Ethereum Price Analysis: Blasts Through Short-Term Hurdle – Stays In The Green

ETH/USD managed to break through a key barrier and extended gains the gains to brushing shoulders with $174.00.
Expect Ethereum to stay above the buyers’ congestion zone between $166.00 and $168.00.

Ethereum is the bulls among a sloth of bears. In a market that been retracing, ETH/USD managed to break through a key barrier and extended gains not only past $170 but also stepped above $174. The gains come after the bullish zone between $166.00 and $168.00 stood its ground during the weekend trading sessions.
ETH/USD 15′ chart
Chart source: Tradingview
Last week we saw Ethereum spring up in an engulfing candle that sent it close to $180 instead of forming a high at $179.02 before the bears stepped on the reverse gear. ETH/USD fell into a downtrend below the trendline. There were drops and climbs around the 200 Exponential Moving Average (EMA) on Saturday and Sunday. However, the breakout on Monday has no signs of stepping below $170 in the coming sessions. Besides, the 200EMA will function as support above $170.
The reversal that has left as the only upright standing crypto among the top digital assets. It stands out in the green on the intraday charts where most cryptos are navigating a sea of red waters.
14-day RSI outlook
The Relative Strength Index in the 15-minute timeframe is trending sideways slightly below the overbought. A trendline connecting the previous lows since yesterday shows a steadily rising trend. As long as the indicator signal stays above this trendline we can expect Ethereum to stay above the buyers’ congestion zone between $166.00 and $168.00 while any correction into the overbought could see ETH/USD zooming above $180 (supply zone).
Also Read: Cryptocurrency Moving Wealth to Dark Havens, Must be Shut Down: Joseph Stiglitz
On the other hand, the moving average convergence divergence (MACD) uptrend has slowed down but the signal line is horizontal inside the positive region at +1.0057. The higher level confirms that the bulls are in charge and likely to continue influencing the price in the near-term.
Ethereum Key Technical Indicators
EMA200 15’: $170.7578.
Key Support Zone: $166 – $168.
Initial resistance: $174.00.
Key supply zone: $178 – $180.
RSI 15’: 61.86.
MACD 15’: 1.0057.
The post Ethereum Price Analysis: Blasts Through Short-Term Hurdle – Stays In The Green appeared first on Coingape.
Source: CoinGape

Ethereum [ETH] Price Analysis: Grinding Closer to Key Resistance – Reversal Is Possible

Ethereum price is still larges correlated with Bitcoin price.
Exhaustion $70.00 is bound to lead to a reversal that could test the support congestion zone at $160.

ETH/USD is trading in the Bollinger Band 1-hour upper following a slight recovery from the low posted on May 2 at $165.68. On April 26, the largest altcoin plunged and explored the levels marginally below $150 amid increased volatility in the cryptocurrency market. Ethereum price is still larges correlated with Bitcoin price as the largest asset dropped from highs above $5,400 to its main support at $4,950.
ETH/USD 1-hour chart
Chart source: Tradingview
Ethereum is back in line after resuming from Thursday (April 26) last week’s support at $148.04 (Fib levels swing low). Trading above the 23.6% Fib level between the previous swing high of 178.49 and a swing low of $148.04 allowed the price to rise above $160 and $165 resistance levels. Unfortunately, the momentum failed to make headway above the Bollinger Band upper limit leading to yet another correction below the 23.6% Fib level.
Since Ethereum commenced the trading in April very bullish the bulls pulled the price up to close the month in the positive. A break occurred above the 200 Simple Moving Average (SMA) as well as the 61.7% Fib level at $166.83. Ethereum traded above $70.00 critical level, formed a high at $173.22 before retracing back under $170.
Also Read: Elon Musk Just Kidding with the ‘Ethereum’ Tweet; Crypto-Twitter Goes Hysteric Anyway
In the meantime, the price is retesting the key resistance at $70.00. It is vital that bulls recover support above this hurdle, however, exhaustion is bound to lead to a reversal that could test the support congestion zone at $160; a move that could paralyze the bulls entirely.
It also essential that the buyers take advantage of the intact technical levels with the RSI staying above 40.00. The price is above the 200 SMA 1-hour and immediately supported at $168.00.
Ethereum Key technical levels
RSI 1-hour: Moving higher at 59.72 (bulls are in control).
200 SMA 1-hour: $164.00 (will function a support).
Support 1: $168.00
Support2: $164.00
Support 3: $148.04
Resistance 1: $70.00
Resistance 2: $172.00
Resistance 3: $178.49
The post Ethereum [ETH] Price Analysis: Grinding Closer to Key Resistance – Reversal Is Possible appeared first on Coingape.
Source: CoinGape

Ethereum Price Prediction Today: Another Bloodbath – Support Turned Resistance

ETH/USD is exchanging hands at $159.54 while dancing at the 38.2% Fib retracement level.
Ethereum bulls must push the price above $160 to cement the building bullish momentum.

Ethereum is fighting for recovery following the broad-based declines across the cryptocurrency market. There has been a formidable correction from Thursday low at $148.02 to the current $159.54 at press time. While the intraday charts are showing a bullish momentum building, Ethereum is still trending 4.8% lower compared to the same time on Thursday.
Ethereum short-term technical picture
ETH/USD 1-hour chart
Chart source: Tradingview
ETH/USD is exchanging hands at $159.54 while dancing at the 38.2% Fib retracement level taken between the previous high at $178.45 to a low of $147.02. Following the break of the week’s support congestion zone at $160, the price entered into a seller interest zone around $158, a move that increased the sellers’ confidence who pushed the price the levels traded in the first week of April amid the incredible bull rally.
Also Read: Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News
The bulls must push the crypto above the 38.2% Fib level, beat the resistance at the 12 EMA and bring the price above the support turned resistance at $160. This will allow the price to re-enter yesterday’s short-lived consolidation zone between $163.29 – $166.69. At the moment, this is considered a bullish area for Ethereum and will allow the buyers to gather strength in preparation for an assault on the next resistance targets at the 61.8% Fib level, $168.04 resistance and $170.00 hurdle.
The trends displayed by technical indicators like the RSI and the MACD shows ETH/USD having potential sideways trading if not upside correction in the coming sessions. The RSI, for example, has corrected to 40.37 from levels around 19.15 while the MACD at -1.8956 is in an upward slope to confirm that the buyers have an upper hand.
Ethereum Key Technical Indicators
RSI 1-hour: 40.37 (trend: ranging).
MACD 1-hour: Below the mean line but trending upwards.
EMA 12 1-hour: $159.99
Resistance 1: $160.00
Resistance 2: 163.29
Resistance 3: 168.00
Support 1: The 23.6% Fib level
Support 2: $148.00.
The post Ethereum Price Prediction Today: Another Bloodbath – Support Turned Resistance appeared first on Coingape.
Source: CoinGape

Ethereum Price Prediction Today: Calm In The Wake Of A Brief Storm – $170 Is Nigh

The losses on Monday extended below $160.00 before ETH/USD found solace at $156.53.
The buyers should look out for a double-cross of the 12 EMA above the longer term 26 EMA.

ETH/USD is making a grand entrance into the broken range support at $163. This upside correction is happening in the wake of another flash drop witnessed yesterday when Ethereum came down like a stone in the air after the buyers failed to break above $170 resistance. The waterfall drop could not find support at $163 (range support). The losses extended below $160.00 before ETH/USD found solace at $156.53.
Chart source: Tradingview
Significant bullish momentum is building up above $160. Besides, Ethereum is changing hands at $163.13 after zooming above the 12 exponential moving average (EMA). Moreover, there is a new uptrend developing above the short-term ascending trendline. Marginally above the range support, the price is facing resistance from the 26 EMA 1-hour.
All eyes are set on $170 in the short-term as the bulls continue to position themselves following the brief reversal seen yesterday evening (GMT). The retracement was necessary for a proper assault on $170 after the first attempt to break the hurdle failed miserably.
Also Read: Leading Trade Analyst Says Bitcoin [BTC] ‘Still in a No-Trade Zone’; Is $4000 imminent?
The gap moving average exponential gap that widened in the reaction to the declines on Monday has begun to narrow. The buyers should lookout for a double-cross of the 12 EMA above the longer term 26 EMA; which will be a confirmation of the bullish momentum likely to zoom past $170.
In the meantime, the moving average convergence divergence (MACD) 1-hour has changed direction upwards after the fall that sent to levels around -1.840344. The signal divergence at -1.115621 says that the trend is in the favor of the bulls. A correction above 0.0 will confirm a retracement to $170.
Ethereum Key Technical Indicators:
12 EMA 1-hour: $162.00
26 EMA 1-hour: $163.23 (former range support).
MACD 1-hour -1.115621
Medium-term target: $170.00
Resistance 1: $163.7081
Resistance 2: $168.00 (range resistance)
Resistance 3: $170.00
Support 1: $162.00 (12 EMA)
Support 2: $160.00
Support 3: $155.00
The post Ethereum Price Prediction Today: Calm In The Wake Of A Brief Storm – $170 Is Nigh appeared first on Coingape.
Source: CoinGape

Ethereum Price & Technical Analysis: Ether Struggling Hard

Coinspeaker
Ethereum Price & Technical Analysis: Ether Struggling Hard
Ethereum is struggling hard, says Dmitriy Gurkovskiy, chief analyst at RoboForex.
Ethereum Price & Technical Analysis: Ether Struggling Hard

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Price & Technical Analysis: ETH Needs Support

CoinSpeaker
Ethereum Price & Technical Analysis: ETH Needs Support
Ethereum needs support, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Ethereum Price & Technical Analysis: ETH Needs Support

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Price & Technical Analysis: Ether Still Trying to Find Support

CoinSpeaker

Ethereum Price & Technical Analysis: Ether Still Trying to Find Support

The Ethereum is going slightly up in late January, reaching around $107.3w on Jan 31, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

Ethereum Price & Technical Analysis: Ether Still Trying to Find Support

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Price & Technical Analysis: ETH Still Being Weak

CoinSpeaker

Ethereum Price & Technical Analysis: ETH Still Being Weak

Ethereum is trying to recover after a selloff on Thu, Dec 6, trading at around $104.02, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

Ethereum Price & Technical Analysis: ETH Still Being Weak

Continue reading at Coinspeaker
Source: CoinSpeaker