ETH price is gaining bullish momentum above the $132 resistance against the US Dollar.
The price is trading above $135 and it recently traded to a new 2020 high.
There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to accelerate gains above the $140 and $142 resistance levels.
Ethereum is surging above key hurdles against the US Dollar, similar to bitcoin. ETH price seems to be aiming a clear break towards the $145 and $150 resistances.
Ethereum Price Going To $145
This past week, Ethereum extended its decline to test the $125 support against the US Dollar. A strong support base formed near $125, resulting in a steady rise above the $128 resistance.
Additionally, the price surpassed the 50% Fib retracement level of the key decline from the $138 high to $125 low. It opened the doors for more gains above $130 and the 100 simple moving average (4-hours).
More importantly, there was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD. The pair is now trading nicely above the $132 and $135 resistance levels.
Besides, Ethereum climbed above the 76.4% Fib retracement level of the key decline from the $138 high to $125 low. Therefore, there are high chances of an upside continuation above the last swing high at $138.
An immediate resistance is near the $140 level. It represents the 1.236 Fib extension level of the key decline from the $138 high to $125 low.
However, the current momentum seems to be very positive, suggesting a clear follow through above the $142 resistance towards $145. Any further gains could lead the price towards the $150 and $155 resistance levels.
What Could Cause Decline in ETH?
On the other hand, if Ethereum price fails to surpass the $138 swing high, it could correct lower. The first key support is near the $132 level and the 100 simple moving average (4-hours).
If the price fails to stay above the 100 SMA, it may perhaps continue to move down towards the $128 support level in the near term. The main supports are still near $125 and $122.
Ethereum Price
The above chart indicates that Ethereum price is trading in a positive bias, with high chances of more gains towards the $142 and $145 resistance levels.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is gaining strength in the bullish zone.
4 hours RSI – The RSI for ETH/USD is currently well above the 60 level.
Major Support Level – $125
Major Resistance Level – $138 The post appeared first on NewsBTC. origin »
On Oct 20, Bitcoin (BTC) created a bullish engulfing candlestick and proceeded to move above an important resistance area. A daily close above the $12,050 area would be a significant bullish sign, while a weekly close above the current level would be an even more considerable signal for continuation to new 2020 highs.
Much to the chagrin of investors and bulls alike, Bitcoin (BTC) was unable to hold above the key support that had been established within the lower-$7,000 region, as it posted a swift break below this support during a sharp selloff that occurred earlier this morning.
Bitcoin Cash has a bullish short-term and bearish medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is forming The daily time frame shows that the cryptocurrency may start to target the $280 level Bitcoin Cash is showing bullish bias as the fifth-largest cryptocurrency continues to firm above […]
The post Bitcoin Cash Turning Bullish, Holds Above $200 appeared first on Crypto Briefing.
The Ethereum price has reached a significant support area. In order for the price to confirm its bottom, a breakout above the descending channel would be necessary. The Ethereum price has decreased by 62 percent since June 26.
The Bitcoin price is possibly trading inside of a descending triangle. The short-term outlook is bearish, while the medium- and long-term ones are neutral and bullish, respectively. Bitcoin Price Highlights The Bitcoin price has yet to reach a weekly close above resistance.
Bitcoin price rallied recently above $7,300 before it ran into $7,500 against the US Dollar. The price is showing positive signs it seems like the bulls aim another test of $7,500. There is a major bullish trend line forming with support near $7,325 on the hourly chart of the BTC/USD pair (data feed from Kraken).... The post appeared first on NewsBTC.
The total crypto market cap is slowly rising and it is now above the $185. 0B support. Bitcoin price rallied recently, but it failed to climb above the $7,500 resistance. Binance coin (BNB) price is up more than 5% and it broke the $14.
Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.
Other than the bullish movement earlier this year, where ETH reached its 2019 high at around $360, the coin spent most of the year under the $220 mark. The recent Ethereum Istanbul upgrade also didnThe post Ethereum could rise back above $240 by mid-January appeared first on AMBCrypto.
Bitcoin's daily close yesterday confirmed that there will not be any more upside, at least, nothing above $7,600. Moreover, the indicators that exhibited bullish trends have slowed down; they are on tThe post Bitcoin's rejection at key levels confirms drop to $7,200-$7,000 levels appeared first on AMBCrypto.
The Bitcoin price is in the process of reclaiming the previous breakdown level of $7600. A weekly close above it would act as confirmation that the current trend is bullish. On December 17 and 18, the Bitcoin price broke down below a significant support area and reached a low of $6400, causing many people to […]
The post Bitcoin Price Movement Splits Bullish and Bearish Analysts [Premium Analysis] appeared first on BeInCrypto.
Ripple price is slowly rising and it is now trading above $0. 1950 against the US dollar. The price seems to be lacking bullish momentum above the $0. 1980 and $0. 2000. There is a key bullish trend line forming with support near $0.
There was a nice upward move in bitcoin price from the $6,435 low against the US Dollar. The price is now trading nicely above the $7,000 and $6,960 support levels. There is likely a bullish continuation pattern forming resistance near $7,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Ethereum is correcting lower from $135 and it is trading above $125 against the US Dollar. The price is likely to remain in a positive zone as long as it is above $120. There is a breakout pattern forming with resistance near $128 on the hourly chart of ETH/USD (data feed via Kraken).
The total crypto market cap is up more than $20. 0B and it climbed back above $185. 0B. Bitcoin price is up more than 10% and it broke the key $7,000 resistance area. Litecoin (LTC) price is gaining traction and it is back above the $40.
Last week, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.
Stratis has been trading in a range since August 2019. This movement has the characteristics of the consolidation phase, after which a new bullish market cycle is expected to begin. The trading range of this consolidation has a magnitude of 40%, and the price has tested both the resistance and support areas several times.
The Bitcoin price has found support above $7100 and might initiate an upward move towards the range high. The long-term outlook, however, remains bearish. The Bitcoin price has been gradually decreasing since reaching a high of $7750 on December 9.
Bitcoin price is trading with a positive bias above the $7,380 and $7,420 support levels. BTC to USD is likely to climb above the $7,640 and $7,780 resistance levels. Key Takeaways: BTC/USD Bitcoin price is showing a lot of positive signs above the $7,420 and $7,380 supports against the US Dollar. BTC/USD is trading above […]
Bitcoin price is showing positive signs above the $7,400 resistance area against the US Dollar. The price is likely to clear the $7,560 and $7,600 resistances to continue higher. There is a major bullish trend line forming with support near $7,490 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ripple price is gaining momentum and it is rising above $0. 2250 against the US dollar. The price is likely to continue higher above the $0. 2320 and $0. 2350 resistance levels. There is a key bullish trend line forming with support near $0.
Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar. The price is likely to rally significantly once there is a clear break above $152. There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is trading nicely above the $7,260 support area. BTC to USD seems to be setting up for a strong rally above the $7,460 and $7,500 resistance levels. Key Takeaways: BTC/USD Bitcoin price is trading with a positive bias above the $7,260 support area against the US Dollar. BTC/USD is trading below the $7,430 […]
Ripple price is trading nicely above the $0. 2180 pivot area against the US dollar. The price is likely to slowly rise towards the $0. 2265 and $0. 2300 resistance levels. There is a major bullish trend line forming with support near $0.
Ethereum rallied sharply above the $150 resistance, but failed near $152 against the US Dollar. The price is trimming gains and it is back to pre-rally levels near the $144 support. There is a short term bullish trend line forming with support near $145 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple's XRP had quite a forgetful year in terms of its market value where the largest altcoin failed to break above the psychological barrier of $0.30 throughout 2019. Even when the rest of the market made double digital gains on more than one occasion, XRP failed to ride on the bullish wave. However, despite the […]
After a consolidation phase, bitcoin cash price started an upside correction above the $200. 00 resistance area. BCH to USD is now trading nicely above $220. 00 and likely setting up for a strong rally.
Since November 25, the Bitcoin price has increased by slightly more than 13 percent. After trading in a range for a couple of days, it initiated a breakout and moved above its previous trading range.
Bitcoin price is currently correcting gains from the $7,682 swing high. BTC to USD remains supported on the downside near the $7,345 and $7,270 levels. Key Takeaways: BTC/USD Bitcoin price is trading in a positive zone above the $7,345 pivot area against the US Dollar.
Ripple price is trading nicely above the $0. 2200 and $0. 2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0. 2300 resistance area. There is a new connecting bullish trend line forming with support near $0.
Ethereum is showing positive signs above the $150 and $152 resistance levels against the US Dollar. The price is currently trading near the $155 resistance and it could rise further. There is a short term bullish flag forming with resistance near $155 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price is currently correcting from the monthly low of $0.2003. XRP to USD is now trading above $0.2150 and it is facing a lot of strong hurdles near $0.2250 and $0.2350. Key Takeaways: XRP/USD Ripple price is trading with a short term bullish bias above the $0.2150 level against the US Dollar. XRP/USD climbed […]
Bitcoin is currently trimming gains after struggling to clear the $7,400 barrier against the US Dollar. The price is likely to stay above the $7,000 and $6,950 support levels in the near term. There is likely a bullish flag forming with resistance near $7,170 on the hourly chart of the BTC/USD pair (data feed from.
Since hitting 2019 ATH, we have been constantly on a decline and on November 22, we hit six months low at $6,785. During this bloodbath, the world’s leading cryptocurrency lost more than 21% of its value and sent the altcoins in free fall.
The cryptocurrency market is slowly turning green after seeing the bloodbath for the last two days. As Bitcoin hovers above $7,000, a few altcoins have started rising. Maker is leading the pack with over 19% gains followed by Matic (18%), Tezos (10.
Boeing’s PR problems continue as a plane caught fire after takeoff. Analysts remain bullish as long as BA trades above support area of $340.
The post Boeing PR Nightmares Continue; Plane Catches Fire but Investors Shouldn’t Worry appeared first on CCN.com
Bitcoin’s recent drop to the low-$8,000 has sent bearishness echoing across the aggregated market, leading major altcoins like Ethereum to post relatively large losses. ETH, which was testing an upwards break above $190 prior to BTC’s drop, is now trading below a key support level.
The Bitcoin price has not made any significant movement since yesterday. It is showing bullish signs in lower time-frames. In the long-term, it is approaching the logarithmic support line above $6000.
For the first time ever, the Dow Jones Industrial Average closed above 28,000 while the S&P 500 index hit its fourth consecutive record. These bullish sentiments some market commentators believe are here to stay.
Ethereum is among the crypto assets still vastly below its former all-time price, with a long way to go before it recovers the lofty prices set back at the height of the crypto hype bubble. According to one crypto trader, Ethereum’s downfall may not be complete, and if the current monthly candle cannot close above.
The cryptocurrency market is back under pressure with Bitcoin and a number of other altcoins, including XRP and Bitcoin Cash, losing bullish momentum and trading in the red. Bitcoin quickly reversed from a high of $8,780 to a low of $8,620.
Bitcoin has once again found itself caught within a bout of consolidation as it ranges sideways above its key near-term support level at $8,700. Despite BTC’s recent sell-off that sent it reeling below $9,000, the cryptocurrency’s bulls have been able to defend this support level, which may be a bullish sign.
Neo Price Analysis (NEO/USD) NEO/USD pair has today shown a massive upsurge as it maintains its price range above $10. 000. Also, the bullish action is likely to increase the investor’s sentiments due to an increase in buying pressure.
The Bitcoin market has recently surpassed the activity levels of late 2017, when BTC started its historical rally that shot prices to an all-time high above $19,900. Futures Markets Take Over Spot Trading This time, the BTC market has made a complete recovery from the low volumes in January.
Ethereum price is up more than 3% and recovering above $188 against the US Dollar. There was a decent upside correction from the $180 support area. There is a key bullish trend line forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken).
ETH price declined recently below the $188 and $186 support levels against the US Dollar. The price is still trading above the key $180 and $178 support levels. There is a crucial bullish trend line forming with support near $180 on the 4-hours chart of ETH/USD (data feed via Kraken).
As you are likely aware, Bitcoin (BTC) hasn’t done too well over the past two-odd days. Since Friday, the cryptocurrency has shed 6% of its value, tanking from $9,250 to $8,700 in a strong move lower that came after nearly two weeks of bullish consolidation above $9,000.
US spot Bitcoin and Ether ETFs have seen a net outflow of over $1.5 billion in March, extending a five-week losing streak that has now reached $5.09 billion. However, inflows of $13.3 million on March 12 suggest investors may be stepping back in as Bitcoin manages to stay above the $80,000 mark. Farside Investors data […]
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3. 5 trillion in November to $2. 58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
An unknown attacker prompted Ethereum developers to roll out a “private fix” as the network grappled with technical issues during the Pectra upgrade on the Sepolia testnet. In a post-incident report, Ethereum developer Marius van der Wijden revealed that the…
Crypto coins remained under pressure during the weekend even after Donald Trump announced his plans for a Strategic Bitcoin Reserve (SBR) and held the first crypto summit in Washington. Bitcoin’s price has crashed below $83,000, while the valuation of most coins has dropped to $2.
Ethereum price has crashed this year, as its on-chain metrics waned and spot ETH exchange-traded funds (ETF) outflows rose. ETH has crashed in the last two consecutive weeks, and is hovering at its lowest level since December 2023.
The crypto market shows mixed signals today, with Ethereum dropping to the $2,100 mark while altcoins like Crypto-AI-Robo, CZ’s Dog and Prosper have surged double digits in the last 24 hours. According to the latest market data, Bitcoin (BTC) is…
Ethereum price surged 6% in the past 24 hours, reclaiming the $2,300 level despite weakening decentralized finance metrics. According to data from Defi Llama, in February, Ethereum’s (ETH) total value locked fell to $50 billion from a peak of $71…
