Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers

2019-1-22 07:08

ETH price declined recently below $120 and tested the key $112 support area against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating below the $118 and $120 resistance, with a few positive moves.

Ethereum price is placed in a bearish zone against the US Dollar and bitcoin. ETH/USD must break the $118 and $120 resistances to start a short term upside correction.

Ethereum Price Analysis

Yesterday, we saw a nasty decline in ETH price from the $125 swing high against the US Dollar. The ETH/USD pair broke the $122, $120, $118 and $115 support levels to move into a bearish zone. It tested the $112 support area where buyers emerged. Later, the price started consolidating losses and corrected a few points above the $114 level. It traded above the 23.6% Fib retracement level of the last slide from the $123 swing high to $112 swing low.

However, there are many hurdles on the upside near the $118 level. The price made a couple of attempts to surpass the $117-118 zone, but buyers failed to gain momentum. Besides, the 50% Fib retracement level of the last slide from the $123 swing high to $112 swing low is also near $118. More importantly, yesterday’s highlighted important bearish trend line is intact with resistance at $118 on the hourly chart of ETH/USD. Finally, the 100 hourly simple moving average is positioned near the $120 level. Therefore, both $118 and $120 levels are crucial barriers for buyers in the short term.

Looking at the chart, ETH price may continue to trade in a range above $112 before the next move. If buyers push the price above the $118 and $120 resistance, there could be a recovery towards $125. If not, the price could retest the $112 or $110 level.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is slightly placed in the bullish zone, with a flat structure.

Hourly RSI – The RSI for ETH/USD is currently moving higher towards the 50 and 55 levels.

Major Support Level – $113

Major Resistance Level – $120

The post Ethereum Price Analysis: ETH Consolidating Below Crucial Barriers appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2435.31 (+0.54%)
Объем 24H $18.068b
Изменеия 24h: -1.15 %, 7d: -6.97 %
Cегодня L: $2366.56 - H: $2441.78
Капитализация $293.253b Rank 2
Цена в час новости $ 117.66 (1969.79%)

eth below price consolidating resistance ethereum 120

Источник: newsbtc.com

eth below → Результатов: 126


Фото:

Ethereum Price Watch: Currency Makes Impressive Recovery, Stabilizes Around the $220 Mark

After experiencing a barrage of bearish pressure over the past few days, Ether has once again garnered fresh market support and crossed the $215 threshold. As can be observed from the chart below, the premier digital asset started its upward ascent early today morning, with the price of a single ETH token scaling all the […] The post Ethereum Price Watch: Currency Makes Impressive Recovery, Stabilizes Around the $220 Mark appeared first on NullTX.

2018-10-15 14:15


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.