Ethereum (ETH) has found itself caught within a firm uptrend over the past several days, which has allowed it to quickly near its next key resistance level at $140, with a break above the resistance that exists here potentially allowing it to climb significantly higher.
In spite of the bullishness of this rally, it is important to note that analysts are still explaining that ETH is in a corrective phase and may be on the cusp of incurring another massive drop that could send it as low as $80 in the near-term.
Ethereum Outperforms Bitcoin as It Fast Approaches Another Key Resistance Level
At the time of writing, Ethereum is trading up nearly 4% at its current price of $139, which marks a notable climb from its recent lows of $126 that were set last week when the aggregated crypto market incurred a sharp sell off.
Ethereum’s recent climb has been perpetuated by the momentum Bitcoin has found in the time since its drop to $6,800, and the aggregated crypto market is showing some signs of potentially forming a long-term bottom.
This recent bullishness has allowed ETH to climb towards where it was trading at in mid-December prior to its capitulatory sell-off that sent it as low as $120.
Livercoin, a popular analyst on Twitter, explained in a recent tweet that he believes that ETH may soon incur a massive sell-off that sends it reeling lower, as it is currently trading within a bearish technical pattern.
“Sure, this rally is pretty but I don’t see a reason to be HTF bullish on USD pairs just yet. On $ETH, price is forming a “corrective” consolidation and there is a big chance that we will dump again after filling the weekly price inefficiency. Stay safe bros,” he explained.
Sure, this rally is pretty but I don't see a reason to be HTF bullish on USD pairs just yet.
On $ETH, price is forming a "corrective" consolidation and there is a big chance that we will dump again after filling the weekly price inefficiency.
Stay safe bros pic.twitter.com/ZK7VBuO1HZ
— Livercoin (@livercoin) January 5, 2020
Where Will This Next Drop Lead ETH?
DonAlt, another popular crypto analyst on Twitter, explained in a recent tweet that he believes Ethereum is currently range bound within a massive trading range, with an upside target of $260, and a downside target around $80.
“$ETH Time to play the range,” he explained while pointing to the chart seen below.
$ETH
Time to play the range. pic.twitter.com/I5EFZpG6Tt
— DonAlt (@CryptoDonAlt) January 1, 2020
If the pattern discussed by Livercoin does prove to be valid, it is highly possible that ETH will soon find itself caught within a violent downtrend that causes it to form fresh multi-month lows.
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Ethereum’s MVRV and realized price hinted at early recovery, but $2,300 remains a strong resistance level
Whale interest has grown and yet, rising reserves and falling gas alluded to short-teThe post Ethereum's [ETH] short-term price targets - Is the $2,300 resistance too strong? appeared first on AMBCrypto.
Ethereum showed steady price action with strong support, whale activity, and cautious investor sentiment.
Whale accumulation suggests potential for a breakout, but resistance around $2,250 remaThe post Ethereum shows promise but faces THIS critical resistance zone - What's next? appeared first on AMBCrypto.
Ethereum’s price nears $3,721 resistance as exchange outflows and rising inflows highlight bullish investor confidence. Will ETH hit $4,000?
The post Ethereum Faces Final Resistance Before $4,000 Amid Increasing Accumulation appeared first on BeInCrypto.
Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier.
Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance. Ethereum started a fresh increase above the $3,120 resistance zone.
Ethereum price started a fresh upward move above the $2,335 resistance. ETH is now aiming for more upsides above the $2,420 resistance. Ethereum started another increase from the $2,280 resistance.
Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance.
Ethereum (ETH) has recently faced a significant hurdle as it attempted to break above the orange resistance box, which has now been confirmed as the range-high resistance for the new red-orange range spanning from $2,791 to $3,300.
Ethereum price started a decent increase above the $1,870 resistance against the US Dollar. ETH could attempt an upside break above the key $1,920 resistance. Ethereum is slowly attempting a recovery wave from the $1,840 support zone.
Ethereum price is moving higher above the $1,880 resistance against the US Dollar. ETH could surge toward $2,000 or $2,050 if it clears the $1,920 resistance. Ethereum is moving higher toward the $2,000 resistance.
Ethereum price is slowly moving higher above the $1,750 resistance against the US Dollar. ETH could rally if it clears the $1,800 resistance zone. Ethereum is slowly moving higher above the $1,750 and $1,760 levels.
Ethereum gained pace and cleared the $2,000 resistance against the US Dollar. ETH is consolidating and might rise further towards the $2,120 resistance. Ethereum extended its increase above the $1,920 resistance zone.
Ethereum struggled to clear the key $1,920 resistance against the US Dollar. ETH declined sharply and now testing the main $1,700 support zone. Ethereum failed to surpass the main $1,920 resistance zone.
Ethereum gained pace above the $3,500 resistance against the US Dollar. ETH price is consolidating and might eye more gains above the $3,550 resistance. Ethereum started a fresh increase after it cleared the $3,450 resistance.
Ethereum gained pace above the $2,700 resistance against the US Dollar. ETH price could extend gains if there is a clear move above the $2,800 resistance. Ethereum gained pace above the $2,650 and $2,750 resistance levels.
Ethereum gained bullish momentum above the $1,150 resistance against the US Dollar. ETH price broke the $1. 200 resistance, but it struggled to clear the $1,250 level. Ethereum started a steady increase above the $1,150 and $1,200 resistance levels.
Ethereum surged over 5% and it even spiked above the $400 resistance against the US Dollar. ETH price is struggling to clear the $400 resistance, but is remains well supported. Ethereum started a strong upward move above the $385 and $392 resistance levels.
Ethereum surged above the $370 resistance against the US Dollar. ETH price tested the $395 resistance and it is currently correcting lower towards the $380 support zone. Ethereum gained bullish momentum above the $370, $375 and $380 resistance levels.
Ethereum rallied more than 5% and it broke the key $370 resistance against the US Dollar. ETH price is struggling to clear the $390 resistance and it is currently correcting lower. Ethereum started a strong increase after forming a key double bottom pattern near $355.
The Ethereum Classic (ETC) price is currently making its third attempt at breaking out above a minor resistance level. Long-term indicators are bullish, suggesting that the price will eventually be successful in breaking out.
Like Bitcoin, Ethereum has flatlined over the past few months. For just around eight weeks now, the leading altcoin has traded in between $230 and $240, barely deviating from these two levels. Yet an analyst expects a massive breakout should ETH break above an extremely close resistance level.
Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250. Ethereum is slowly gaining bullish momentum above the $232 resistance The price tested the $235 resistance and trading well above the […]
Ethereum has been frontrunning the aggregated crypto markets over the past several days and weeks, with last week’s rise above ETH’s resistance at $200 offering investors a hint that Bitcoin would subsequently be able to break through its key resistance at $10,000.
After a long period of trading sideways within the mid-$180 region, Ethereum (ETH) has now begun to incur significant upwards momentum that has pushed it up to $190, which is where it faces some notable resistance that could ultimately push its price lower in the near-term.
Ethereum price is currently correcting losses after it traded as low as $$153 against the US Dollar. Bitcoin price is struggling to recover above the $7,500 and $7,600 resistance levels. This week’s followed bearish trend line is still active with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken).
On Saturday 19, the market lit up in green seeing the recent price stalemate broken off. A majority of coins begun surging with the crypto leader breaking past the $3,700 resistance level. This crucial break meant altcoins breaking through short-term resistance position.
ETH price faced a strong resistance near the $127 and $128 levels recently against the US Dollar. There is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD (data feed via Kraken).
ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $12 Support levels: $5, $3, $1. In the first week of January, the ETC/USD pair was in a sideways trend. The crypto’s price was fluctuating above the $5.
ETH/USD Long-term Trend: Bearish Resistance Levels: $350, $370, $390 Support Levels: $120, $100, $80 The price of Ethereum is currently in the bearish trend zone. The ETHUSD pair is trading above the $120 price level in the bearish trend zone.
Ethereum hugely outperformed from mid- December to early January but has since been underperforming other major cryptocurrencies. If we draw Fibonacci retracement levels from the December low to the January, the price seems to be finding support at key levels between points.
Constantinople has been delayed. Support moving forward: $115.96, $110.46, $102.55, $101.27, $100, $93, $84.03. Resistance moving forward: $134.67, $138.29,…
The post Ethereum Price Analysis: Can ETH Break Above $135 to Head Higher Or Will the Bears Push the Market Below $115? appeared first on Invest In Blockchain.
ETH/USD Medium-term Trend: Ranging Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Yesterday, January 17, the price of Ethereum was in a bearish trend zone. The crypto had been in the bearish trend zone since January 15, 2019.
ETH price is currently consolidating above the $116 and $117 support levels against the US Dollar. Yesterday’s highlighted key bearish trend line is active with resistance at $126 on the hourly chart of ETH/USD (data feed via Kraken).
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Yesterday, January 16, the price of Ethereum was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA, which indicates that the ETH price is likely to fall. Presently, the crypto’s price is trading […]
ETH price is currently struggling to settle above the $124-125 resistance area against the US Dollar. There is a new connecting bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD (data feed via Kraken).
EOS price declined recently after testing the $3. 00 resistance area against the US Dollar. The $2. 20 support holds the key for the next move versus USD and BTC. Key Talking Points EOS price is placed nicely above a major support at $2.
Bitcoin might be in for further declines as it hovers around the bottom of the descending channel on the 4-hour chart. A larger bounce could still take it up to the Fib levels nearby. However, the 100 SMA recently crossed below the longer-term 200 SMA to confirm that the path of least resistance is to […]
The post Bitcoin (BTC) Price Analysis: Can Sellers Gain More Momentum? appeared first on Ethereum World News.
Ripple price has formed a major support near 0. 0000900BTC against bitcoin. XRP is likely preparing for an upside break above 0. 0000920BTC and 0. 0000950BTC in the near term. Key Talking Points Ripple price is forming a crucial support base near the 0.
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Yesterday, January 15, the price of Ethereum was in a bearish trend zone. The bulls had taken price to the $134.
ETH/USD Medium-term Trend: Bullish Resistance Levels: $240, $250, $260 Support Levels: $120, $110, $100 Yesterday, January 14, the price of Ethereum was in a bullish trend zone. The crypto’s price fell to the low of $116.
ETH price rallied recently and recovered sharply above $121 and $126 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin recently broke below a short-term rising trend line to signal that a reversal might be underway. Price has found support at the $3,600 area, though, and a pullback is taking place. The 100 SMA is still below the longer-term 200 SMA on this 1-hour time frame, indicating that the path of least resistance is […]
The post Bitcoin (BTC) Price Analysis: Time for a Pullback… Again! appeared first on Ethereum World News.
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80 Last week, the price of Ethereum was in a bearish trend zone. The crypto was ranging above the $150 price level and it was assumed that if the bears broke the $150 price level, the crypto’s price would fall. On December […]
Key Highlights ETH price declined further and broke the $121 support area against the US Dollar. There are two bearish trend lines formed with resistance near $121 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin is starting to trend lower since last week’s selloff, creating a descending channel with its lower highs and lower lows on the 4-hour time frame. Price is down to the mid-channel area of interest after recently bouncing off the resistance.
“Bitcoin is Currency Of Resistance” Max Keiser has long been a Bitcoin (BTC) bull, finding first about the cryptocurrency during its earliest blocks, if you will. And since then, the American broadcaster has incorporated his love for this nascent asset class onto his and his wife’s show hosted on RT, which has been fittingly named the “Keiser […]
The post Max Keiser: Bitcoin (BTC) Is The Currency Of Global Revolution appeared first on Ethereum World News.
ETH price declined heavily this past week below the $146 and $130 supports against the US Dollar. There is a crucial bearish trend line formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken).
ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $12 Support levels: $5, $3, $1. The ETC/USD pair had been in a bullish trend since the beginning of January 2019. On January 1, the crypto’s opening balance had risen to the high of $5.
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The cryptocurrency market managed to extend its gains on Wednesday, with Bitcoin (BTC) holding above $87,000. Solana (SOL) and XRP also showed some recovery. Reports that the White House is considering a more moderate stance on tariffs have eased concerns over potential economic disruptions, providing support to the market’s upward momentum. The global cryptocurrency market […]
Terra Luna Classic price has bounced back slightly after crashing to a key support level this month. After hitting the key support at $0. 00005650 on March 11, the token has risen to $0. 000065 as the burn rate has remained high.
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