?
The IOMAP analysis reveals that ETH has a strong support level at the range of $209 to $216, where 838k addresses bought 4.02m $ETH pic.twitter.com/DIZUBCYOOU
— intotheblock (@intotheblock) February 10, 2020
If the aforementioned region continues to hold as strong support, it is highly probable that Ethereum will be able to further extend its recently incurred uptrend.
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Ethereum’s price nears $3,721 resistance as exchange outflows and rising inflows highlight bullish investor confidence. Will ETH hit $4,000?
The post Ethereum Faces Final Resistance Before $4,000 Amid Increasing Accumulation appeared first on BeInCrypto.
Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier.
Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance. Ethereum started a fresh increase above the $3,120 resistance zone.
Ethereum price started a fresh upward move above the $2,335 resistance. ETH is now aiming for more upsides above the $2,420 resistance. Ethereum started another increase from the $2,280 resistance.
Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance.
Ethereum (ETH) has recently faced a significant hurdle as it attempted to break above the orange resistance box, which has now been confirmed as the range-high resistance for the new red-orange range spanning from $2,791 to $3,300.
Ethereum price started a decent increase above the $1,870 resistance against the US Dollar. ETH could attempt an upside break above the key $1,920 resistance. Ethereum is slowly attempting a recovery wave from the $1,840 support zone.
Ethereum price is moving higher above the $1,880 resistance against the US Dollar. ETH could surge toward $2,000 or $2,050 if it clears the $1,920 resistance. Ethereum is moving higher toward the $2,000 resistance.
Ethereum price is slowly moving higher above the $1,750 resistance against the US Dollar. ETH could rally if it clears the $1,800 resistance zone. Ethereum is slowly moving higher above the $1,750 and $1,760 levels.
Ethereum gained pace and cleared the $2,000 resistance against the US Dollar. ETH is consolidating and might rise further towards the $2,120 resistance. Ethereum extended its increase above the $1,920 resistance zone.
Ethereum struggled to clear the key $1,920 resistance against the US Dollar. ETH declined sharply and now testing the main $1,700 support zone. Ethereum failed to surpass the main $1,920 resistance zone.
Ethereum gained pace above the $3,500 resistance against the US Dollar. ETH price is consolidating and might eye more gains above the $3,550 resistance. Ethereum started a fresh increase after it cleared the $3,450 resistance.
Ethereum gained pace above the $2,700 resistance against the US Dollar. ETH price could extend gains if there is a clear move above the $2,800 resistance. Ethereum gained pace above the $2,650 and $2,750 resistance levels.
Ethereum gained bullish momentum above the $1,150 resistance against the US Dollar. ETH price broke the $1. 200 resistance, but it struggled to clear the $1,250 level. Ethereum started a steady increase above the $1,150 and $1,200 resistance levels.
Ethereum surged over 5% and it even spiked above the $400 resistance against the US Dollar. ETH price is struggling to clear the $400 resistance, but is remains well supported. Ethereum started a strong upward move above the $385 and $392 resistance levels.
Ethereum surged above the $370 resistance against the US Dollar. ETH price tested the $395 resistance and it is currently correcting lower towards the $380 support zone. Ethereum gained bullish momentum above the $370, $375 and $380 resistance levels.
Ethereum rallied more than 5% and it broke the key $370 resistance against the US Dollar. ETH price is struggling to clear the $390 resistance and it is currently correcting lower. Ethereum started a strong increase after forming a key double bottom pattern near $355.
The Ethereum Classic (ETC) price is currently making its third attempt at breaking out above a minor resistance level. Long-term indicators are bullish, suggesting that the price will eventually be successful in breaking out.
Like Bitcoin, Ethereum has flatlined over the past few months. For just around eight weeks now, the leading altcoin has traded in between $230 and $240, barely deviating from these two levels. Yet an analyst expects a massive breakout should ETH break above an extremely close resistance level.
Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250. Ethereum is slowly gaining bullish momentum above the $232 resistance The price tested the $235 resistance and trading well above the […]
Ethereum (ETH) has found itself caught within a firm uptrend over the past several days, which has allowed it to quickly near its next key resistance level at $140, with a break above the resistance that exists here potentially allowing it to climb significantly higher.
After a long period of trading sideways within the mid-$180 region, Ethereum (ETH) has now begun to incur significant upwards momentum that has pushed it up to $190, which is where it faces some notable resistance that could ultimately push its price lower in the near-term.
Ethereum price is currently correcting losses after it traded as low as $$153 against the US Dollar. Bitcoin price is struggling to recover above the $7,500 and $7,600 resistance levels. This week’s followed bearish trend line is still active with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken).
On Saturday 19, the market lit up in green seeing the recent price stalemate broken off. A majority of coins begun surging with the crypto leader breaking past the $3,700 resistance level. This crucial break meant altcoins breaking through short-term resistance position.
ETH price faced a strong resistance near the $127 and $128 levels recently against the US Dollar. There is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD (data feed via Kraken).
ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $12 Support levels: $5, $3, $1. In the first week of January, the ETC/USD pair was in a sideways trend. The crypto’s price was fluctuating above the $5.
ETH/USD Long-term Trend: Bearish Resistance Levels: $350, $370, $390 Support Levels: $120, $100, $80 The price of Ethereum is currently in the bearish trend zone. The ETHUSD pair is trading above the $120 price level in the bearish trend zone.
Ethereum hugely outperformed from mid- December to early January but has since been underperforming other major cryptocurrencies. If we draw Fibonacci retracement levels from the December low to the January, the price seems to be finding support at key levels between points.
Constantinople has been delayed. Support moving forward: $115.96, $110.46, $102.55, $101.27, $100, $93, $84.03. Resistance moving forward: $134.67, $138.29,…
The post Ethereum Price Analysis: Can ETH Break Above $135 to Head Higher Or Will the Bears Push the Market Below $115? appeared first on Invest In Blockchain.
ETH/USD Medium-term Trend: Ranging Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Yesterday, January 17, the price of Ethereum was in a bearish trend zone. The crypto had been in the bearish trend zone since January 15, 2019.
ETH price is currently consolidating above the $116 and $117 support levels against the US Dollar. Yesterday’s highlighted key bearish trend line is active with resistance at $126 on the hourly chart of ETH/USD (data feed via Kraken).
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Yesterday, January 16, the price of Ethereum was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA, which indicates that the ETH price is likely to fall. Presently, the crypto’s price is trading […]
ETH price is currently struggling to settle above the $124-125 resistance area against the US Dollar. There is a new connecting bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD (data feed via Kraken).
EOS price declined recently after testing the $3. 00 resistance area against the US Dollar. The $2. 20 support holds the key for the next move versus USD and BTC. Key Talking Points EOS price is placed nicely above a major support at $2.
Bitcoin might be in for further declines as it hovers around the bottom of the descending channel on the 4-hour chart. A larger bounce could still take it up to the Fib levels nearby. However, the 100 SMA recently crossed below the longer-term 200 SMA to confirm that the path of least resistance is to […]
The post Bitcoin (BTC) Price Analysis: Can Sellers Gain More Momentum? appeared first on Ethereum World News.
Ripple price has formed a major support near 0. 0000900BTC against bitcoin. XRP is likely preparing for an upside break above 0. 0000920BTC and 0. 0000950BTC in the near term. Key Talking Points Ripple price is forming a crucial support base near the 0.
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Yesterday, January 15, the price of Ethereum was in a bearish trend zone. The bulls had taken price to the $134.
ETH/USD Medium-term Trend: Bullish Resistance Levels: $240, $250, $260 Support Levels: $120, $110, $100 Yesterday, January 14, the price of Ethereum was in a bullish trend zone. The crypto’s price fell to the low of $116.
ETH price rallied recently and recovered sharply above $121 and $126 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin recently broke below a short-term rising trend line to signal that a reversal might be underway. Price has found support at the $3,600 area, though, and a pullback is taking place. The 100 SMA is still below the longer-term 200 SMA on this 1-hour time frame, indicating that the path of least resistance is […]
The post Bitcoin (BTC) Price Analysis: Time for a Pullback… Again! appeared first on Ethereum World News.
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Last week, the price of Ethereum was in a bearish trend zone. The crypto was ranging above the $150 price level and it was assumed that if the bears broke the $150 price level, the crypto’s price would fall. On December […]
Key Highlights ETH price declined further and broke the $121 support area against the US Dollar. There are two bearish trend lines formed with resistance near $121 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin is starting to trend lower since last week’s selloff, creating a descending channel with its lower highs and lower lows on the 4-hour time frame. Price is down to the mid-channel area of interest after recently bouncing off the resistance.
“Bitcoin is Currency Of Resistance” Max Keiser has long been a Bitcoin (BTC) bull, finding first about the cryptocurrency during its earliest blocks, if you will. And since then, the American broadcaster has incorporated his love for this nascent asset class onto his and his wife’s show hosted on RT, which has been fittingly named the “Keiser […]
The post Max Keiser: Bitcoin (BTC) Is The Currency Of Global Revolution appeared first on Ethereum World News.
ETH price declined heavily this past week below the $146 and $130 supports against the US Dollar. There is a crucial bearish trend line formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken).
ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $12 Support levels: $5, $3, $1. The ETC/USD pair had been in a bullish trend since the beginning of January 2019. On January 1, the crypto’s opening balance had risen to the high of $5.
ETH/USD Long-term Trend: Bearish Resistance Levels: $350, $370, $390 Support Levels: $120, $100, $90 The price of Ethereum had been in the bullish trend since on December 17. On January 1, the crypto’s opening balance had risen to the high of $136 but the bulls could not break the resistance at the $160 price level. […]
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $130, $120, $110 Yesterday, January 10, the price of Ethereum was in a bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days.
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