Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250.
Ethereum is trading well above the $240 support and the 100 hourly simple moving average.
The price must surpass the $245 and $250 resistance levels to continue higher.
There was a break above a key bearish trend line with resistance near $242 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could dip in the short term, but the $240 zone is likely to provide support.
Ethereum Price Showing Positive Signs
Ethereum price extended its decline below the $240 support level. ETH price traded close to the $235 level before the bulls took a stand. A low is formed near $234 and the price recently recovered sharply.
There was a break above the $240 resistance zone and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $242 on the hourly chart of ETH/USD.
Ethereum Price
However, ether price again struggled to gain strength above the $245 resistance. A high is formed near $246 and the price is currently correcting lower. It tested the 23.6% Fib retracement level of the recent wave from the $234 low to $246 high.
The first major support on the downside is near the $242 level and the 100 hourly simple moving average. The next key support is near the $240 level and the 50% Fib retracement level of the recent wave from the $234 low to $246 high.
On the upside, the bulls need to gain strength above the $245 and $250 resistance levels to start a strong increase. The next major barrier could be near the $260 and $262 levels.
Dips Supported in ETH
If Ethereum fails to continue higher above $245, it could react to the downside. The main support is near the $240 level and the 100 hourly simple moving average.
If the price settles below $240, there is a risk of another test of the $230 support. Any further losses could lead the price towards the $220 support zone.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently well above the 50 level.
Major Support Level – $240
Major Resistance Level – $250
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Ethereum price started a decent increase above the $3,900 zone. ETH is consolidating gains and might aim for a move above the $4,000 resistance zone. Ethereum started a decent increase above $3,880 and $3,920.
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is moving higher above the $3,500 zone. The price is trading above $3,520 and the 100-hourly Simple Moving Average.
Ethereum price extended its increase toward $3,900. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,880. The price is trading above $3,700 and the 100-hourly Simple Moving Average.
Ethereum price is pumping above the $3,550 resistance. ETH is following Bitcoin and might soon rally toward the $4,000 resistance zone. Ethereum is gaining pace above the $3,550 resistance zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average.
Ethereum price is consolidating gains above the $2,575 support. ETH could start a major rally if there is a close above the $2,700 resistance. Ethereum is consolidating gains above the $2,575 support zone.
Ethereum price recovered all losses and climbed above $2,050. ETH outperformed Bitcoin and might aim for more gains above the $2,120 resistance. Ethereum remained strong above $1,930 and started a fresh increase above $2,000.
ETH was up by nearly 4% in just the last 24 hours.
Its RSI was overbought, but Open Interest looked bullish.
Ethereum [ETH] once again initiated a bull rally as its price jumped above thThe post Why Ethereum's move above $2K may not last appeared first on AMBCrypto.
Ethereum price rallied above the $1,700 resistance against the US Dollar. ETH struggled near $1,750 and is currently correcting gains. Ethereum gained momentum above the $1,660 and $1,670 levels.
Ethereum price is recovering above the $1,650 resistance against the US Dollar. ETH could rise further if there is a clear move above the $1,700 resistance. Ethereum is moving higher above the $1,650 and $1,660 levels.
Ethereum price is recovering above the $1,850 zone against the US Dollar. ETH could restart its decline if there is no move above the $1,900 resistance. Ethereum is slowly moving higher above the $1,850 zone.
Ethereum price is recovering above $1,700 against the US Dollar. ETH could continue to move up if it clears the $1,780 resistance zone. Ethereum was able to climb above the $1,700 and $1,720 resistance levels.
Ethereum price is gaining pace above the $1,780 resistance against the US Dollar. ETH could rally if it clears the $1,850 resistance zone. Ethereum is gaining pace above the $1,760 and $1,780 levels.
Ethereum price is consolidating losses above $1,540 against the US Dollar. ETH could rise if there is a clear move above the $1,580 resistance. Ethereum is consolidating losses above the $1,540 support zone.
Ethereum price spiked above $1,700 before correcting lower against the US Dollar. ETH is still well supported above the $1,600 zone and the 100 hourly SMA. Ethereum climbed above the $1,700 resistance before the bears took a stand.
Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650. Ethereum is showing positive signs above the $1,620 and $1,600 levels.
Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels. Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels.
Ethereum is slowly moving higher above the $1,320 level against the US Dollar. ETH could gain pace above the $1,350 and $1,400 resistance levels. Ethereum remained strong above the $1,265 support zone and started a decent increase.
Ethereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance. Ethereum is gaining pace and recently traded above the $1,375 level.
Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels. Ethereum is slowly moving higher and trading above the $1,300 level.
Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum recovered above $1,300 and started a consolidation phase.
Ethereum is gaining pace above $1,360 against the US Dollar. ETH could start a fresh rally if there is a clear move above the $1,400 resistance zone. Ethereum is showing positive signs above the $1,320 and $1,350 support levels.
Ethereum corrected lower below $1,750 against the US Dollar. ETH remained well bid above $1,680 and is eyeing a fresh surge above $1,750. Ethereum is trading in a bullish zone above the $1,680 and $1,700 levels.
Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels.
Ethereum failed again to settle above the $1,620 zone against the US Dollar. ETH is sliding and might struggle to stay above the $1,480 support. Ethereum started another decline after there was a false break above $1,620.
Ethereum is showing positive signs above $1,720 against the US Dollar. ETH could start a strong increase if there is a clear move above the $1,850 resistance. Ethereum remained well supported above the $1,720 support zone.
Ethereum found support near $1,700 against the US Dollar. ETH started a recovery wave and climbed above the key $2,000 resistance zone. Ethereum started a decent recovery wave above the $1,900 and $2,000 levels.
Ethereum started a strong recovery from $2,800 against the US Dollar. ETH is back above $3,000 and eyes a major increase above the $3,035 resistance. Ethereum started a major recovery wave above $2,900 and $2,950.
Ethereum gained pace above the $3,050 resistance against the US Dollar. ETH price could continue higher if there is a clear move above the $3,120 resistance. Ethereum extended upside correction above the $3,080 and $3,100 levels.
Ethereum rallied above $2,750 against the US Dollar. ETH price is now consolidating near $2,800 and might rise further above $2,850. Ethereum started a fresh increase above the $2,750 resistance level.
Ethereum started a decent increase above the $2,600 resistance against the US Dollar. ETH price is gaining pace and could even rally above the $2,720 zone. Ethereum formed a base above $2,500 and started a fresh increase above $2,600.
Ethereum extended increase above the $3,050 resistance against the US Dollar. ETH price even climbed above $3,150 and might attempt a break above $3,200. Ethereum gained pace and was able to clear the $3,120 resistance.
Ethereum started a steady increase above the $2,650 resistance against the US Dollar. ETH price could rise further if there is a clear move above the $2,800 level. Ethereum gained pace above the $2,600 and $2,650 resistance levels.
Ethereum is gaining pace above the $3,950 zone against the US Dollar. ETH price is showing positive signs and the bulls might aim a larger increase above $4,100 Ethereum started a fresh increase and even climbed above the $4,000 resistance zone.
Ethereum is forming a base above the $3,850 zone against the US Dollar. ETH price could start a fresh increase if there is a clear break above the $4,000 resistance. Ethereum is struggling to gain pace above the $4,000 resistance zone.
Ethereum is up 5% and the bulls pumped the price above $4,000 against the US Dollar. ETH price could continue to rise if it stays above the $3,920 support. Ethereum gained pace for a move above the $3,850 and $3,920 resistance levels.
Ethereum gained pace above the $4,550 resistance against the US Dollar. ETH is trading above $4,700 and it could accelerate further higher in the near term. Ethereum is trading in a bullish zone above the $4,550 level.
Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,500 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level.
Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level.
Ethereum gained pace and traded to a new all-time high above $4,700 against the US Dollar. ETH is showing positive signs and it could extend gains above $4,750. Ethereum gained pace above the $4,600 and $4,650 resistance levels.
Ethereum started a fresh increase above $4,200 against the US Dollar. ETH could gain pace if there is a clear break above $4,250 in the near term. Ethereum was able to climb above the $4,150 and $4,200 resistance levels.
Ethereum followed bitcoin and rallied above the $4,000 resistance against the US Dollar. ETH is correcting gains, but the bulls could remain active near $4,000. Ethereum started a fresh increase above the $3,880 and $4,000 resistance levels.
While Ethereum (ETH) has increased considerably in the month of October, it has yet to move above the September highs at $4,027.
The post Ethereum (ETH) Readies for Another Attempt at Moving Above $4,000 appeared first on BeInCrypto.
Ethereum gained pace above the $3,700 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surge above $4,000. Ethereum started a fresh increase above the $3,650 and $3,750 resistance levels.
Ethereum gained strength above $3,200 and $3,350 against the US Dollar. ETH price could start a fresh rally if it clears $3,450 and $3,500. Ethereum started a steady increase after it settled above the $3,200 level.
Ethereum is holding gains above the $3,000 pivot zone against the US Dollar. ETH price is likely to accelerate higher if there is a clear break above the $3,200 resistance zone. Ethereum is trading nicely above the $3,000 and $3,050 support levels.
Ethereum confirmed a strong bullish signal yesterday after it closed a daily candle above $2,400. In fact, the crypto-asset crossed above its psychological resistance for the first time since 14 June.
Ethereum is trading in a positive zone above the $2,150 support zone the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,300. Ethereum is trading in a positive zone above the $2,100 and $2,150 support levels. The price is now trading above $2,100 […]
Ethereum started a steady increase and cleared the $2,550 resistance against the US Dollar. ETH price is now struggling to climb higher above $2,650 and the 100 hourly SMA. Ethereum gained pace for a move above the $2,500 and $2,550 resistance levels.
Ethereum is stable above the $2,500 support zone and the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,700. Ethereum is trading in a positive zone above the $2,500 and $2,520 support levels.
Ethereum (ETH) has had a turbulent week, with the price dipping to tag the critical $3,000 support level before recovering to current levels around $3,200. This sharp drop sparked fear among investors, as doubts about Ethereum’s performance for this cycle intensified.
Ethereum is experiencing a gradual recovery as its price climbs above $3,100. This marks a 2. 3% increase over the past day. However, the asset remains in a state of overall decline, down 3. 3% over the week.
Ethereum price struggled to continue higher above $3,220 and dipped. ETH is now consolidating losses and might face resistance near the $3,200 zone. Ethereum started a fresh decline below the $3,150 zone.
Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential.
Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term. Ethereum started a fresh increase from the $3,180 support zone.
Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, raising concerns among investors. As the broader crypto market shows signs of strength, Ethereum’s underperformance has sparked fears that this cycle may not deliver the returns many expected from the leading altcoin.
Ethereum price remained below the $3,500 resistance while Bitcoin rallied. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,450 and corrected gains.
