Ethereum Price (ETH) Reverses Sharply, Bitcoin Jumps 5%

2019-7-25 06:08

ETH price started a strong recovery after trading towards the $200 support level against the US Dollar. The price gained more than 5% and broke the $210 and $215 resistance levels. Yesterday’s highlighted key bearish trend line was breached with resistance near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and it seems like it could revisit the $230 and $235 resistance levels.

Ethereum price is showing reversal signs above $215 versus the US Dollar, similar to bitcoin. ETH price is likely to continue higher and dips towards $218 likely remains supported.

Ethereum Price Analysis

Yesterday, we saw a downside extension in Ethereum price below $210 against the US Dollar. The ETH/USD pair even broke the $205 level and tested the $200 support level. The bulls managed to defend the $200 handle and the price started a decent recovery. There was a break above the $210 and $215 resistance levels to start the current upward move. Moreover, the price even surpassed the $220 resistance and the 100 hourly simple moving average.

Besides, yesterday’s highlighted key bearish trend line was breached with resistance near $212 on the hourly chart of ETH/USD. The pair is now trading nicely above the 50% Fib retracement level of the downward move from the $236 high to $200 low. The current price action indicates the chances of more gains above the $225 level in the near term.

An immediate resistance is near the $228-230 zone. Moreover, the 76.4% Fib retracement level of the downward move from the $236 high to $200 low is likely to act as a resistance near $228. If there are more gains above $228 and $230, the price could continue to rise. The next stop for the bulls could be near the $236 swing high.

On the other hand, if the price corrects lower, it might find bids near the $220 support. Additionally, the $218 level and the 100 hourly SMA are also strong supports. As long as the price is trading above the 100 hourly, it is likely to break the $228 and $230 resistance levels.

Looking at the chart, Ethereum price is showing a lot of positive signs above the $218 level. The technical structure is positive, suggesting more upsides above $230. Only a close below $216 and the 100 hourly SMA might negate the current bullish view in the near term.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone, with positive signs.

Hourly RSI – The RSI for ETH/USD is gaining pace towards 80 and it is currently well above the 60 level.

Major Support Level – $216

Major Resistance Level – $230

The post Ethereum Price (ETH) Reverses Sharply, Bitcoin Jumps 5% appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3745.17 (-0.11%)
Объем 24H $9.883b
Изменеия 24h: 0.91 %, 7d: 20.26 %
Cегодня L: $3736.18 - H: $3750.24
Капитализация $449.918b Rank 2
Цена в час новости $ 207.24 (1707.17%)

price eth resistance ethereum jumps sharply reverses

Источник: newsbtc.com

price eth → Результатов: 126


Фото:

ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals

Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrency’s successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto […] The post ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals appeared first on Invezz.

2023-4-19 23:44


User Pays $2.6 Million to Transfer Just $130 Worth of ETH; By Far the Highest Fees Ever Paid

After climbing above $240, the second-largest cryptocurrency has slowed down and is keeping around this level. The percent of Ether supply in profit, which is the percentage of calculating ETH whose price at the last time it moved on-chain was lower than the current price, is currently hovering at 80%. It is the third attempt […]

2020-6-11 17:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

API3 surpasses $1b in TVS, recording 10x growth in 100 days

API3 announced it had surpassed the $1 billion mark in Total Value Secured (TVS), marking a tenfold increase over the past 100 days. TVS measures the total value of assets protected by a platform or protocol, typically in the crypto…

Pepe’s surge to new high ignites memecoin interest, boosts KangaMoon

Pepe (PEPE) price hit a new all-time high today, with upside momentum driving interest in other memecoins. As traders bank on more gains for PEPE amid the rising optimism around spot Ethereum ETF approval, a look at the broader market suggests Bonk, Floki and Dogwifhat among others could be poised for a massive rally. Here’s […]

Bitcoin pizza day, users spend $135k on pies

Cryptocurrency users have spent over $135,000 worth of different cryptocurrencies on pizzas over the past 12 months, according to a Bitrefill report. The comprehensive analysis of internal pizza gift card sales data shows that users purchased 3,941 pizzas with crypto.…

Spot Bitcoin ETFs surpass $300m in inflows

For the second time in May, spot Bitcoin (BTC) ETFs have exceeded $300 million in inflows, with significant contributions from BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC).

Ethereum ETF applicants submit 19b-4 forms

Five Ethereum (ETH) spot ETF applicants have submitted their 19b-4 forms to the U.S. Securities and Exchange Commission (SEC). According to Bloomberg Intelligence analyst James Seyffart, ETH ETF applicants — Fidelity, VanEck, Invesco/Galaxy, Ark Invest and Franklin Templeton — submitted their…