Ethereum (ETH) Price Smashes Resistance, $175 Could Be Next

2019-4-17 07:08

ETH price formed a solid support near $155 and recovered nicely against the US Dollar. The price gained traction above the $162 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair accelerated towards the $168 level and it may continue to rise towards the $175 level.

Ethereum price started a fresh upward move versus the US Dollar, with positive moves in bitcoin. ETH is likely preparing for more gains and it could reach the $175 resistance.

Ethereum Price Analysis

Recently, we saw an extended downside correction below the $160 level in Ethereum price against the US Dollar. The ETH/USD pair tested the $155 level and settled below the 100 hourly simple moving average. However, the $155 level acted as a strong support and later the price started a fresh increase. Bulls gained traction above the $160 resistance and the 50% Fib retracement level of the last drop from the $170 high to $155 low.

More importantly, yesterday’s highlighted key bearish trend line was breached at $164 on the hourly chart of ETH/USD. The pair rallied above the $162 level and the 100 hourly SMA. Besides, there was a break below the 61.8% Fib retracement level of the last drop from the $170 high to $155 low. The price traded close to the $170 resistance area and formed a high near $168. It is currently consolidating gains above the broken trend line and the 100 hourly SMA. An immediate support is $165 and the 23.6% Fib retracement level of the recent wave from the $155 low to $168 high.

On the upside, a break above the $168 and $170 resistance levels may open the doors for more gains. The next stop for buyers could be $175, where sellers could appear. Having said that, if there is an upside break above $175, the price could continue to accelerate towards the $180 resistance.

Looking at the chart, Ethereum price is showing positive signs above the $165 and $162 support levels. In the short term, there might be range moves above the $162 support. If there is an extended correction, the price could test the 50% Fib retracement level of the recent wave from the $155 low to $168 high. Finally, the price is likely to clear the $170 resistance to test $175.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD moved back in the bullish zone, with positive signs.

Hourly RSI – The RSI for ETH/USD bounced back above 50 and it is currently near the 60 level.

Major Support Level – $162

Major Resistance Level – $170

The post Ethereum (ETH) Price Smashes Resistance, $175 Could Be Next appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2425.45 (-0.11%)
Объем 24H $17.748b
Изменеия 24h: -1.78 %, 7d: -7.45 %
Cегодня L: $2366.56 - H: $2431
Капитализация $292.065b Rank 2
Цена в час новости $ 165.65 (1364.2%)

price eth resistance next hourly 175 smashes

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