Ethereum Price Weekly Analysis: ETH Facing Strong Resistance Near $140

2018-12-30 07:08

Key Highlights

ETH price started a major upward move after forming a low at $112.80 against the US Dollar. There was a break above a major bearish trend line with resistance at $122 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is now placed in a positive zone, but it is struggling to clear the $142 resistance area.

Ethereum price moved back higher versus the US Dollar and Bitcoin. ETH/USD must surpass the $142 resistance to continue higher in the near term.

Ethereum Price Analysis

This past week, ETH price declined below the $130 and $120 support levels against the US Dollar. The ETH/USD pair traded as low as $112.80 and later formed a solid support. It seems like the $112 area and the 100 simple moving average (4-hours) provided support. Later, the price started a strong upside move and traded above the $125 and $134 resistance levels.

There was a break above the 50% Fib retracement level of the recent decline from the $152 swing high to $112 swing low. Moreover, there was a break above a major bearish trend line with resistance at $122 on the 4-hours chart of ETH/USD. The pair also cleared the $138 resistance, but it struggled to clear the $142 resistance. Besides, the 76.4% Fib retracement level of the recent decline from the $152 swing high to $112 swing low also acted as a resistance. The price is currently trading in a range near the $130 level and it may make the next move soon.

The above chart indicates that ETH price could dip a few points towards the $128 or $122 level before the next upside move. A break above the $142 and $144 resistance levels may clear the path for more gains. The next resistance is at $152 followed by $155.

4-hours MACD – The MACD is slightly placed in the bullish zone.

4-hours RSI – The RSI is placed just above the 50 level.

Major Support Level – $128

Major Resistance Level – $142

The post Ethereum Price Weekly Analysis: ETH Facing Strong Resistance Near $140 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2438.12 (+0.42%)
Объем 24H $18.044b
Изменеия 24h: -1.02 %, 7d: -6.80 %
Cегодня L: $2366.56 - H: $2441.78
Капитализация $293.591b Rank 2
Цена в час новости $ 137.21 (1676.93%)

eth resistance price major 140 near analysis

Источник: newsbtc.com

eth resistance → Результатов: 126


Фото:

Demand for Ethereum Boosts Market Structure; Will This Propel ETH Higher?

Although Bitcoin’s reaction to $11,000 sparked a slightly harsh rejection, Ethereum’s price has remained rather stable around its $380 resistance level This resistance has held strong on multiple occasions throughout the past few days and weeks, with rejections here catalyzing some of ETH’s largest declines The importance of this level cannot be understated, but whether or not it is broken may depend largely on Bitcoin’s continued reaction to $11,000 Analysts are noting that ETH does […]

2020-9-18 23:00


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.