Ethereum (ETH) Needs To Clear $605 For Hopes of a Fresh Rally

2020-12-7 09:28

Ethereum is consolidating in a contracting range above the $565 support against the US Dollar. ETH price must surpass $05 to start a strong upward move towards $625 and higher.

ETH price found support near $565 and started a steady recovery against the US Dollar. The price is currently trading above $580 and the 100 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $602 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could rise sharply towards $600 or higher if it clears the $605 resistance. Ethereum Price is Forming A Key Breakout

This past week, bitcoin and ethereum saw a minor downside correction below $18,800 and $580 respectively against the US Dollar. ETH price even spiked below the $572 support, but it remained stable above the 100 simple moving average (4-hours).

The $565 support zone acted as a strong barrier for the bears. A swing low was formed near $561 and the price started a fresh upward move. Ether climbed above the $575 and $580 levels. There was also a break above the 50% Fib retracement level of the downside reaction from the $625 swing high to $561 swing low.

Source: ETHUSD on TradingView.com

The price is now approaching a major resistance area near $600. There is also a major contracting triangle forming with resistance near $602 on the 4-hours chart of ETH/USD.

The triangle resistance is close to the 61.8% Fib retracement level of the downside reaction from the $625 swing high to $561 swing low. A successful break above the triangle resistance and $605 is must to start a strong increase. The next major resistance is at $620, above which the price could break the $636 yearly high.

Fresh Decline in Ether (ETH)?

If Ethereum fails to clear the $600 and $605 resistance levels, there is a risk of a bearish reaction. An initial support is near the $592 level.

The first major support zone sits near the $590 level and the triangle lower trend line. A downside break below the triangle support might lead the price towards the $565 support and the 100 simple moving average (4-hours).

Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

4 hours RSI – The RSI for ETH/USD is showing positive signs and it is above the 50 level.

Major Support Level – $590

Major Resistance Level – $605

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2328.5 (+0.16%)
Объем 24H $7.984b
Изменеия 24h: 0.93 %, 7d: -0.77 %
Cегодня L: $2299.76 - H: $2335.52
Капитализация $281.021b Rank 2
Цена в час новости $ 595.14 (291.25%)

eth ethereum 565 against dollar price support

Источник: newsbtc.com

eth ethereum → Результатов: 126


Bitmine’s Ethereum Holdings Cross 4% Milestone After Latest Weekly Accumulation

Bitmine Immersion Technologies has pushed its Ethereum (ETH) exposure to new highs. The firm’s holdings surpassed 4% of the total ETH supply as it accelerates its accumulation strategy. In its latest update, the company revealed it acquired 71,524 ETH over the past week, its “highest pace of buys since the week of December 22, 2025.

2026-4-14 07:57


Ethereum falls after rally as EF sells $8.3M in ETH holdings

Ethereum price moved slightly early Thursday as fresh scrutiny hit with the Ethereum Foundation (EF)’s move to convert a significant portion of its treasury from ETH into stablecoins. While the announcement coincided with the volatile price action that followed the US-Iran ceasefire, the top altcoin’s value pared some of the gains to around the $2,180 level as on-chain data showed EF’s treasury had sold 3,750 ETH for over $8.

2026-4-9 14:29


Analysts Predict $4500 Valuation to Ethereum (ETH), Ethereum Foundation Push Staked ETH to 70K

In early April, the Ethereum Foundation made headlines by staking another $93 million worth of ETH in a single session, pushing its total close to the 70,000 ETH target. This move highlights growing confidence in the network’s long-term strength after the successful Pectra upgrade and ahead of the anticipated Glamsterdam hard fork.

2026-4-7 01:00


Фото:

ICYMI: Ethereum Co-Founder Has Been Moving ETH To Exchanges, Here’s How Much

On-chain data has identified a massive ETH transfer linked to Ethereum co-founder Jeffrey Wilcke, raising immediate concerns about potential insider selling pressure on the already fragile market. Blockchain analytics platform Arkham Intelligence flagged the large-scale transaction, drawing widespread attention across the crypto community.

2026-3-12 22:00


Ethereum Foundation планирует блокировку в стейкинге 70 000 ETH

Некоммерческая организация Ethereum Foundation (EF) приступила к стейкингу части казначейских средств. Первая транзакция составила 2016 ETH. На первом этапе фонд суммарно заблокирует 70 000 ETH. Все доходы направят на поддержку экосистемы второй по капитализации криптовалюты: финансирование исследований и гранты для сообщества.

2026-2-25 13:51


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Is Finally Rewarding Risk Again – But the Direction Has Changed

Ethereum is pushing against the $2,400 level but has not been able to close above it, caught in a market that is heating up around it, while the price action remains tentative. The broader environment is increasingly constructive, but ETH is still navigating the lingering effects of the correction that defined the first quarter of […]

Ethereum Price Falls Below Psychological $2,000 Support — What Next?

After a show of resilience over the past few weeks, the Ethereum price finally gave way, falling below the $2,000 level for the first time since March 10th. The “King of Altcoins” succumbed to the downward pressure that spread across the global financial markets on Friday, March 27th, as the geopolitical tensions in the Middle East rage on.

Ethereum Activity Soars: Active Addresses Set New Record

Data shows the Ethereum network has recently set a new all-time high (ATH) in the Active Addresses indicator, suggesting elevated user activity. 30-Day MA Of Ethereum Active Addresses Has Reached A New ATH As highlighted by CryptoQuant community analyst Maartunn in an X post, the Ethereum Active Addresses has set a new record in its […]