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Ethereum Tightens Uptrend Structure as Market Eyes Another Wave of Gains

✇NewsBTC
By: Aayush Jindal

Ethereum price started a fresh increase above $3,200. ETH is now consolidating gains and might aim for more gains above $3,250.

  • Ethereum started a fresh increase above the $3,050 and $3,120 levels.
  • The price is trading above $3,120 and the 100-hourly Simple Moving Average.
  • There is a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it settles above the $3,240 zone.

Ethereum Price Eyes Another Upside Break

Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,050 resistance levels.

The bulls even pumped the price above $3,150.  However, the bulls struggled to clear $3,240 and $3,250. A high was formed at $3,239 and the price recently corrected some gains. There was a spike below the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low.

Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD.

Ethereum Price

If there is another upward move, the price could face resistance near the $3,200 level. The next key resistance is near the $3,240 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.

Downside Correction In ETH?

If Ethereum fails to clear the $3,240 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050 zone.

A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,850 and $2,840.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,130

Major Resistance Level – $3,240

Ethereum Surges Above $3,200 as Traders Eye a Stronger Bullish Extension

✇NewsBTC
By: Aayush Jindal

Ethereum price started a fresh increase above $3,120. ETH is now attempting to clear the $3,250 resistance and might accelerate higher.

  • Ethereum started a fresh increase above the $3,000 and $3,120 levels.
  • The price is trading above $3,150 and the 100-hourly Simple Moving Average.
  • There is a bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it settles above the $3,250 zone.

Ethereum Price Eyes More Gains

Ethereum price managed to stay above $2,880 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,950 and $3,000 resistance levels.

The bulls even pumped the price above $3,120.  However, the price is now testing a key barrier at $3,250. A high was formed at $3,239 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low.

Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,250 level.

Ethereum Price

The next key resistance is near the $3,265 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,540 in the near term.

Downside Correction In ETH?

If Ethereum fails to clear the $3,250 resistance, it could start a fresh decline. Initial support on the downside is near the $3,160 level. The first major support sits near the $3,120 zone and the trend line.

A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,920 and $2,880.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,120

Major Resistance Level – $3,250

Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line

✇NewsBTC
By: Aayush Jindal

Ethereum price started a fresh increase above $2,920. ETH is now attempting to clear the $3,050 resistance and might accelerate higher.

  • Ethereum started a fresh increase above the $2,920 and $2,950 levels.
  • The price is trading above $2,950 and the 100-hourly Simple Moving Average.
  • There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it settles above the $3,050 zone.

Ethereum Price Eyes Upside Break

Ethereum price managed to stay above $2,720 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,850 and $2,880 resistance levels.

There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD. The bulls even pumped the price above $2,950.  However, the price is now testing a key barrier at $3,050. A high was formed at $3,047 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low.

Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,050 level.

Ethereum Price

The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,200 resistance. An upside break above the $3,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,350 resistance zone or even $3,380 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,970 level. The first major support sits near the $2,880 zone or the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low.

A clear move below the $2,840 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,720 and $2,710.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,970

Major Resistance Level – $3,050

Ethereum Takes a Blow, Though Buyers Continue Shielding Key Price Floors

✇NewsBTC
By: Aayush Jindal

Ethereum price started a fresh decline below $2,880. ETH is now attempting to recover from $2,720 but the bulls might face resistance.

  • Ethereum started a fresh decline below $2,880 and $2,800.
  • The price is trading below $2,850 and the 100-hourly Simple Moving Average.
  • There is a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it settles above the $2,850 zone.

Ethereum Price Attempts Recovery

Ethereum price failed to stay above $2,950 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone. The bears even pushed the price below $2,800.

A low was formed at $2,718 and the price is now attempting to recover. There was a move above the $2,750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low.

Ethereum price is now trading below $2,850 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,820 level. There is also a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD.

Ethereum Price

The next key resistance is near the $2,880 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low. The first major resistance is near the $2,920 level. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,880 resistance, it could start a fresh decline. Initial support on the downside is near the $2,760 level. The first major support sits near the $2,740 zone.

A clear move below the $2,740 support might push the price toward the $2,720 support. Any more losses might send the price toward the $2,650 region in the near term. The next key support sits at $2,550 and $2,500.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,720

Major Resistance Level – $2,880

Ethereum Dives Below $2,880 as Bears Tighten Their Grip on the Trend

✇NewsBTC
By: Aayush Jindal

Ethereum price started a fresh decline below $2,950. ETH is down over 5%, trading below $2,880, and might continue to move down.

  • Ethereum started a fresh decline below $2,950 and $2,900.
  • The price is trading below $2,880 and the 100-hourly Simple Moving Average.
  • There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it settles below the $2,800 zone.

Ethereum Price Dips Over 5%

Ethereum price failed to stay above $3,000 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone.

There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD. The bears even pushed the price below $2,850. A low was formed at $2,815 and the price is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low.

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,880 level.

Ethereum Price

The next key resistance is near the $2,940 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. The first major resistance is near the $2,960 level. A clear move above the $2,960 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,820 level. The first major support sits near the $2,800 zone.

A clear move below the $2,800 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,720 region in the near term. The next key support sits at $2,650 and $2,620.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,800

Major Resistance Level – $2,940

Ethereum Trades Steady at $3K as Market Eyes Imminent Volatility Shift

✇NewsBTC
By: Aayush Jindal

Ethereum price started a recovery wave and surged above $3,000. ETH might continue to rise if it clears the $3,080 resistance.

  • Ethereum started a recovery wave above $2,980 and $3,000.
  • The price is trading above $2,960 and the 100-hourly Simple Moving Average.
  • There is a key bullish trend line forming with support at $2,950 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it settles above the $3,080 zone.

Ethereum Price Eyes More Gains

Ethereum price managed to stay above $2,880 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,920 and $2,950 levels.

The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low. The bulls even pumped the price above $3,000 but they struggled to clear the $3,080 zone.

The price failed to settle above the 76.4% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low. Ethereum price is now trading above $2,960 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2,950 on the hourly chart of ETH/USD.

Ethereum Price

If there is another upward move, the price could face resistance near the $3,050 level. The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,165 resistance. An upside break above the $3,165 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,080 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,880 zone.

A clear move below the $2,880 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region in the near term. The next key support sits at $2,750 and $2,740.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,950

Major Resistance Level – $3,080

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