Ethereum is down more than 10% from the $190 swing high against the US Dollar. ETH price is currently consolidating above $165 and facing key hurdles near the 100 hourly SMA.
Ethereum declined sharply below the $175 support and tested the $165 zone.
The price is currently consolidating losses and it might correct towards $175.
There is a key bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is likely to struggle near the $176 resistance and the 100 hourly simple moving average.
Ethereum Price Facing Hurdles
In the past few sessions, there was a steady decline in Ethereum from well above the $185 level against the US Dollar. ETH price traded below the key $175 support and the 100 hourly simple moving average.
It tested the $165 support area and it is currently consolidating losses. There was a minor upward move above the 23.6% Fib retracement level of the key decline from the $189 monthly high to $165 low.
On the upside, an initial resistance is near the $173 level (the recent breakdown zone). The first major hurdle for the bulls is see near the $175 level since it is close to the 100 hourly simple moving average.
More importantly, there is a key bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD. The trend line coincides with the 50% Fib retracement level of the key decline from the $189 monthly high to $165 low.
Ethereum Price
If Ethereum starts an upside correction above the $173 level, it is likely to face a strong selling interest near the $175 and $176 levels. A successful close above the $175 level and the 100 hourly SMA is needed for more upsides. The next key resistance is near the $180 level, above which Ether price might visit the $189 monthly high.
Bearish Break?
If Ethereum fails to continue above the $175 and $176 resistance levels, it could start a fresh decline. An initial support on the downside is near the $167 level.
The main support is near the $165 level. If there is a convincing break and close below $165, the price may perhaps extend its decline towards the $160 support or the $158 pivot level in the near term.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently reducing its last bearish slope
Hourly RSI – The RSI for ETH/USD is struggling to move back above the 50 level.
Major Support Level – $165
Major Resistance Level – $176
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Ethereum is down around 7% and it broke the $175 support area against the US Dollar. ETH price could correct further, but there are many key supports, starting with $165 and $160. Ethereum is currently correcting lower from the $185 swing high.
Ethereum is consolidating gains above the $170 and $165 support levels against the US Dollar. ETH price is likely setting up for another leg higher over the $175 resistance area. Ethereum is showing a few positive signs above the $170 support level.
Эфир (ETH) показал сегодня самые лучшие результаты из первой десятки альткоинов. Монета за последние 24 часа подскочила в цене более чем на 15% до $165. Рыночная капитализация ETH вечером 6 апреля превысила $18,08 млрд.
Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180. There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar.
Ethereum failed to settle above the $170 resistance and bitcoin struggled above $8,700. ETH price is currently declining and it seems like it could decline heavily if it breaks $162. Ether price is starting to move into a bearish zone below $165 against the US Dollar.
Ethereum is slowly rising from the $162 support area, similar to bitcoin from $8,500. ETH price could start a decent increase to $180 or $185 if it settles above $170. Ether price is showing a few positive signs above the $162 and $165 support levels against the US Dollar.
Ethereum started a sharp decline from the $180 resistance, similar to bitcoin from $9,200. ETH declined towards $160, but it is likely to find strong bids near $158. Ether price was rejected near the $180 area and it declined below $165 against the US Dollar.
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar.
Отметки в $150 и $160 были для эфира (ETH) ключевыми барьерами, преодолев которые он смог вырасти до самого высокого уровня с 21 ноября 2019 года. На этой неделе крупнейший альткоин подорожал на 15% до $165,17.
Coinspeaker DeFi and General Crypto Bullish Bias Bolster Ethereum PriceThis Tuesday the price of Ethereum spiked from $143.50 to $165.85 price level.DeFi and General Crypto Bullish Bias Bolster Ethereum Price
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).
Ethereum is down more than 8% and it tested the final $155 bearish target against the US Dollar. Bitcoin price is also down around 6% and it traded close to the $7,400 bearish target (as discussed yesterday).
Ethereum price declined heavily below $170 and traded close to $150 against the US Dollar. Bitcoin price is down more than 8% and it even traded below the key $7,500 support. Yesterday’s highlighted bearish trend line is intact with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum’s price in the cryptocurrency market has been seeing a broad bullish pattern formation. The second-largest coin has been repeatedly undergoing devaluation and has been treading close to its support at $165.
Ethereum’s price has an extremely bullish bias due to formation of a descending channel on a higher time frame and the falling wedge on a lower time frame. The price of ETH is currently close to testing $160-$165 support.
Last week, the price of several cryptocurrencies was seen plummeting by over 10% following the carnage in the crypto market. Various altcoins were heading towards yearly lows, one of which was Ethereum.
Крупнейший альткоин эфир (ETH) все еще торгуется ниже $200, однако монета смогла немного укрепиться после падения до $165. В четверг, 3 октября, курс ETH вырос до $178, и многие трейдеры считают, что если альткоин достигнет $180, то на этом уровне он сможет получить достаточную поддержку для сохранения восходящей динамики движения.
ETH price managed to recover above $172, but it failed to continue above $180 against the US Dollar. The price is currently trading below the $170 support and it might retest the $165 or $162 support.
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, September 27th, ETH remains under pressure, trading at $165. 51. On D1, the Ethereum price is developing a new impulse of decline upon completing a pullback.
Ethereum tumbles to its weakest trading level since April 2019 The lower time frame shows that a potential bullish reversal pattern may be forming The recent drop has created bullish MACD divergence on the 30-minute time frame extending towards the $210.
ETH price corrected higher from the $152 low and traded above $165 against the US Dollar. The price is currently struggling to break the $172 and $175 resistance levels. Yesterday’s highlighted key bearish trend line is still active with resistance near $172 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum has been rising in the past few days from $165 to a recent high of $195 before reaching the current price of just under $190. The cryptocurrency has seen...
The post Ethereum Eyeing $200 appeared first on Trustnodes.
The Ethereum price has increased from $165 to $194 within a 10-day span, breaking out with strength in a larger time frame for the first time in a month against both bitcoin and the USD. Traders and technical analysts have started to demonstrate optimism towards the short term trend of the asset as a major […]
The post Traders anticipate strong Ethereum recovery after 17% rally in 10 days appeared first on CryptoSlate.
Рынок криптовалют на фоне нейтрального новостного фона продолжает двигаться в боковике на низких объемах. Со среды показатель суммарной капитализации рынка увеличился на 1,9% и сейчас находится в районе значения $264 млрд.
ETH price is finding a strong buying interest near the $165 level against the US Dollar. The price is currently climbing higher and testing a major resistance area near $180 and $182. There was a break above a major bearish trend line with resistance near $176 on the 4-hours chart of ETH/USD (data feed via.
ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar. The price is likely to decline sharply if it settles below the $165 support area in the near term. There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed.
На рынке криптовалют снова затяжной боковик. Со среды показатель капитализации снизился на 0,5%, достигнув значения $265. Наш индикатор BC 10 Index снизился на 0. 5% до значения 165,2 пункта. Bitcoin Цена BTC со среды не изменилась.
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The second cryptocurrency in terms of capitalization, the Ethereum, continues a declining correction. The test of the important support level of $165 is close; if it happens, the buyers will have to demonstrate a bounce in order to prevent further decline.
ETH price rebounded nicely after testing the key $160 support area against the US Dollar. The price climbed higher sharply and broke the $165, $168 and $170 resistance levels. There was a break above a contracting triangle with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken).
ETH price started a steady rise above the $158 and $160 resistance levels against the US Dollar. The price traded above the $165 level and recently corrected lower below $165. There is a major contracting triangle in place with resistance near $167 on the 4-hours chart of ETH/USD (data feed via Kraken).
Ethereum is showing a positive outlook when compared to Tron, as Ethereum’s charts displayed the Golden Cross. This suggests that Ethereum’s price trend will flip in the near future. The price of Ethereum at press time was $165, and that of Tron was $0.
ETH price remains well supported on the downside near the $170 area against the US Dollar. The price settled in a positive zone above the $165 and $169 resistance levels. There is a major bearish trend line formed with resistance at $176 on the 4-hours chart of ETH/USD (data feed via Kraken).
ETH price declined towards the $160 support against the US Dollar, where buyers took a stand. The price recently recovered and traded above the $165 and $166 resistance levels. There was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken).
ETH price started a downside correction after testing the $188 level against the US Dollar. The price declined below the $174 and $165 support levels to move into a short term bearish zone. There is a crucial bullish trend line forming with support at $155 on the 4-hours chart of ETH/USD (data feed via Kraken).
On the downside, if the bearish pressure is continuing, the price may find support at the $165 price level. On the upside, if the $170 price holds, the crypto’s price will rise to break above the EMAs.
ETH price extended gains, but it failed to overcome sellers near the $185 resistance against the US Dollar. The price started a downside correction and traded below the $180 and $174 supports. This week’s key bullish trend line was breached with support at $178 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum generally missed out on last week’s big Bitcoin induced crypto rally as gains were way less than other digital assets such as Litecoin or Bitcoin Cash. ETH has woken up today though and is currently over 10% up as it approaches critical resistance levels.
Bitcoin turned the screw on $5,300 today and notched a new 2019 all-time high at $5,352 on Coinbase. The ETH-USD pairing followed suit and the top altcoin now looks ready to have a go at $200. Ethereum Price Analysis: Market Review Earlier in the week, Ethereum price marched through the $155 resistance and on over the weekend the altcoin tackled the resistance level at $165.
ETH price climbed higher nicely after forming a support base above $165 against the US Dollar. The price broke the key $175 and $180 resistance levels to move to a new yearly high near $188. There was a break above a major bearish trend line with resistance at $172 on the hourly chart of ETH/USD.
ETH price started a nice uptrend above the $155 and $165 resistances against the US Dollar. The price traded as high as $180, corrected lower, and now preparing for the next upside break. There are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH/USD (data feed.
The crypto’s price reached a high of $165. 50 and commenced a range bound movement. On the upside, the price is expected at the $200 price level. However, the ETH price is likely to face resistance at the $170 and $180 price levels.
ETH price started a major downside correction after testing the $180 resistance area against the US Dollar. The price declined below the $170 level and even settled below the $165 support area. There is a short term bearish trend line formed with resistance at $160 on the hourly chart of ETH/USD (data feed via Kraken).
ETH price traded further higher towards the $180 level before correcting lower against the US Dollar. The price dipped sharply below the $170 and $165 support levels to move into a short term bearish zone.
ETH price started a strong rally above the $150 and $160 resistance levels against the US Dollar. The price rallied recently and even climbed above the $170 resistance area. There is a crucial bullish trend line formed with support at $165 on the hourly chart of ETH/USD (data feed via Kraken).
On the upside, a price breakout will enable the bulls to break the $143 resistance level and reach the previous high of $165. On the downside, if price breaks below the EMAs, the crypto's price will fall.
By no,w Ethereum’s hardfork hype has passed and traders are probably pleased by the swing opportunities and bullish behavior exhibited by the price of ether (ETH). A move above the $140 resistance could open the doors for a run back to $165.
Is the Ethereum price tumble from $165 the result of a strong rejection at a crucial resistance or simply ETH and BTC longs unwinding after an impressive weekend rally? 1-Hour Chart ETH tumbled after tackling the $165 resistance but the abrupt correction throughout the market appears to have been the primary reason for stopping its advance to $170.
ETH price tumbled after it failed to break the $165 and $166 resistance levels against the US Dollar. The price declined and broke the $160, $152 and $140 support levels to move into a bearish zone.
ETH price finally broke the $149 and $150 resistance levels and gained pace against the US Dollar. The price traded above the $160 resistance and formed a new 2019 high above $165. There is a major bullish trend line formed with support near $148 on the 4-hours chart of ETH/USD (data feed via Kraken).
The latest cryptocurrency investment of a US legislator, who bought Ethereum (ETH) when its price dropped below $3,000, is generating headlines. Representative Michael Collins has reportedly taken advantage of the dip by purchasing between $1,000 and $15,000 worth of Ethereum.
Analysts said that two of the biggest cryptocurrencies in the world are riding on the waves of positive sentiments as the exchange-traded funds of Bitcoin and Ethereum reached record highs. The pro-cryptocurrency stance of US President-elect Donald Trump continues to fuel the positive outlook, propelling BTC and ETH to attain unprecedented levels. Related Reading: Operation […]
On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).
For years, Ethereum has established itself as the second-best competitor to Bitcoin regarding technology, innovation, and use cases. If many consider Bitcoin as ‘digital gold,’ Ethereum would be ‘digital silver.
According to veteran trader Peter Brandt, Ethereum might have just seen its future looking brighter. Known for his technical forecasts, Brandt feels the altcoin is on the verge of a bullish turnaround.
On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets.
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022.