Ethereum jumped back above $260 and $270 against the US Dollar. ETH price is now consolidating above $275 and it could soon surpass the $288 resistance area.
Ethereum is back in a positive zone, with a strong bullish bias above $275 against the US Dollar.
The price is likely to accelerate gains towards the $300 level in the near term.
There is a short term contracting triangle forming with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is up around 4% and it is now trading nicely above the $10,000 resistance area.
Ethereum Price Could Soon Test $300
Since the start of the month, we discussed the chances of Ethereum hitting the $300 level against the US Dollar. Recently, ETH price corrected sharply towards the $230 support and broke the 100 hourly simple moving average.
However, it remained well bid above $230 and started a strong rise. It is back above the $260 and $270 resistance levels. Moreover, it surpassed the $280 resistance and settled above the 100 hourly simple moving average.
It even spiked above $285, but failed to revisit the $288 resistance area. A swing high is formed near $286 and the price is currently consolidating gains. There was a break below the 23.6% Fib retracement level of the recent rise from the $259 low to $286 high.
More importantly, there is a short term contracting triangle forming with resistance near $284 on the hourly chart of ETH/USD. If Ethereum clears the triangle resistance, there are high chances of more gains above the $288 resistance area.
Ethereum Price
In the mentioned case, the price is likely to continue higher towards the $295 and $300 levels. Any further gains could lead the price towards the $308 level.
Dips Remain Attractive
If the price fails to continue above the $288 resistance, it may perhaps correct a few points. However, Ethereum is likely to remain well bid above the $275 and $270 levels.
An intermediate support is near the 50% Fib retracement level of the recent rise from the $259 low to $286 high. The main support on the downside is near the $266 level and the 100 hourly SMA, below which the bulls are likely to struggle in the near term.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving into the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently rising and it is well above the 60 level.
Major Support Level – $272
Major Resistance Level – $288 origin »
Ethereum price remained below the $3,500 resistance while Bitcoin rallied. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,450 and corrected gains.
Ethereum price extended its increase above the $3,650 zone. ETH is consolidating and aims for a fresh increase above the $3,750 resistance. Ethereum started a decent recovery wave above the $3,700 zone.
You know it’s a fine day when Ethereum turns green. With 6. 9% gains in the last week, $ETH is consolidating and looking to test the $3. 7K resistance point. If it breaks above $3. 8K, we could see a move above $4K soon.
Ethereum price failed to settle above the $4,000 zone. ETH is correcting gains and might struggle to stay above the $3,820 support zone. Ethereum started a downside correction from the $4,100 zone.
Ethereum price started a decent increase above the $3,750 zone. ETH is consolidating gains and might aim for a move above the $3,980 resistance zone. Ethereum started a decent increase above $3,750 and $3,800.
Ethereum price started a fresh increase above the $3,400 zone. ETH is consolidating and might aim for a move above the $3,500 resistance. Ethereum started a fresh increase above the $3,320 and $3,400 levels.
Ethereum price started a fresh increase above the $3,320 zone. ETH is rising and aiming for more gains above the $3,500 resistance. Ethereum started a fresh increase above the $3,300 and $3,320 levels.
Ethereum has jumped by more than 7% in the past 24 hours to break above $3,350. The top altcoin’s price gains come after Bitcoin spiked to its highest-ever mark above $98k on Thursday morning. While ETH has failed to master a significant rally in the wake of Bitcoin’s surge in the past month, the market’s […]
Ethereum price started a fresh increase above the $3,000 resistance. ETH is up over 10% and now approaches the key barrier at $3,250. Ethereum started a fresh surge above the $2,880 resistance zone.
Ethereum (ETH) has surged above $2,500, now testing a critical supply level that could spark a massive rally for both ETH and altcoins. After several days of anxiety and uncertainty, yesterday’s market surge has reignited optimism across the crypto space.
Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520. Ethereum started a steady increase above the $2,420 and $2,450 resistance levels.
Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance. Ethereum started a decent increase above the $2,350 and $2,420 levels.
Ethereum, the second-largest cryptocurrency by market capitalization, has yet to reclaim the $3,000 price level since early August. Since the beginning of September, Ethereum has mostly traded below $2,600, but this week brought a glimmer of hope for investors as it finally managed to break above the $2,600 threshold.
Ethereum price is consolidating above the $2,700 resistance. ETH could gain bullish momentum if it clears the $2,785 resistance zone. Ethereum is struggling to gain pace for a move above the $2,800 level.
Ethereum price started a steady increase above the $2,550 resistance. ETH is beating Bitcoin and might even clear the $2,750 resistance zone. Ethereum started a fresh increase above the $2,550 and $2,650 levels.
Ethereum price failed to continue higher above the $3,500 resistance zone. ETH corrected gains and is now trading in a range above the $3,400 level. Ethereum is consolidating below the $3,500 resistance zone.
Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels. Ethereum slowly moved higher above the $3,420 zone.
Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320. Ethereum is struggling to gain pace for a move above the $3,420 zone.
Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels. Ethereum is holding gains above the $3,800 level.
Ethereum price extended its recovery wave above the $3,120 zone. ETH failed to surpass the $3,220 resistance and is currently trimming gains. Ethereum climbed further above the $3,150 and $3,200 levels before the bears appeared.
Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level. Ethereum extended its increase above the $3,150 resistance zone.
Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum is gaining pace above the $3,500 support zone.
Ethereum price cleared the $4,000 resistance zone. ETH is now consolidating gains and might extend its increase above the $4,100 zone. Ethereum traded to a new multi-month high above $4,050. The price is trading above $4,000 and the 100-hourly Simple Moving Average.
ETH briefly exchanged hands above $4000 on the 8th of March.
The past two weeks have seen a spike in validator exits.
Leading altcoin Ethereum [ETH] faces a potential short-term pullback aThe post Why Ethereum's rally above $4K may not be good news for you appeared first on AMBCrypto.
Ethereum price is gaining pace above the $2,800 support. ETH eyes more gains and might surge toward the $3,000 resistance zone. Ethereum is consolidating gains above the $2,820 support zone. The price is trading above $2,850 and the 100-hourly Simple Moving Average.
Ethereum price corrected lower below $2,050. ETH is now consolidating above the $2,020 support and might start a fresh increase in the near term. Ethereum is still struggling to climb above the $2,075 and $2,080 resistance levels.
Ethereum price started a fresh increase above the $1,950 resistance. ETH is consolidating and might aim for a move above the $2,070 resistance. Ethereum remained stable and started a fresh increase above the $1,950 level.
Ethereum price is struggling to gain strength above $2,100. ETH is consolidating above $2,000 and might start a fresh surge if it clears $2,100. Ethereum is showing positive signs above the $2,000 support zone.
Ethereum price rallied steadily and surpassed the $2,000 resistance. ETH is consolidating above $2,000 and might start a fresh increase toward $2,120. Ethereum rallied above the $2,000 and $2,050 levels before it corrected lower.
Ethereum price is moving higher above the $1,900 resistance against the US dollar. ETH could accelerate higher toward $2,000 or even $2,120 in the coming sessions. Ethereum is showing positive signs above the $1,900 level.
Ethereum price is consolidating gains below the $1,850 resistance against the US dollar. ETH must stay above the $1,750 support to start a fresh increase. Ethereum is still struggling to gain pace for a move above $1,850.
Ethereum price is moving lower toward the $1,500 support against the US dollar. ETH could correct higher, but upsides might be limited above $1,565. Ethereum is struggling to start a recovery above $1,550.
Ethereum price is still struggling to gain pace above $1,670 and $1,680 against the US Dollar. ETH must stay above $1,620 to start another increase. Ethereum struggled to clear the $1,660 resistance.
Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term. Ethereum is slowly moving higher above the $1,620 support zone.
Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH must stay above $1,600 to start a fresh increase in the near term. Ethereum is slowly moving higher from the $1,620 support zone.
Ethereum price is attempting a recovery wave above $1,620 against the US Dollar. ETH must settle above $1,650 to start a decent increase. Ethereum is slowly moving higher from the $1,600 support zone.
Ethereum price is trading above the $1,875 support zone against the US Dollar. ETH could start a decent increase if it clears the $1,915 resistance zone. Ethereum is consolidating above the $1,875 level.
Ethereum price is attempting a fresh increase from $1,825 against the US Dollar. ETH could rally if there is a clear move above the $1,900 resistance. Ethereum is currently attempting a recovery wave above the $1,855 zone.
Ethereum price is gaining pace above $1,920 against the US Dollar. ETH could gain bullish momentum and might soon clear the $2,000 resistance. Ethereum is attempting a fresh increase above the $1,920 zone.
Ethereum price is showing positive signs above $1,770 against the US Dollar. ETH could gain bullish momentum if it clears the $1,820 resistance zone. Ethereum is moving higher above the $1,750 and $1,770 resistance levels.
Ethereum price is showing positive signs above $1,700 against the US Dollar. ETH could gain bullish momentum if it clears the $1,750 resistance zone. Ethereum is slowly moving higher above the $1,700 and $1,720 resistance levels.
Ethereum price recovered losses and traded above $1,860 against the US Dollar. ETH must clear $1,920 to start a strong increase in the near term. Ethereum is showing positive signs above the $1,860 level.
Ethereum price extended its increase above the $2,000 resistance against the US Dollar. ETH is slowly moving lower and might decline if it breaks the $2,075 support. Ethereum started a strong increase above the $2,000 and $2,050 resistance levels.
Ethereum price started a fresh rally above the $2,000 resistance against the US Dollar. ETH is up over 10% and might rise further toward $2,200. Ethereum started a strong increase above the $2,000 and $2,080 resistance levels.
Ethereum price rallied above the $1,900 resistance against the US Dollar. ETH is correcting gains and trading near key support at $1,880. Ethereum jumped above $1,900 and tested the $1,925 resistance zone.
Ethereum price started a fresh increase above the $1,800 resistance against the US Dollar. ETH is showing positive signs and might rally towards $2,000. Ethereum remained strong above the $1,700 zone and recovered losses.
Ethereum price is still holding gains above $1,750 against the US Dollar. ETH could start a major rally if there is a close above the $1,850 resistance zone. Ethereum is slowly moving higher towards the $1,840 resistance zone.
Ethereum price is attempting an upside correction above $1,500 against the US Dollar. ETH could start another decline if there is no increase above $1,600. Ethereum is slowly moving higher above the $1,500 resistance.
Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level. Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels.
Ethereum climbed higher above the $1,350 resistance zone against the US Dollar. ETH tested the $1,420 zone and is currently consolidating gains. Ethereum started a steady increase above the $1,320 and $1,350 resistance levels.
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