Ethereum (ETH) Price Looks Set To Break $175-$180

2019-4-23 07:08

ETH price corrected lower and tested the $165-166 support area against the US Dollar. The price bounced back and recently broke the $169 and $170 resistance levels. There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels.

Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may accelerate above the $175 resistance in the near term.

Ethereum Price Analysis

Recently, we saw a sharp downside correction in Ethereum price from the $178 swing high against the US Dollar. The ETH/USD pair broke the $170 support level and traded close to the $165 support area. A swing low was formed at $166 and the price bounced back in the past three sessions. There was a break above the $169 and $170 resistance levels, pushing the price back in a positive zone. The price even settled above the $170 level and the 100 hourly simple moving average.

The bulls pushed the price above the 50% Fib retracement level of the last decline from the $178 high to $166 low. The price traded close to the $174 level, where sellers emerged. Besides, the price tested the 61.8% Fib retracement level of the last decline from the $178 high to $166 low. At the moment, there is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD. The pair seems to be trading nicely above the $170 level and the 100 hourly SMA.

As long as the price is above the $169 and $170 support levels, there could be more gains in the near term. On the upside, a break above the $175 resistance is likely to open the doors for more gains. The next stop for the bulls could be $180, where sellers might appear. On the other hand, a break below the $169 pivot level may push the price back towards the $166 level.

Looking at the chart, Ethereum price is trading with a positive bias above the $169 and $170 support levels. The current price action indicates an extended upward move above the $174 level. Once buyers gain pace above $175, there could be a sharp rally towards the $180 and $182 levels.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is about to gain strength in the bullish zone, with positive signs.

Hourly RSI – The RSI for ETH/USD is currently placed nicely above the 50 level, with a bullish angle.

Major Support Level – $169

Major Resistance Level – $175

The post Ethereum (ETH) Price Looks Set To Break $175-$180 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2426.3 (-0.01%)
Объем 24H $17.721b
Изменеия 24h: -1.86 %, 7d: -7.31 %
Cегодня L: $2366.56 - H: $2431
Капитализация $292.167b Rank 2
Цена в час новости $ 155.17 (1463.64%)

price eth support 170 180 set looks

Источник: newsbtc.com

price eth → Результатов: 126


Ethereum Netflow Spikes To Derivatives Markets – Is a Price Swing on the Horizon?

Ethereum (ETH) has experienced a lackluster phase in recent weeks, with the asset seeing small price surges but still struggling to hold near or above the $3,000 mark after a brief rally in August. According to a recent analysis from a CryptoQuant analyst, the behind the scenes of this price struggle for ETH has been quite interesting, with the asset seeing a significant shift in its netflow.

2024-10-26 11:30


Is This Ethereum ICO Project To Blame For ETH’s Price Slump?

The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt.

2024-7-9 19:00


Фото:

ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals

Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrency’s successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto […] The post ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals appeared first on Invezz.

2023-4-19 23:44


User Pays $2.6 Million to Transfer Just $130 Worth of ETH; By Far the Highest Fees Ever Paid

After climbing above $240, the second-largest cryptocurrency has slowed down and is keeping around this level. The percent of Ether supply in profit, which is the percentage of calculating ETH whose price at the last time it moved on-chain was lower than the current price, is currently hovering at 80%. It is the third attempt […]

2020-6-11 17:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum price briefly touches $2,700 as ETH comes to life

In an exciting turn of events for cryptocurrency enthusiasts, the Ethereum price has briefly touched the $2,700 mark. This resurgence is particularly noteworthy given the broader market dynamics and the strong performance of Bitcoin (BTC), which is nearing its all-time high of $73,794.

Cardano price prediction: will this ghost chain rebound?

Cardano price has been left in the dust this year, as investors focused on its lagging market share across the blockchain industry and its high valuation. ADA has plunged by over 35% this year, while Bitcoin has soared by 65% and moved to its highest level on record.