Category: ETHUSDT

Ethereum remained in a positive zone and it traded to a new all-time high above $2,750 against the US Dollar. ETH price is correcting gains, but dips are likely to be limited below $2,650.

• Ethereum extended its rise above the $2,700 and $2,740 resistance levels.
• The price is now trading well above $2,650 and the 100 hourly simple moving average.
• There is a major rising channel forming with support near $2,640 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to start a fresh increase above the $2,750 resistance zone in the near term.

Ethereum Price Eyes More Gains

Ethereum is following a bullish path above the $2,600 pivot level. ETH even cleared the $2,720 resistance and settled well above the 100 hourly simple moving average.

It traded to a new all-time high at $2,764 before it started a downside correction. There was a break below the $2,720 and $2,700 levels. Ether is now trading below the 23.6% Fib retracement level of the recent wave from the $2,560 swing low to $2,764 high.

It is still trading well above $2,650 and the 100 hourly simple moving average. There is also a major rising channel forming with support near $2,640 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The channel support is close to the 50% Fib retracement level of the recent wave from the $2,560 swing low to $2,764 high. On the upside, the price is facing resistance near the $2,750 and $2,760 levels. A successful close above the $2,760 zone could set the pace for more gains.

The next major resistance is near the $2,800 level, above which the price could accelerate higher towards the $2,880 level. The main target for the bulls may possibly be near the $3,000 level.

Dips Limited in ETH?

If Ethereum fails to extend gains above $2,750, there could be a downside correction. An immediate support is near the channel trend line or $2,650.

A downside break below the channel support could lead the price towards the $2,600 support. Any more losses might call for an extended decline towards the $2,550 support zone or the 100 hourly simple moving average in the near term.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now approaching the 50 level.

Major Support Level – $2,650

Major Resistance Level – $2,750

Ethereum gained bullish momentum and traded to a new all-time high above $2,700 against the US Dollar. ETH price is likely to continue higher above $2,700 and $2,750.

• Ethereum is trading in a bullish zone above the $2,600 support level.
• The price is now trading well above $2,550 and the 100 hourly simple moving average.
• There was a break above a major rising channel with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is correcting gains, but dips are likely to remain limited below $2,550.

Ethereum Price Remains Bullish

Ethereum remained in a strong uptrend and it broke the $2,650 resistance zone. ETH even cleared the $2,700 resistance and settled well above the 100 hourly simple moving average.

There was a break above a major rising channel with resistance near $2,580 on the hourly chart of ETH/USD. It traded to a new all-time high near $2,720 before starting a downside correction. Ether declined below the $2,700 and $2,680 levels.

There was a break below the 23.6% Fib retracement level of the recent surge above the $2,431 swing low to $2,720 high. The price is now testing the broken channel resistance zone near the $2,625 level.

Source: ETHUSD on TradingView.com

An immediate support is near the $2,600 level. The next key support is near the 50% Fib retracement level of the recent surge above the $2,431 swing low to $2,720 high. On the upside, the price could face resistance near the $2,680 and $2,700 levels. Any more gains could open the doors for a new all-time high above $2,720. In the stated case, ether price may possibly rise towards the $2,800 level.

Dips Supported in ETH?

If Ethereum fails to extend gains above $2,700, there could be a downside correction. An immediate support is near the channel trend line or $2,600.

A downside break below the channel support could lead the price towards the $2,575 level. Any more losses might call for an extended decline towards the $2,500 support zone or the 100 hourly simple moving average in the near term. An intermediate support might be near $2,550.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now approaching the 50 level.

Major Support Level – $2,575

Major Resistance Level – $2,700

Ethereum remained well bid and it broke the $2,500 resistance zone against the US Dollar. ETH price is likely to accelerate higher above $2,550 and $2,600 in the near term.

• Ethereum is trading in a bullish zone above the $2,500 support level.
• The price is now trading well above $2,450 and the 100 hourly simple moving average.
• There is a key rising channel forming with support near $2,480 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to rise further above the $2,550 and $2,600 levels in the near term.

Ethereum Price Extends Gains

Ethereum gained pace and it settled nicely above the $2,400 resistance zone. ETH even cleared the $2,450 resistance and settled well above the 100 hourly simple moving average.

There was a clear break above the $2,500 level and the price tested the $2,550 zone. A high is formed near $2,545 and the price is consolidating gains. There is a key rising channel forming with support near $2,480 on the hourly chart of ETH/USD.

The channel support is close to the 23.6% Fib retracement level of the recent wave from the $2,175 low to $2,545 high. On the upside, the price is facing a major hurdle near the $2,550 level. A clear break above the channel resistance could set the pace for a test of the $2,650 zone.

Source: ETHUSD on TradingView.com

Any more gains could open the doors for a new all-time high above $2,700. In the stated case, ether price may possibly rise towards the $3,000 level. An intermediate resistance is also near the $2,800 zone.

Dips Limited in ETH?

If Ethereum fails to extend gains above $2,550, there could be a downside correction. An immediate support is near the $2,480 level and the channel trend line.

A downside break below the channel support could lead the price towards the $2,400 level and the 100 hourly simple moving average. Any more losses could lead the price towards the $2,350 zone in the coming sessions. An intermediate is near the $2,380 level, where the bulls are likely to take a strong stand.

Technical Indicators

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

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

Major Support Level – $2,450

Major Resistance Level – $2,550

Ethereum found support near $2,150 and started a fresh increase against the US Dollar. ETH price is showing positive signs and it could soon rally above $2,500.

• Ethereum formed a support base above $2,150 and recently started a fresh increase.
• The price is now trading well above $2,400 and the 100 hourly simple moving average.
• There was a break above a major contracting triangle with resistance near $2,340 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is showing bullish signs and it could even surge above $2,500 in the near term.

Ethereum Price Climbs above $2,400

Ethereum remained stable above the $2,120 and $2,150 levels. ETH formed a support base above $2,150 and recently started a fresh increase above $2,200.

There was a strong upward move above the $2,250 and $2,300 resistance levels. There was also a break above a major contracting triangle with resistance near $2,340 on the hourly chart of ETH/USD.

The pair is now trading well above $2,400 and the 100 hourly simple moving average. There was a break above the 50% Fib retracement level of the recent decline from the $2,645 high to $2,106 swing low. Ether is now consolidating above the $2,400 level.

Source: ETHUSD on TradingView.com

An immediate resistance is near the $2,480 level. The next key resistance is near the $2,520 level. It is near the 76.4% Fib retracement level of the recent decline from the $2,645 high to $2,106 swing low. A successful break above the $2,520 level could open the doors for a fresh high above the $2,650 zone in the near term.

Dips Supported in ETH?

If Ethereum fails to extend gains above $2,500, there could be a downside correction. An immediate support is near the $2,420 level. The first key support is near the $2,250 level and the broken triangle zone.

Any more losses might call for a test of the 100 hourly simple moving average at $2,300. If there is a close below the 100 hourly SMA, there could be a fresh bearish wave towards the $2,150 support zone in the near term.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,350

Major Resistance Level – $2,500

Ethereum traded to a new all-time high at $2,646 before correcting lower against the US Dollar. ETH price is now trading below $2,300, but it is likely to remain well bid above $2,000.

• Ethereum rallied to a new all-time high near $2,646 before correcting lower.
• The price is now trading well below $2,300 and the 100 hourly simple moving average.
• There was a break below a major bullish trend line with support near $2,400 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is showing bearish signs and it could even retest $2,050 or $2,000.

Ethereum Price Corrects Lower

Ethereum remained in a strong uptrend above the $2,400 and $2,500 levels. ETH even broke the $2,600 level and traded to a new all-time high near $2,646.

Recently, there was a sharp decline in bitcoin, resulting in a bearish reaction in ether below $2,500. The price broke many supports near $2,450 and $2,400. There was also a break below a major bullish trend line with support near $2,400 on the hourly chart of ETH/USD.

The pair broke the 61.8% Fib retracement level of the key upward move from the $2,051 swing low to $2,646 high. It is now trading well below $2,300 and the 100 hourly simple moving average.

Source: ETHUSD on TradingView.com

Ether tested the 76.4% Fib retracement level of the key upward move from the $2,051 swing low to $2,646 high. It is now recovering higher, but there are chances of more losses below $2,200. If the bears remain in action, the price could test the main uptrend support a $2,000, where the bulls are likely to appear.

Fresh Increase in ETH?

If Ethereum remains stable above $2,050 and $2,000, it is likely to start a fresh increase. An initial resistance on the upside is near the $2,280 and $2,300 levels.

The main resistance is near the $2,350 level and the 100 hourly simple moving average. A successful close above the $2,350 level and the 100 hourly simple moving average could start a fresh increase. In the stated case, ether price is likely to climb above the $2,400 and $2,450 levels.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well below the 30 level.

Major Support Level – $2,050

Major Resistance Level – $2,350

Ethereum remained well bid and it climbed above the $2,400 level against the US Dollar. ETH price is showing positive signs and it might soon surge above USD 2,500.

• Ethereum gained pace and it cleared the $2,350 resistance zone.
• The price is now trading well above $2,350 and the 100 hourly simple moving average.
• There was a break above a key declining channel with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is showing positive signs and it is likely to continue higher above $2,450.

Ethereum Price Remains In Uptrend

Ethereum found support near the $2,240 level and recently started a fresh increase. ETH broke a few important hurdles near $2,300 to move into a bullish zone.

There was also a break above a key declining channel with resistance near $2,300 on the hourly chart of ETH/USD. The bulls gained strength and they were able to pump the price above the $2,350 level. The price is now trading well above $2,350 and the 100 hourly simple moving average.

There was also a break above the $2,400 level and the price traded as high as $2,469. It is now correcting lower below $2,440. There was a break below the 23.6% Fib retracement level of the recent increase from the $2,238 low to $2,469 high.

Source: ETHUSD on TradingView.com

Ether is now finding bids near the $2,350 level. It is close to the 50% Fib retracement level of the recent increase from the $2,238 low to $2,469 high. The current price action is positive and it seems like the price might surge again above $2,440 and $2,450.

The next key resistance is near the $2,500 level, above which ether price is likely to set a new all-time high in the coming days.

Downsides Limited in ETH?

If Ethereum fails to clear the $2,450 and $2,500 resistance levels, it could correct lower. An initial support on the downside is near the $2,380 level.

The first support is now forming near the $2,350 level. If ether fails to stay above the $2,350 support, it could test the 100 hourly simple moving average. Any more losses might call for a test of the $2,250 support.

Technical Indicators

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

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

Major Support Level – $2,350

Major Resistance Level – $2,450

Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400.

• Ethereum gained pace and it cleared the $2,300 resistance zone.
• The price is now trading well above $2,300 and the 100 hourly simple moving average.
• There was a break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is showing positive signs and it is likely to continue higher above $2,400.

Ethereum Price Is Gaining Pace

Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels.

There was a clear break above a crucial bearish trend line with resistance near $2,175 on the hourly chart of ETH/USD. It opened the doors for a steady increase above the $2,250 and $2,300 resistance levels.

Ether climbed above the 61.8% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. It is now trading well above $2,300 and the 100 hourly simple moving average. An immediate resistance is near the $2,350 level.

Source: ETHUSD on TradingView.com

The first key resistance is near the $2,370 level. It is near the 76.4% Fib retracement level of the key decline from the $2,500 swing high to $1,950 swing low. A clear upside break above the $2,350 and $2,370 levels could set the pace for a surge above the $2,400 level. In the stated case, ether price may easily revisit the $2,500 zone.

Downsides Limited in ETH?

If Ethereum fails to clear the $2,350 and $2,370 resistance levels, it could correct lower. An initial support on the downside is near the $2,300 zone.

The first support is now forming near the $2,250 level and the 100 hourly simple moving average. If ether fails to stay above the 100 hourly simple moving average, there is a risk of more downsides below the $2,200 support. The next major support below $2,200 sits near the $2,150 pivot level.

Technical Indicators

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

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

Major Support Level – $2,250

Major Resistance Level – $2,350

Ethereum failed to recover above the $2,300 resistance zone against the US Dollar. ETH price is moving lower and it is likely to accelerate lower below the $2,000 support.

• Ethereum failed to move above the $2,300 zone and started a fresh decline.
• The price is now trading well below $2,200 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $2,180 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to break the $2,000 support and continue lower in the near term.

Ethereum Price Is Declining

Ethereum started a short-term recovery wave above the $2,100 level. ETH broke the $2,200 resistance level, but the bulls struggled to gain strength, similar to bitcoin.

It faced a strong selling interest near the $2,280 and $2,300 levels. A high was formed near $2,281 before the price started a fresh decline. It broke the 50% Fib retracement level of the upward move from the $1,953 swing low to $2,281 high.

It is now trading well below $2,200 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $2,180 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

An immediate support is near the $2,040 level. It is near the 76.4% Fib retracement level of the upward move from the $1,953 swing low to $2,281 high. A downside break below the $2,040 level may possibly open the doors for more losses. The next major support is near the $2,000 level, below which the price could dive towards the $1,920 and $1,900 levels.

Upsides Limited in ETH?

If Ethereum stays above the $2,040 and $2,000 support levels, it could start a fresh increase. An initial resistance on the upside is near the $2,150 level.

The first major resistance is now forming near the trend line and $2,160. A clear break above the trend line resistance could lead the price towards the main $2,280 resistance and the 100 hourly simple moving average. Ether must settle above $2,280 and $2,300 to move back into a positive zone in the coming days.

Technical Indicators

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

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

Major Support Level – $2,040

Major Resistance Level – $2,160

Ethereum started a sharp downside correction below $2,400 and $2,300 against the US Dollar. ETH price is correcting losses, but it is likely to face sellers near $2,300.

• Ethereum declined heavily from well above $2,400 and tested the $2,000 zone.
• The price is now trading well below $2,300 and the 100 hourly simple moving average.
• There was a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to face a strong resistance near $2,300 and $2,320.

Ethereum Price Is Correcting Losses

Ethereum formed a short-term top near the $2,550 level and started a major decline. ETH traded below many important supports near the $2,400 and $2,300.

The price even declined below the $2,200 support and settled well below the 100 hourly simple moving average, similar to bitcoin. It even spiked below the $2,000 support and traded as low as $1,951. Recently, ether started a decent recovery and climbed above the $2,100 and $2,200 levels.

There was a break above the 50% Fib retracement level of the downward move from the $2,496 swing high to $1,951 low. There was also a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The pair is now consolidating near the $2,250 level. On the upside, there is a major resistance forming near the $2,300 level and the 100 hourly simple moving average. The 61.8% Fib retracement level of the downward move from the $2,496 swing high to $1,951 low is also near $2,288.

A successful close above the $2,300 level and the 100 hourly SMA is must to move back into a positive zone. The next major resistance sits near $2,350.

Fresh Decline in ETH?

If Ethereum fails to clear the $2,300 level and the 100 hourly SMA, there is a risk of a fresh decline. An initial support on the downside is near the $2,200 level.

The next major support is near the $2,175 level. A successful downside break below the $2,175 support zone could open the doors for a move towards the $2,100 support in the coming sessions.

Technical Indicators

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

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

Major Support Level – $2,200

Major Resistance Level – $2,300

Ethereum climbed further above the $2,500 level against the US Dollar. ETH price is correcting gains, but it is likely to remain stable near $2,350 and the 100 hourly SMA.

• Ethereum gained pace above $2,500 and it traded to a new all-time high near USD 2,548.
• The price is now trading well above $2,400 and the 100 hourly simple moving average.
• There is a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to resume its rise as long as it is above the $2,350 support zone.

Ethereum Price Is Correcting Gains

Ethereum followed a bullish path above the $2,400 level and extended its gains. ETH even broke the $2,500 level and traded to a new all-time high at $2,488.

Recently, there was a downside correction below the $2,500 level, similar to bitcoin. The bears were able to push the price below the $2,480 support level. The price even broke the 50% Fib retracement level of the upward wave from the $2,406 swing low to $2,548 high.

The price is now approaching the $2,420 support level. It is testing the 76.4% Fib retracement level of the upward wave from the $2,406 swing low to $2,548 high.

Source: ETHUSD on TradingView.com

There is also a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD. If there is a downside break below the channel support, the price could decline towards the $2,350 support. The 100 hourly simple moving average is also near the $2,350 level to provide support.

Any more losses might call for a move towards the $2,300 level in the near term. The next major support is near the $2,200 level (the last major breakout zone).

Fresh Increase in ETH?

If Ethereum stays above the channel support, it could start a fresh increase above $2,450. An initial resistance on the upside is near the $2,500 level.

A successful break above the $2,500 level could initiate a move towards the $2,550 level. Any more gains are likely to set the pace for a test of $2,600 or even $2,660 in the coming sessions.

Technical Indicators

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

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

Major Support Level – $2,350

Major Resistance Level – $2,500

Ethereum extended its rally to a new all-time high near $2,450 against the US Dollar. ETH price is now consolidating gains, with high chances of more gains above the $2,450 level.

• Ethereum traded above $2,400 and topped near the $2,450 level.
• The price is now trading well above $2,400 and the 100 hourly simple moving average.
• There is a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to continue higher towards the $2,480 and $2,500 levels in the near term.

Ethereum Price Is Holding Gains

Ethereum remains in a positive zone above the $2,300 level. ETH extended its rally above the $2,400 level, outperforming bitcoin in the short-term.

It traded to a new all-time high near the $2,450 level and settled well above the 100 hourly simple moving average. It is now correcting gains and trading just below $2,420. There was a test of the 23.6% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high.

Source: ETHUSD on TradingView.com

On the downside, there is a key support forming near the $2,400 level. The next major support is near the $2,375 level. There is also a major bullish trend line forming with support near $2,370 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the upward move from the $2,293 swing low to $2,450 high. On the upside, the $2,450 level is a major resistance zone. A successful close above the $2,450 level is likely to set the pace for a move towards the $2,500 level.

Dips Supported in ETH?

If Ethereum fails to clear the $2,450 resistance, it could correct lower. The first major support is now forming near the $2,400 level.

The main support is now near the $2,3750 level and the trend line zone. If ether fails to stay above the $2,375 support zone, it could continue to move down towards the $2,330 support zone. If the bulls fail to clear protect the $2,330 support could open the doors for a move towards the $2,320 support.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,375

Major Resistance Level – $2,450

Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels.

• Ethereum is gaining pace above the $2,200 and $2,250 resistance levels.
• The price is now trading well above $2,250 and the 100 hourly simple moving average.
• There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to continue higher towards the $2,400 and $2,420 levels in the near term.

Ethereum Price Is Gaining Pace

Ethereum started a strong increase after it broke the $2,200 resistance zone. ETH broke many hurdles near $2,220 and $2,250 to move into a positive zone.

There was a clear break above the $2,300 resistance levels. Moreover, there was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD. It is now trading well above the 1.236 Fib extension level of the downward move from the $2,200 swing high to $2,102 low.

Ether is now trading well above $2,250 and the 100 hourly simple moving average. It is showing a lot of positive signs above the $2,300 level, and it traded to a new all-time high, similar to bitcoin.

Source: ETHUSD on TradingView.com

It seems like the bulls are aiming a test of the $2,400 level. An intermediate resistance could be $2,355. It is near the 2.618 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Any more gains could open the doors for a push towards the $2,500 level in the near term.

Dips Limited in ETH?

If Ethereum fails to clear the $2,350 resistance, it could correct lower. The first major support is now forming near the $2,300 level or the broken triangle zone.

The main support is now near the $2,250 level. If ether fails to stay above the $2,250 support zone, it could continue to move down towards the $2,200 support zone. Any more losses might call for a test of the $2,180 support area and the 100 hourly simple moving average.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well above the 60 level.

Major Support Level – $2,300

Major Resistance Level – $2,400

Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200.

• Ethereum is trading in a positive zone above the $2,100 and $2,080 support levels.
• The price is now trading well above $2,100 and the 100 hourly simple moving average.
• There is a key bullish trend line forming with support near $2,125 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair remains well bid and it is likely to start a fresh rally above the $2,200 resistance.

Ethereum Price Is Holding Gains

Ethereum remained well offered near the $2,200 resistance zone. Recently, ETH failed to clear the $2,200 resistance, formed a high near $2,200, and corrected lower.

There was a drop below the $2,150 support level, but the price was well supported near the $2,100 level. A low was formed near $2,102 and the price is now moving higher. There was a break above the 50% Fib retracement level of the recent decline from the $2,200 high to $2,102 low.

Ether is now trading well above $2,100 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $2,125 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

On the upside, an immediate resistance is near the $2,175 level. It is near the 76.4% Fib retracement level of the recent decline from the $2,200 high to $2,102 low. The main hurdle is still near $2,200, above which the price is likely to start a strong rally. In the stated case, ether might jump 8%-10%.

Dips Limited in ETH?

If Ethereum fails to clear the $2,200 resistance, it could correct lower. The first major support is now forming near the $2,125 level, the 100 hourly SMA, and the trend line.

The main support is now near the $2,100 level. A clear downside break below the trend line support and the $2,100 zone could lead the price towards the $2,000 support level in the coming sessions. Any more losses will most likely call for a test of $1,940.

Technical Indicators

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

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

Major Support Level – $2,100

Major Resistance Level – $2,200

Ethereum extended its decline below the $2,000 support against the US Dollar. ETH price is now consolidating losses and it could start a fresh increase if it clears $2,010.

• Ethereum extended its decline below the $2,050 and $2,000 support levels.
• The price is now trading well below $2,050 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $2,065 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a decent increase if it clears the $2,010 resistance zone.

Ethereum Price Steadies Above $1,950

After another failure above $2,100, Ethereum started a downside correction. ETH traded below the $2,050 and $2,010 support levels. It even broke the $2,000 level and settled below the 100 hourly simple moving average, similar to bitcoin.

A low was formed near $1,937 before the price started a short-term upside correction. Ether climbed above the $1,960 and $1,975 levels. There was a break above the 23.6% Fib retracement level of the recent drop from the $2,132 high to $1,937 low.

It seems like the price is now forming a breakout pattern with resistance near $2,010. A clear break above the $2,010 resistance could lead the price towards the $2,035 level.

Source: ETHUSD on TradingView.com

The 50% Fib retracement level of the recent drop from the $2,132 high to $1,937 low is near $2,050 to act as a resistance. There is also a major bearish trend line forming with resistance near $2,065 on the hourly chart of ETH/USD.

To move into a bullish zone, ether price must break the $2,010 resistance and then gain strength for a move above the trend line resistance.

More Losses in ETH?

If Ethereum fails to clear the $2,010 resistance, it could correct further lower. The first major support is now forming near the $1,960 level and the triangle lower trend line.

The main support is now near the $1,940 level. A clear downside break below the triangle support and the $1,940 zone could lead the price towards the $1,880 support level in the coming sessions. Any more losses will most likely call for a test of $1,850.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now approaching the 50 level.

Major Support Level – $1,960

Major Resistance Level – $2,060

Ethereum corrected lower below $2,100 against the US Dollar, but stayed above $2,050. ETH price is likely to start a fresh increase as long as it is above the $2,000 support.

• Ethereum is showing signs of a fresh increase above $2,120 and $2,150.
• The price is now trading nicely above the $2,080 support and the 100 hourly simple moving average.
• There is a major contracting triangle forming with resistance near $2,120 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to continue higher above the $2,120 and $2,150 levels in the near term.

Ethereum Price Remains In Uptrend

After setting a new all-time high near $2,150, Ethereum started a downside correction. ETH traded below the $2,120 and $2,100 support levels.

However, the bulls were active near the $2,050 support zone and the 100 hourly simple moving average. A low was formed near $2,050 before the price climbed higher. The recent swing high was near $2,132 and the low was formed near $2,083.

Ether is now rising and trading above $2,100. There was a break above the 50% Fib retracement level of the recent decline from the $2,132 high to $2,083 low.

It seems like there is a major contracting triangle forming with resistance near $2,120 on the hourly chart of ETH/USD. The triangle resistance is close to the 61.8% Fib retracement level of the recent decline from the $2,132 high to $2,083 low.

Source: ETHUSD on TradingView.com

A successful break above the triangle resistance could open the doors for a fresh increase above $2,150. In the stated case, the price is likely to rally towards $2,200 or $2,250. The next key barrier for the bulls could be $2,320.

Downside Breaks in ETH?

If Ethereum fails to clear the $2,120 resistance, it could correct lower. The first major support is now forming near the $2,080 level and the triangle lower trend line.

The main support is still near the $2,050 level and the 100 hourly simple moving average. Any more losses might call for a test of the $2,000 support, below which the price might test the $1,920 level in the coming sessions.

Technical Indicators

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

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

Major Support Level – $2,050

Major Resistance Level – $2,120

Ethereum extended its rally and traded to a new all-time high at $2,150 against the US Dollar. ETH price is now consolidating gains and it is likely to rally above $2,200.

• Ethereum is trading nicely in a bullish zone above the $2,050 support.
• The price is now well above the $2,100 support and the 100 hourly simple moving average.
• There is a short-term rising channel forming with support near $2,100 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is likely to continue higher above the $2,150 and $2,180 levels in the near term.

Ethereum Price Is Gaining Momentum

In the past few sessions, Ethereum remained in a positive zone above the $2,000 support, similar bitcoin. ETH even broke the $2,100 level and traded to a new all-time high near $2,150.

During the increase, there was a break above a key bearish trend line with resistance near $2,060 on the hourly chart of ETH/USD. The price is now trading well above the $2,100 support and the 100 hourly simple moving average.

A high is formed near $2,150 and the price is consolidating gains. An initial support is near the $2,115 level. It is near the 23.6% Fib retracement level of the recent wave from the $2,004 swing low to $2,150 high.

Source: ETHUSD on TradingView.com

There is also a short-term rising channel forming with support near $2,100 on the same chart. It seems like there is a major support forming near the $2,080 level. It is close to the 50% Fib retracement level of the recent wave from the $2,004 swing low to $2,150 high.

On the upside, the $2,150 level is a short-term resistance. A clear break above the $2,150 high might open the doors for more gains above the $2,180 and $2,200 levels.

Dips Limited in ETH?

If Ethereum fails to clear the $2,150 resistance, it could correct lower. The first major support is now forming near the $2,080 level.

Any more losses might lead ether price towards the $2,040 level and the 100 hourly simple moving average. The next major buy zone for the bulls could be $2,000.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is well above the 50 level.

Major Support Level – $2,080

Major Resistance Level – $2,150