Ethereum remained well bid above the $240 support area against the US Dollar. ETH price started a fresh increase and it could soon revisit the $288-$289 resistance zone.
Ethereum is recovering losses and it recently climbed above the $265 resistance against the US Dollar.
The price is gaining pace and it could rise further above $270 and $275.
Yesterday’s highlighted key bearish trend line was breached with resistance near $262 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is slowly recovering and it could test the $9,800 and $10,000 resistance levels.
Ethereum Price Rising Again
Recently, we saw a strong downside correction in Ethereum below the $260 support against the US Dollar. ETH price even declined below the $250 support and the 100 hourly simple moving average.
Finally, it traded close to the $235 support area and a swing low was formed near $236. A support base is formed above $240 and the price is currently rising. It broke a few key hurdles near the $250 and $255 levels.
More importantly, yesterday’s highlighted key bearish trend line was breached with resistance near $262 on the hourly chart of ETH/USD. The pair gained traction above the 50% Fib retracement level of the downside correction from the $289 high to $236 low.
Ethereum Price
Additionally, the price settled above the $260 level and the 100 hourly simple moving average. Ethereum is now consolidating near the 61.8% Fib retracement level of the downside correction from the $289 high to $236 low.
It seems like the bulls are preparing for a push above the $272 and $275 resistance levels. In the mentioned case, the price is likely to rise strongly towards the $280 and $285 levels.
The main hurdle on the upside is near the $288-$289 area, above which there are chances of a strong rise towards the $300 and $305 levels in the near term.
Dips Remain Supported
If the price fails to continue above the $275 resistance, it could correct a few points. An initial support is near the $264 level and the 100 hourly SMA.
Therefore, if Ethereum fails to stay above the 100 hourly SMA, the bulls are likely to struggle to protect the $260 support. In the mentioned case, the price may perhaps correct towards the $255 support area.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now back in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently rising and it is well above the 50 level.
Major Support Level – $262
Major Resistance Level – $275 origin »
The key support level for Ethereum was at $3K zone and the key resistance wall was at $3. 7K.
Binance whales continue to put selling pressure on ETH as the price found a local bottom.
AnalysiThe post Ethereum faces resistance at $3.
Indicators showed Ethereum maintained its longer-term uptrend
The struggle to break the $4k resistance could continue for more days
Ethereum [ETH] was forced to fall by 5.7% in the past 40 hThe post Ethereum: Here's why ETH bulls are struggling at $4K resistance appeared first on AMBCrypto.
ETH resistance level at $3,920 could be critical for a milestone breakout.
The king altcoin whale activity and high inflows signal bullish momentum.
Ethereum [ETH] is consolidating within a The post Ethereum faces THIS resistance again: Will sixth time be the charm? appeared first on AMBCrypto.
Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance. Ethereum started a fresh decline from the $2,550 resistance zone.
Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone. Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels.
Ethereum price started a fresh increase above the $2,550 resistance. ETH is gaining pace and might soon clear the $2,650 resistance. Ethereum started a fresh increase above the $2,520 and $2,550 resistance levels.
Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels.
Ethereum regained a bullish structure but the downtrend was still in play.
The former support zone at $2.9k could be the next price target.
Ethereum [ETH] has not been able to match the perfThe post Ethereum: Liquidation levels indicate move toward $2.8k resistance appeared first on AMBCrypto.
Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance. Ethereum started another decline from the $2,385 resistance.
Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone. Ethereum is struggling to gain pace for a move above the $2,650 level.
Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone.
Ethereum price is struggling to clear the $3,840 resistance zone. ETH could gain bullish momentum if it clears the $3,840 and $3,880 resistance levels. Ethereum is holding gains above the $3,720 level.
Ethereum price is correcting gains from the $3,220 resistance. ETH could start a fresh increase if it clears the $3,055 and $3,080 resistance levels. Ethereum started a fresh decline after it faced resistance near $3,220.
After witnessing a two-week bounce from the monthly low, Ethereum ETH encountered resistance yesterday and initiated a drop. Losing grip above $3,200, the price is currently down 4%, looking weak on the day.
Ethereum price is gaining pace above the $2,200 resistance. ETH is up over 8% and might continue to rise toward the $2,500 resistance in the coming days. Ethereum is gaining pace and recently surpassed the $2,250 resistance.
Ethereum price popped above the $1,850 resistance against the US dollar. ETH is showing positive signs and might soon climb toward the $2,000 resistance. Ethereum is slowly moving higher above the $1,850 resistance zone.
Ethereum price is struggling to settle above the $1,920 resistance against the US Dollar. ETH is still at risk of a drop toward the $1,790 support. Ethereum is still facing a major hurdle near the $1,920 resistance.
Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could correct lower if it breaks the $1,865 support zone. Ethereum is currently correcting lower from the $1,920 resistance.
Ethereum price is moving lower from the $1,780 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,720 support. Ethereum is struggling to clear the $1,780 and $1,800 resistance levels.
Ethereum price climbed above the $1,840 resistance against the US Dollar. ETH is showing positive signs and might aim a move toward the $1,920 resistance. Ethereum is currently gaining pace above the $1,840 resistance zone.
Ethereum price is struggling below the $1,840 resistance against the US Dollar. ETH could face bearish moves if there is a break below the $1,800 support. Ethereum is currently facing a strong barrier near the $1,850 resistance zone.
A new report by Bank of America suggests that Ethereum needs to scale to keep developers.
The post The Future of Ethereum Is Compromised: Scalability and Censorship Resistance Issues Loom Large appeared first on BeInCrypto.
Ethereum price moving higher above the $1,640 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to gain bullish momentum. Ethereum is rising and trading near the $1,660 resistance zone.
Ethereum price is still struggling to clear the $1,660 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to start a fresh increase in the near term. Ethereum is correcting lower from the $1,660 resistance zone.
Ethereum continued to remain upward despite rejecting a key monthly resistance. The price has failed to drop and now appears to be gearing up for another increase. After surging through many resistance levels in the past month, Ethereum underwent a small correction and bounced back to mark a new level at $1,715. A sharp sell […]
Ethereum is up over 5% and trading above $1,650 against the US Dollar. ETH could rise further if it clears the $1,700 resistance zone. Ethereum gained pace and rallied above the $1,660 resistance zone.
Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone. Ethereum is slowly moving higher above the $1,600 and $1,620 levels.
Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH could remains supported and might rise from the $1,500 support. Ethereum is correcting gains from the $1,600 and $1,580 resistance levels.
Ethereum climbed higher and surpassed the $1,300 resistance zone against the US Dollar. ETH is consolidating gains and might aim more upsides towards the $1,400 resistance. Ethereum was able to gain pace for a move above the $1,275 and $1,280 resistance levels.
Ethereum climbed higher and tested the $1,275 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh move above the $1,300 resistance. Ethereum struggled to climb higher above the $1,275 and $1,280 resistance levels.
Ethereum was able to clear the $1,240 resistance zone against the US Dollar. ETH is showing positive signs and there might be a move above the $1,300 resistance. Ethereum is moving higher above the $1,220 and $1,240 resistance levels.
Ethereum gained pace and cleared the $1,800 resistance against the US Dollar. ETH is rising and might continue to rise towards the $2,000 resistance zone. Ethereum remained well bid above the $1,800 support and climbed further higher.
Ethereum is slowly moving higher above the $1,120 zone against the US Dollar. ETH could rally if there is a clear move above the $1,165 resistance level. Ethereum is facing resistance near the $1,165 and $1,190 levels.
Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is correcting lower, but dips might be limited below the $1,900 zone. Ethereum started a downside correction from the $2,000 resistance zone.
Ethereum gained over 5% and broke the $3,250 resistance against the US Dollar. ETH price is rising and could accelerate higher above $3,350. Ethereum started a strong increase above the $3,150 resistance.
Ethereum struggling to clear the $3,400 resistance against the US Dollar. ETH price is holding the $3,250 support, but there is a risk of more downsides. Ethereum started a downside correction from the $3,400 resistance zone.
Ethereum was able to clear the $3,800 resistance zone against the US Dollar. However, ETH price failed to gain strength above $3,900 and it is now consolidating gains. Ethereum started a fresh increase above the $3,750 and $3,800 resistance levels.
Ethereum corrected lower below $3,500 against the US Dollar. ETH price remained supported and it is now eyeing a key upside break above the $3,650 resistance. Ethereum started a fresh increase above the $3,500 resistance level.
Ethereum gained traction and broke the $3,400 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surpass the $3,500 level. Ethereum started a decent increase above the $3,350 and $3,400 resistance levels.
Ethereum started a strong rally above the $3,000 resistance against the US Dollar. ETH price is now correcting gains, but it is likely to find bids near $2,840. Ethereum gained pace after it broke the key $2,840 resistance zone.
Ethereum is up over 5% and it broke the $2,400 resistance against the US Dollar. ETH price outpaced bitcoin and it seems like there are chances of more gains above $2,450. Ethereum started a fresh increase and it managed to surpass the $2,320 resistance zone.
Ethereum extended its increase above the $1,750 and $1,800 resistance levels against the US Dollar. ETH price is showing positive signs and it is likely to revisit the $2,000 resistance zone. Ethereum is gaining bullish momentum above the $1,700 and $1,800 resistance levels.
Ethereum is up over 10% and it broke the $1,250 resistance against the US Dollar. ETH price is trading above $1,300 and it is likely to accelerate further higher in the near term. Ethereum is gaining momentum above the $1,250 and $1,280 resistance levels.
Ethereum declined almost 30% and tested the $900 support zone against the US Dollar. ETH price is currently rising, but it is facing a strong resistance near $1,130. Ethereum started a strong decline from well above $1,200 and traded close to $900.
Ethereum started a strong surge above $600 and $620 against the US Dollar. ETH price tested the $650 resistance zone and it is currently correcting gains. Ethereum gained bullish momentum after it broke the $600 resistance level.
Ethereum is slowly rising and trading above the $460 resistance against the US Dollar. ETH price is likely to rally towards $495 or $500 if it clears the $470 resistance zone. Ethereum is showing positive signs above the $450 and $455 support levels.
Bitcoin was the center of attention for a couple of days earlier this week as it rallied to $15,955, having cleared the strong resistance from 2019. Following the benchmark crypto’s rally, experts are now looking at ethereum and other altcoins.
Ethereum started a strong recovery wave above the $350 resistance against the US Dollar. ETH price is up over 10%, but it must still break the $370 resistance for upside continuation. Ethereum gaining traction above the $340 and $350 resistance levels.
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