Ethereum is trading in a strong uptrend above the $230 pivot zone against the US Dollar. ETH price is likely to continue higher above the $245 and $250 resistance levels.
Ethereum started a downside correction from the $250 resistance zone.
The price corrected below the $240 level, but it found support near the $230 level.
There is a major bullish trend line forming with support near $232 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to continue higher above the $245 and $250 resistance levels.
Ethereum Price Could Revisit $250
Ethereum price is following a bullish path and it recently surged above the $240 level. ETH price gained pace and surged towards the $250 resistance zone, with a close above the 100 hourly simple moving average.
A high was formed near $250 before ether price corrected lower. There was a break below the $240 level, but the $230 level acted as a strong support. A low is formed near $229 and the price is currently rising.
There was a break above the $235 level and a connecting bearish trend line on the hourly chart of ETH/USD. The price spiked above the 50% Fib retracement level of the downward move from the $250 high to $229 low.
Ethereum Price
However, the price seems to be struggling near the $240 level. It is close to the 61.8% Fib retracement level of the downward move from the $250 high to $229 low. If Ethereum gains pace above the $240 level, it is likely to revisit the $250 resistance zone.
Any further gains could start another major rally and the price might break the $260 and $265 levels in the coming sessions.
Dips Supported in ETH
If Ethereum fails to continue above the $240 level or $245, there might be another correction. An initial support is near the $235 level. The first major support is seen near the $232 level.
There is also a major bullish trend line with support near $232 on the same chart. If the price breaks the trend line support and also clears the $230 level, there is a risk of a larger decline in the near term.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 50 level, with a minor bearish angle.
Major Support Level – $232
Major Resistance Level – $245
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Ethereum is facing resistance above $1,250 against the US Dollar. ETH could gain bullish momentum if it clears the $1,230 and $1,250 resistance levels. Ethereum attempted a recovery wave and climbed above the $1,200 level.
Ethereum declined close to 20% and it tested the $1,050 zone against the US Dollar. ETH price is currently recovering, but it might struggle near $1,200 and $1,250. Ethereum declined heavily after it broke the $1,250 and $1,200 support levels.
Ethereum has enjoyed massive gains throughout the weekend. The altcoin went into the weekend trading within range after the moderate end of week gains. A break above this $210-$215 range at the start of the weekend, has led to parabolic action.
The crypto-market noted a minor surge recently, one which propelled the collective market cap to $250 billion as Bitcoin's dominance continued to remain around the 65% mark. While this latest swing toThe post Tezos struggles as Ethereum Classic, VeChain revisit uptrends appeared first on AMBCrypto.
Ethereum is trading nicely above the $192 and $200 support levels against the US Dollar. ETH price could start a strong rally if it clears the $210 and $215 resistance levels. ETH price is showing positive signs above $200 pivot level against the US Dollar.
Ethereum is following a strong bullish path above the $200 support against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards the $240 and $250 levels. ETH price corrected lower from the $227 high, but found support near $202 against the US Dollar. It is currently rising and trading with...
Ethereum is up more than 12% and it broke the $220 resistance against the US Dollar. ETH price is likely to continue higher and it could even test the $240 and $250 levels. Ethereum is surging and it recently broke the $215 and $220 resistance levels.
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Ethereum continues to lead the market. Since the turn of the year, Ethereum has stayed ahead of the curve, and now even as uncertainty takes hold of the market, the largest altcoin continues to forge ahead.
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Ethereum failed to continue higher above the $252 resistance and declined against the US Dollar, similar to bitcoin. However, ETH price is now trading near a key uptrend support. ETH price is down 5% and it is now trading below the $235 level against the US Dollar.
Снижение на рынке криптовалют продолжилось. Со среды показатель суммарной капитализации рынка потерял 4,2% и к текущему моменту его значение составляет $250 млрд. Наш индикатор BC 10 Index потерял 3,7%, опустившись до значения 156 пунктов.
Ethereum started a downside correction from well above the $280 level against the US Dollar, similar to bitcoin. ETH price found support near $245 and it is currently forming a fresh bullish trend. ETH price is trading nicely above the $245 and $250 support levels against the US Dollar. The price is slowly rising and...
Ethereum has been caught within some turbulence over the past week, with its price action largely mirroring that of Bitcoin and the aggregated crypto market. Earlier this week, ETH plummeted from its recent highs of $280 to lows of $250, before finding some strong buying pressure that has allowed it to climb back to its current price region.
Ethereum (ETH) has seen some mixed price action over the past week, with the cryptocurrency previously finding some stability around $280 before plummeting below $250 in tandem with Bitcoin’s crash below $10,000.
Ethereum has begun climbing higher after facing some intense selling pressure over the past couple of days, which sent ETH from highs of $285 to lows of under $250 before it was finally able to bounce and begin climbing back towards its recent highs.
Ethereum has fallen by about 10% from $280 to $250, seemingly dragging other cryptos down with it after numerous Collateralized Debt Positions (CDP) were closed at MakerDAO’s DAI. As can. .
The number two cryptocurrency by market cap, Ethereum, just experienced a massive dump alongside many other major crypto assets, including Bitcoin and the rest of its altcoin brethren. Is the 2020 crypto rally finally finished, or is this just another opportunity to buy the dip across the crypto market before further upside in the days...
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Ethereum price surged more than 12% and broke many hurdles near $230 and $240 against the US Dollar. ETH is likely to continue higher towards the $300 handle in the near term. Ethereum declined below the $225 and $220 support levels against the US Dollar.
• Price of Ethereum is likely to encounter a price breakout. • The bulls remain dominant in the market. ETH/USD Medium-term Trend: Bullish • Distribution Zones : $240. 00, $250. 00, $260. 00 • Accumulation Zones: $110.
• The Cryptocurrency is in an uptrend. • The bulls remain in control of the market. ETH/USD Medium-term Trend: Bullish • Distribution Zones : $230. 00, $240. 00, $250. 00 • Accumulation Zones: $115.
Ethereum gains a strong bullish momentum above the $200 resistance against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards $250 in the near term. ETH price climbed higher significantly and settled above $200-$210 high against the US Dollar.
Ethereum price gained more than 10% and broke the key $200 resistance against the US Dollar. ETH even surpassed $220 today and it is likely to continue higher. Ethereum is trading in a strong uptrend above the $200 and $208 levels against the US Dollar.
Ethereum price rallied recently and surpassed the $200 barrier against the US Dollar. ETH is now trading nicely above $200, with many signs of more upsides. Ethereum climbed higher and settled above the main $200 barrier against the US Dollar.
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Ethereum price is currently consolidating losses above the key $175 support area against the US Dollar. Bitcoin price is struggling to hold the key $8,250 and $8,200 support levels. There is a key bearish trend line forming with resistance near $184 on the hourly chart of ETH/USD (data feed via Kraken).
French tobacconists are getting another chance to sell Bitcoin coupons after the scheme had to be suspended earlier this year. Local media has reported that the scheme will restart today, allowing 5,200 tobacconists to sell coupons that can be redeemed for Bitcoin.
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Crypto exchange Coinhako opens $250K minimum OTC desk - CryptoNinjas
Coinhako, a Singapore based bitcoin/cryptocurrency exchange and wallet company, announced today the launch of Coinhako OTC.
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Французский производитель аппаратных кошельков Ledger объявил, что его программное обеспечение для управления криптовалютой Ledger Live теперь поддерживает токены ERC-20, выпущенные на Ethereum.
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