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  • Ethereum Price $2,200 Collapse Raises Risk Of A Sub-$2K Spike

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    Ethereum price started a major decline after it failed to clear $2,500. ETH is down 20% and is now struggling to stay above the $2,200 support.

    • Ethereum failed to stay above $2,550 and started a fresh decline.
    • The price is trading below $2,400 and the 100-hourly Simple Moving Average.
    • There is a major bearish trend line forming with resistance at $2,415 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could start a fresh increase if it stays above the $2,200 zone.

    Ethereum Price Dips 20%

    Ethereum price failed to remain stable above $2,550 and started a major decline, like Bitcoin. ETH price traded below $2,400 to enter a bearish zone.

    The bears even pushed the price below $2,250. A low was formed at $2,220 and the price is now showing bearish signs below the 23.6% Fib retracement level of the recent decline from the $3,040 swing high to the $2,220 low. There is also a steep bearish trend line forming with resistance at $2,415 on the hourly chart of ETH/USD.

    Ethereum price is now trading below $2,350 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,200, the price could attempt another increase. Immediate resistance is seen near the $2,350 level. The first key resistance is near the $2,420 level and the trend line.

    Source: ETHUSD on TradingView.com

    The next major resistance is near the $2,500 level. A clear move above the $2,500 resistance might send the price toward the $2,620 resistance or the 50% Fib retracement level of the recent decline from the $3,040 swing high to the $2,220 low. An upside break above the $2,620 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the near term.

    More Losses In ETH?

    If Ethereum fails to clear the $2,420 resistance, it could start a fresh decline. Initial support on the downside is near the $2,220 level. The first major support sits near the $2,200 zone.

    A clear move below the $2,200 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 region. The main support could be $2,000.

    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 – $2,200

    Major Resistance Level – $2,420

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    Aayush Jindal

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  • Ethereum Price Targets Break Above $3K, Bulls Smell Opportunity

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    Ethereum price started a decent upward move above $2,900. ETH is now showing positive signs and might eye more gains above $3,000.

    • Ethereum started a recovery wave above the $2,920 zone.
    • The price is trading above $2,950 and the 100-hourly Simple Moving Average.
    • There is a bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it settles above the $3,000 zone.

    Ethereum Price Eyes More Gains

    Ethereum price managed to stay above the $2,880 pivot level and started a recovery wave, like Bitcoin. ETH price climbed above the $2,920 resistance to enter a positive zone.

    The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $3,075 swing high to the $2,888 low. Besides, there is a bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD.

    Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If the bulls are able to protect more losses below $2,950, the price could continue to move up.

    Source: ETHUSD on TradingView.com

    Immediate resistance is seen near the $3,000 level and the 61.8% Fib retracement level of the downward move from the $3,075 swing high to the $2,888 low. The first key resistance is near the $3,030 level. The next major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,000 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 $2,920 zone. A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,720.

    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 – $2,950

    Major Resistance Level – $3,000

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    Aayush Jindal

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  • Ethereum Price Prepares for Upside Move—Is the Rally About to Return?

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    Ethereum price started a fresh increase above $3,150. ETH is now consolidating and might soon aim for a clear upside break above $3,350.

    • Ethereum started a downside correction from the $3,450 zone.
    • The price is trading above $3,200 and the 100-hourly Simple Moving Average.
    • There is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it settles below the $3,150 zone.

    Ethereum Price Holds Support

    Ethereum price managed to stay above $3,150 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,300 and $3,320 resistance levels.

    The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a move below $3,250, and the price even spiked below the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low.

    However, the bulls were active near $3,150. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. Besides, there is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    If there is another upward move, the price could face resistance near the $3,290 level. The next key resistance is near the $3,320 level. The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 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.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,320 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone.

    A clear move below the $3,150 support might push the price toward the $3,040 support. Any more losses might send the price toward the $3,020 region. The next key support sits at $3,000.

    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 – $3,180

    Major Resistance Level – $3,350

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    Aayush Jindal

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  • Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

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    Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, retesting the $3,000 barrier once again. As we approach the end of November, some market observers have suggested that the end-of-year rally may still be possible in the coming weeks.

    Related Reading

    Ethereum Eyes $3,000 Ahead Of Key Upgrade

    On Wednesday, Ethereum experienced a 4.4% daily surge, retesting the $3,000 level for the first time in nearly a week. The cryptocurrency has been trading within the $2,680-$2,980 price range amid the latest market-wide correction, which also saw Bitcoin (BTC) lose some crucial support levels.

    At the start of the week, the King of Altcoins broke above the $2,900 area, attempting to retest the next key resistance over the past two days but ultimately failing to reclaim it. Analyst Ted Pillows highlighted this performance, noting that ETH “tapped the $2,950-$3,000 zone again and got rejected.”

    Per the post, until Ethereum successfully reclaims this level, “the chances of a new low are high.” On the contrary, if the cryptocurrency breaks above this zone with strong volume in the coming days, investors could “expect a rally towards the $3,400 level.”

    The analyst also suggested that the altcoin could see a remarkable recovery rally next week, driven by the upcoming Fusaka upgrade. As he explained, ETH soared around 50% after the network’s Pectra upgrade in May.

    As reported by NewsBTC, the upgrade introduced a series of improvements to increase transaction capacity, enhance efficiency, and reduce system stress. Following the implementation, the cryptocurrency rallied from the $1,800 level to the $2,700 area in a week, which was later followed by an 80% jump in Q3 to its latest all-time high (ATH) of $4,946.

    Now, the Fusaka upgrade is the network’s biggest update since The Merge and is expected to come on December 3, “to relieve one of the network’s most pressing bottlenecks: data availability for rollups,” VanEck explained in October.

    Based on this, Ted Pillows suggested that if ETH repeats its post-Pectra performance with the new upgrade, the altcoin’s price could soar above the $4,000 resistance in the next few weeks.

    End-Of-Year Rally Underway?

    Market watcher Merlijn The Trader also suggested that Ethereum could see another leg up soon, as it is “repeating a textbook wave structure” it has printed multiple times since hitting the bear market bottom in mid-2022.

    “Wave 1: Kicked off the cycle. Wave 2: Is shaking weak hands. wave 3: Where parabolas form,” the trader explained on X, noting that ETH could be ending its corrective move and potentially see another rally in the coming weeks.

    “This pattern printed 3 times before. Each time, ETH went vertical. Now it’s flashing again,” he stated. Similarly, Michaël van de Poppe highlighted Ethereum’s trading pair against Bitcoin, affirming that investors should keep an eye on the chart.

    Notably, ETH is retesting a multi-month downtrend line resistance against BTC, and could “see a strong breakout upwards in the coming weeks.” “This cycle is far from over,” van de Poppe added.

    Related Reading

    Meanwhile, Rekt Capital noted that Ethereum Dominance continues to occupy an area that served as a consolidation zone before the 2021 rally. “As long as ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time,” the analyst concluded.

    As of this writing, ETH trades at $3,023, a 2% increase in the weekly timeframe.

    ETH’s performance on the one-week chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Ethereum Rebounds Modestly While Bulls Struggle Against Overhead Resistance

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    Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now attempting to recover but faces resistance near $3,150.

    • Ethereum started a fresh decline after it failed to stay above $3,150.
    • The price is trading below $3,120 and the 100-hourly Simple Moving Average.
    • There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it settles below the $3,065 zone.

    Ethereum Price Attempts Recovery

    Ethereum price failed to continue higher above $3,200 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and entered a bearish zone.

    The decline gathered pace below $3,050 and the price dipped below $3,000. A low was formed at $2,941 and the price is now correcting some losses. There was a move above the 50% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low.

    Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,150 level and the 76.4% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    The next key resistance is near the $3,220 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.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,065 level. The first major support sits near the $3,020 zone.

    A clear move below the $3,020 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,880 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 bearish zone.

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

    Major Support Level – $3,065

    Major Resistance Level – $3,150

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    Aayush Jindal

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  • Ethereum Weakens Again, Bulls Unable to Spark Meaningful Recovery

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    Ethereum price started a fresh decline from $3,480. ETH is struggling to recover and is now at risk of another decline below $3,250.

    • Ethereum started another bearish wave after it settled below $3,450.
    • The price is trading below $3,400 and the 100-hourly Simple Moving Average.
    • There is a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it trades below $3,250.

    Ethereum Price Dips Again

    Ethereum price failed to stay in a positive zone and started a fresh decline from $3,480, like Bitcoin. ETH price declined below $3,420 and $3,400.

    It seems like the bears defended the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. There is also a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD.

    Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,350 level. The next key resistance is near the $3,380 level and the trend line.

    The first major resistance is near the $3,480 level. A clear move above the $3,480 resistance might send the price toward the $3,580 resistance and the 61.8% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low.

    Source: ETHUSD on TradingView.com

    An upside break above the $3,580 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,675 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level. The first major support sits near the $3,220 zone.

    A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000.

    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 – $3,250

    Major Resistance Level – $3,380

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    Aayush Jindal

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  • Ethereum Supported On Dips — Buyers Build Strength For Next Leg Higher

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    Ethereum price started a decent increase above $4,000. ETH is consolidating gains and could aim for more gains above the $4,220 resistance.

    • Ethereum started a fresh upward move above $4,000 and $4,120.
    • The price is trading above $4,080 and the 100-hourly Simple Moving Average.
    • There is a bullish trend line forming with support at $4,055 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it trades above $4,200.

    Ethereum Price Holds Gains

    Ethereum price started a steady upward move above the $3,880 zone, like Bitcoin. ETH price surpassed the $4,000 and $4,120 levels to enter a short-term positive zone.

    The price even spiked above $4,200. A high was formed at $4,252 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent wave from the $3,708 swing low to the $4,252 high.

    Ethereum price is now trading above $4,080 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $4,055 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    On the upside, the price could face resistance near the $4,180 level. The next key resistance is near the $4,200 level. The first major resistance is near the $4,250 level. A clear move above the $4,250 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,480 resistance zone or even $4,500 in the near term.

    Another Pullback In ETH?

    If Ethereum fails to clear the $4,200 resistance, it could start a fresh decline. Initial support on the downside is near the $4,080 level. The first major support sits near the $4,050 zone and the trend line.

    A clear move below the $4,050 support might push the price toward the $3,980 support or the 50% Fib retracement level of the recent wave from the $3,708 swing low to the $4,252 high. Any more losses might send the price toward the $3,840 region in the near term. The next key support sits at $3,780.

    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 – $4,050

    Major Resistance Level – $4,200

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    Aayush Jindal

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  • Ethereum Moves Higher — Buyers Strengthen Grip Amid Renewed Market Optimism

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    Ethereum price started a recovery wave above $4,000. ETH is moving higher but faces a couple of key hurdles near $4,220 and $4,250.

    • Ethereum started a fresh recovery above $4,000 and $4,120.
    • The price is trading above $4,120 and the 100-hourly Simple Moving Average.
    • There is a bullish trend line forming with support at $4,050 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it trades above $4,220.

    Ethereum Price Eyes Steady Gains

    Ethereum price started a minor recovery wave above the $3,880 zone, like Bitcoin. ETH price surpassed the $4,000 and $4,050 levels to enter a short-term positive zone.

    The price even spiked above $4,220. A high was formed at $4,225 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the recent increase from the $3,708 swing low to the $4,225 high.

    Ethereum price is now trading above $4,150 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $4,050 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,250 level. The first major resistance is near the $4,320 level. A clear move above the $4,320 resistance might send the price toward the $4,450 resistance. An upside break above the $4,450 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $4,220 resistance, it could start a fresh decline. Initial support on the downside is near the $4,150 level. The first major support sits near the $4,120 zone.

    A clear move below the $4,120 support might push the price toward the $4,050 support. Any more losses might send the price toward the $4,000 region in the near term. The next key support sits at $3,880.

    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 – $4,120

    Major Resistance Level – $4,220

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    Aayush Jindal

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  • Ethereum Price Reaches Resistance — Breakout Could Signal Fresh Upside Leg

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    Ethereum price started a recovery wave above $3,880. ETH is now rising and might aim for more gains if it clears the $4,050 resistance.

    • Ethereum started a fresh recovery above $3,800 and $3,880.
    • The price is trading above $3,920 and the 100-hourly Simple Moving Average.
    • There was a break above a key bearish trend line with resistance at $3,940 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it trades above $4,050.

    Ethereum Price Rises Again

    Ethereum price struggled to settle above $4,050 and corrected most gains, like Bitcoin. ETH price declined below the $4,000 and $3,800 levels.

    It even tested the $3,680 zone. A low was formed at $3,677 and the price is now correcting losses. There was a decent move above the 50% Fib retracement level of the recent decline from the $4,292 swing high to the $3,677 low.

    Besides, there was a break above a key bearish trend line with resistance at $3,940 on the hourly chart of ETH/USD. Ethereum price is now trading above $3,920 and the 100-hourly Simple Moving Average.

    On the upside, the price could face resistance near the $4,050 level and the 61.8% Fib retracement level of the recent decline from the $4,292 swing high to the $3,677 low. The next key resistance is near the $4,120 level. The first major resistance is near the $4,220 level.

    Source: ETHUSD on TradingView.com

    A clear move above the $4,220 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,440 resistance zone or even $4,500 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,940 level. The first major support sits near the $3,880 zone.

    A clear move below the $3,880 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,680 region in the near term. The next key support sits at $3,620.

    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 – $3,880

    Major Resistance Level – $4,050

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    Aayush Jindal

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  • Ethereum Surges Past $4,100 – Are Bulls Ready For The Next Big Leg?

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    Ethereum price started a fresh recovery above $4,000. ETH is now showing positive signs but faces a major resistance near the $4,250 level.

    • Ethereum started a recovery wave above the $4,000 and $4,100 levels.
    • The price is trading above $4,150 and the 100-hourly Simple Moving Average.
    • There was a break above a key bearish trend line with resistance at $4,100 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it trades above $4,250.

    Ethereum Price Starts Recovery

    Ethereum price started a recovery wave after a massive selloff below $3,800, like Bitcoin. ETH price formed a base and was able to recover above the $4,000 level.

    The price cleared the 50% Fib retracement level of the sharp decline from the $4,758 swing high to the $3,423 low. Besides, there was a break above a key bearish trend line with resistance at $4,100 on the hourly chart of ETH/USD.

    Ethereum price is now trading above $4,150 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,200 level. The next key resistance is near the $4,250 level and the 61.8% Fib retracement level of the sharp decline from the $4,758 swing high to the $3,423 low.

    Source: ETHUSD on TradingView.com

    The first major resistance is near the $4,320 level. A clear move above the $4,320 resistance might send the price toward the $4,400 resistance. An upside break above the $4,400 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $4,250 resistance, it could start a fresh decline. Initial support on the downside is near the $4,120 level. The first major support sits near the $4,100 zone.

    A clear move below the $4,100 support might push the price toward the $4,020 support. Any more losses might send the price toward the $3,950 region in the near term. The next key support sits at $3,880.

    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 – $4,020

    Major Resistance Level – $4,250

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    Aayush Jindal

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  • Ethereum Loses Ground – Further Dips Could Expose Price To Key Support Zone

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    Ethereum price started a fresh decline below $4,600 and $4,500. ETH is now moving lower and might extend losses below $4,250 in the short term.

    • Ethereum started a downside correction below $4,550 and $4,500.
    • The price is trading below $4,450 and the 100-hourly Simple Moving Average.
    • There is a key bearish trend line forming with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move down if it trades below $4,250.

    Ethereum Price Dips Further

    Ethereum price failed to stay above $4,550 and started a fresh decline, like Bitcoin. ETH price dipped below the $4,500 and $4,450 levels to enter a bearish zone.

    The price tested the $4,270 zone. A low was formed at $4,270 and the price is now consolidating losses. There was a minor recovery wave toward the 23.6% Fib retracement level of the recent decline from the $4,760 swing high to the $4,270 low.

    However, the bears are active near the $4,380 level. Besides, there is a key bearish trend line forming with resistance at $4,385 on the hourly chart of ETH/USD.

    Ethereum price is now trading below $4,450 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,385 level and the trend line. The next key resistance is near the $4,450 level.

    Source: ETHUSD on TradingView.com

    The first major resistance is near the $4,510 level or the 50% Fib retracement level of the recent decline from the $4,760 swing high to the $4,270 low. A clear move above the $4,510 resistance might send the price toward the $4,570 resistance. An upside break above the $4,570 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,640 resistance zone or even $4,720 in the near term.

    More Losses In ETH?

    If Ethereum fails to clear the $4,450 resistance, it could start a fresh decline. Initial support on the downside is near the $4,320 level. The first major support sits near the $4,270 zone.

    A clear move below the $4,270 support might push the price toward the $4,250 support. Any more losses might send the price toward the $4,150 region in the near term. The next key support sits at $4,120.

    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 – $4,320

    Major Resistance Level – $4,450

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    Aayush Jindal

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  • Ethereum Shows Strength – Traders Eye Breakout That Could Trigger Bigger Gains

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    Ethereum price started a recovery wave above $4,150. ETH is now consolidating and might aim for more gains if it clears the $4,220 resistance.

    • Ethereum remained stable above $4,020 and started a recovery wave.
    • The price is trading above $4,150 and the 100-hourly Simple Moving Average.
    • There is a connecting bullish trend line forming with support at $4,100 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to move up if it settles above $4,220 and $4,250.

    Ethereum Price Eyes More Gains

    Ethereum price remained supported above the $4,020 level and started a recovery wave, like Bitcoin. ETH price was able to recover above the $4,050 and $4,120 resistance levels.

    There was a clear move above the 61.8% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The bulls even pushed the price above $4,200. Besides, there is a connecting bullish trend line forming with support at $4,100 on the hourly chart of ETH/USD.

    Ethereum price is now trading above $4,150 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low.

    Source: ETHUSD on TradingView.com

    On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,250 level. The first major resistance is near the $4,275 level. A clear move above the $4,275 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term.

    Pullback In ETH?

    If Ethereum fails to clear the $4,250 resistance, it could start a fresh decline. Initial support on the downside is near the $4,150 level. The first major support sits near the $4,100 zone and the trend line.

    A clear move below the $4,100 support might push the price toward the $4,050 support. Any more losses might send the price toward the $4,000 region in the near term. The next key support sits at $3,880.

    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 – $4,100

    Major Resistance Level – $4,250

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    Aayush Jindal

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  • Ethereum Faces Resistance Wall – Could Market Be Preparing for Another Decline?

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    Ethereum price started a fresh decline below $4,220. ETH is now consolidating and might decline further if it breaks the $4,125 support zone.

    • Ethereum failed to extend gains and declined below the $4,200 zone.
    • The price is trading below $4,220 and the 100-hourly Simple Moving Average.
    • There is a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could start a fresh increase if it settles above $4,280 and $4,320.

    Ethereum Price Is Now At Risk

    Ethereum price failed to continue higher above the $4,500 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,420 and $4,350 support levels.

    The bears even pushed the price below $4,200. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low.

    Ethereum price is now trading below $4,220 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,280 level.

    The first major resistance is near the $4,315 level and the 50% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. A clear move above the $4,315 resistance might send the price toward the $4,370 resistance. There is also a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD.

    Source: ETHUSD on TradingView.com

    An upside break above the $4,370 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term.

    Another Decline In ETH?

    If Ethereum fails to clear the $4,215 resistance, it could start a fresh decline. Initial support on the downside is near the $4,125 level. The first major support sits near the $4,050 zone.

    A clear move below the $4,050 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,880 region in the near term. The next key support sits at $3,750.

    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 – $4,125

    Major Resistance Level – $4,320

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    Aayush Jindal

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  • Ethereum Daily Chart Turns Green As ETHBTC Prepares For Lift-Off

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    In a recent post on X, crypto analyst CRYPTOWZRD shared a bullish daily technical outlook for Ethereum (ETH), highlighting a strong close that suggests further upward movement is likely. The analyst’s primary expectation is for more gains to follow as the ETH/BTC pair begins to surge. This key relationship is a central focus for the analyst, as a strong performance from Ethereum against BTC often signals a broader bullish period for ETH itself.

    ETH And ETHBTC Daily Candles Flash Strong Bullish Close

    Giving a detailed market update, CRYPTOWZRD highlighted that both Ethereum’s daily candle and the ETHBTC pair closed strongly bullish. ETHBTC’s surge occurred as Bitcoin’s dominance weakened, providing altcoins with room to build momentum. This shift marked a significant move for Ethereum, reflecting renewed strength in the broader market structure.

    According to his analysis, ETHBTC successfully broke out of its daily falling wedge pattern, a move that often signals the start of a bullish reversal. Ethereum mirrored this strength, pushing higher alongside the breakout, which further reinforced optimism among traders who have been watching closely for signs of sustained upside momentum.

    Examining key levels, CRYPTOWZRD highlighted that $5,000 remains the primary daily resistance for Ethereum. A decisive break above this threshold could ignite an impulsive rally, potentially driving ETH toward the $5,780 resistance zone or even higher. On the downside, $4,000 is seen as the critical daily support, providing a safety net for bulls should price action cool off in the short term.

    Despite the strong outlook, he noted that his primary focus will stay on the lower time frame chart formations for tomorrow, as these provide opportunities for quick scalps and short-term trades. However, with the weekend approaching, CRYPTOWZRD is maintaining a rational stance.

    Volatility Offers Both Risk And Opportunity In The Current Setup

    Crypto analyst CRYPTOWZRD has stated that the intraday chart for Ethereum is showing significant volatility, with more expected in the near term. This high level of fluctuation is something he is prepared for and is a normal part of the market as it searches for a new direction.

    In the meantime, CRYPTOWZRD has outlined two potential scenarios. If BTC’s price pulls back toward the $4,500 level, it will then show a clear bullish reversal. Another scenario would be if Ethereum holds strong and breaks above the $4,765 resistance, it would signal a new upward leg.

    Ultimately, the analyst advises exercising patience and waiting for the market to present a clear, healthy trade setup. This cautious approach acknowledges the current volatility, and the market’s next move will dictate the next best opportunity.

    Ethereum

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    Godspower Owie

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  • Ethereum Price Grinds Lower: Is the Bullish Momentum Fading?

    Ethereum Price Grinds Lower: Is the Bullish Momentum Fading?

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    Ethereum price extended its decline below the $2,450 level. ETH is now consolidating and might struggle to recover above the $2,425 level.

    • Ethereum declined further and traded below the $2,400 zone.
    • The price is trading below $2,420 and the 100-hourly Simple Moving Average.
    • There is a connecting bearish trend line forming with resistance at $2,425 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair must stay above the $2,350 support to start a fresh increase in the near term.

    Ethereum Price Holds Support

    Ethereum price remained in a bearish zone and extended losses below the $2,550 level. ETH traded below the $2,450 support to enter a bearish zone like Bitcoin. There was also a move below the $2,400 level.

    A low was formed near $2,352 and the price is now consolidating losses. There was a minor increase above the $2,365 level. The price is still below the 23.6% Fib retracement level of the downward move from the $2,655 swing high to the $2,352 low.

    Ethereum price is now trading below $2,420 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,420 level. There is also a connecting bearish trend line forming with resistance at $2,425 on the hourly chart of ETH/USD.

    The first major resistance is near the $2,500 level or the 50% Fib retracement level of the downward move from the $2,655 swing high to the $2,352 low. The next key resistance is near $2,535.

    Source: ETHUSD on TradingView.com

    An upside break above the $2,535 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,650 resistance zone in the near term. The next hurdle sits near the $2,680 level or $2,665.

    More Losses In ETH?

    If Ethereum fails to clear the $2,420 resistance, it could continue to move down. Initial support on the downside is near the $2,350 level. The first major support sits near the $2,320 zone.

    A clear move below the $2,320 support might push the price toward $2,250. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,120.

    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 – $2,350

    Major Resistance Level – $2,420

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    Aayush Jindal

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  • Ethereum Price Nosedives Over 5%, Pressure Mounts on Bulls

    Ethereum Price Nosedives Over 5%, Pressure Mounts on Bulls

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    Este artículo también está disponible en español.

    Ethereum price is down over 5% and trading below $2,350l. ETH is signaling an increase in selling pressure and might drop to $2,120.

    • Ethereum started another decline after it failed to clear $2,450.
    • The price is trading below $2,320 and the 100-hourly Simple Moving Average.
    • There was a break below a key bullish trend line with support at $2,400 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair must clear the $2,320 resistance to start a recovery wave in the near term.

    Ethereum Price Dips Again

    Ethereum price failed to clear the $2,450 resistance and started another decline like Bitcoin. ETH declined more than BTC and broke key supports at $2,400.

    There was a break below a key bullish trend line with support at $2,400 on the hourly chart of ETH/USD. The pair is down over 5% and there was a move below the $2,320 support zone. A low is formed at $2,253 and the price is now consolidating losses.

    Ethereum price is now trading below $2,320 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,300 level or the 23.6% Fib retracement level of the downward move from the $2,465 swing high to the $2,253 low.

    Source: ETHUSD on TradingView.com

    The first major resistance is near the $2,320 level. A close above the $2,320 level might send Ether toward the $2,360 resistance. The next key resistance is near $2,385 or the 61.8% Fib retracement level of the downward move from the $2,465 swing high to the $2,253 low. An upside break above the $2,385 resistance might call for more gains toward the $2,450 resistance zone in the near term.

    More Downsides In ETH?

    If Ethereum fails to clear the $2,320 resistance, it could start another decline in the near term. Initial support on the downside is near $2,250. The first major support sits near the $2,200 zone.

    A clear move below the $2,200 support might push the price toward $2,150. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050.

    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 – $2,250

    Major Resistance Level – $2,320

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    Aayush Jindal

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  • Ethereum Faces $3,500 Hurdle: What’s Next for the Altcoin Giant?

    Ethereum Faces $3,500 Hurdle: What’s Next for the Altcoin Giant?

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    Ethereum price remained stable above the $3,400 resistance zone. ETH again tested $3,500 and seems to be struggling to continue higher.

    • Ethereum is holding gains and struggling near the $3,500 zone.
    • The price is trading above $3,400 and the 100-hourly Simple Moving Average.
    • There is a key bullish trend line forming with support at $3,350 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to rise if it clears the $3,500 and $3,550 resistance levels.

    Ethereum Price Faces Key Hurdle, Can It Continue Higher?

    Ethereum price remained in a bullish zone above the $3,350 resistance zone. ETH even climbed above the $3,400 resistance to move further into a positive zone. However, the price seems to be facing strong resistance near the $3,500 zone, unlike Bitcoin which surpassed $65,000.

    A high was formed at $3,515 and the price is now consolidating gains. The price corrected a few points and tested the 23.6% Fib retracement level of the upward wave from the $3,350 swing low to the $3,515 high.

    Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,350 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $3,500 level.

    The first major resistance is near the $3,520 level. The next major hurdle is near the $3,550 level. A close above the $3,550 level might send Ether toward the $3,650 resistance.

    Source: ETHUSD on TradingView.com

    The next key resistance is near $3,740. An upside break above the $3,740 resistance might send the price higher toward the $3,800 resistance zone in the coming days.

    Are Dips Supported In ETH?

    If Ethereum fails to clear the $3,500 resistance, it could start a downside correction. Initial support on the downside is near $3,420 and the 61.8%  Fib retracement level of the upward wave from the $3,350 swing low to the $3,515 high.

    The first major support sits near the $3,350 zone and the trend line. A clear move below the $3,350 support might push the price toward $3,320. Any more losses might send the price toward the $3,250 support level in the near term. The next key support sits at $3,220.

    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 above the 50 zone.

    Major Support Level – $3,350

    Major Resistance Level – $3,500

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    Aayush Jindal

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  • Ethereum Price Pulls Back from Resistance: Will the Bulls Stage a Comeback?

    Ethereum Price Pulls Back from Resistance: Will the Bulls Stage a Comeback?

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    Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720.

    • Ethereum started a pullback after it failed to clear the $3,880 resistance.
    • The price is trading below $3,840 and the 100-hourly Simple Moving Average.
    • There was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could start a fresh upward move unless there is a close below the $3,720 support.

    Ethereum Price Dips Again

    Ethereum price extended its increase above the $3,840 resistance zone. However, ETH struggled to clear the $3,885 level and started a downside correction like Bitcoin.

    There was a decline below the $3,840 support level. Besides, there was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD. The pair declined below the 50% Fib retracement level of the upward wave from the $3,730 swing low to the $3,885 high.

    Ethereum is now trading below $3,840 and the 100-hourly Simple Moving Average. However, the bulls are active near the 61.8% Fib retracement level of the upward wave from the $3,730 swing low to the $3,885 high.

    If there is another increase, ETH might face resistance near the $3,810 level. The first major resistance is near the $3,840 level. An upside break above the $3,840 resistance might send the price higher. The next key resistance sits at $3,920, above which the price might gain traction and rise toward the $4,000 level.

    Source: ETHUSD on TradingView.com

    If the bulls push Ether above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,200 resistance zone.

    More Losses In ETH?

    If Ethereum fails to clear the $3,840 resistance, it could continue to move down. Initial support on the downside is near $3,765. The next major support is near the $3,750 zone.

    The main support sits at $3,720. A clear move below the $3,720 support might push the price toward $3,650. Any more losses might send the price toward the $3,550 level in the near term.

    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 – $3,765

    Major Resistance Level – $3,840

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    Aayush Jindal

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  • Ethereum Price Could Regain Strength If It Clears This Key Hurdle

    Ethereum Price Could Regain Strength If It Clears This Key Hurdle

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    Ethereum price is attempting a fresh increase wave above the $3,400 zone. ETH must clear the $3,580 resistance to continue higher in the near term.

    • Ethereum is holding gains above the $3,250 support zone.
    • The price is trading above $3,400 and the 100-hourly Simple Moving Average.
    • There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could continue to rise if it settles above the $3,500 resistance zone.

    Ethereum Price Eyes Fresh Increase

    Ethereum price remained stable above the $3,250 support zone. ETH formed a base and started a fresh increase above the $3,350 resistance level, like Bitcoin.

    ETH climbed above the $3,400 resistance zone. There was a move above the 50% Fib retracement level of the downward move from the $3,587 swing high to the $3,250 low. There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD.

    Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $3,500 level. It is near the 76.4% Fib retracement level of the downward move from the $3,587 swing high to the $3,250 low.

    Source: ETHUSD on TradingView.com

    The first major resistance is near the $3,550 level. The next key resistance sits at $3,580, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,720 level. If there is a move above the $3,720 resistance, Ethereum could even climb toward the $3,880 resistance. Any more gains might call for a test of $4,000.

    Another Decline In ETH?

    If Ethereum fails to clear the $3,500 resistance, it could start another decline. Initial support on the downside is near the $3,400 level.

    The first major support is near the $3,250 zone. The next key support could be the $3,060 zone. A clear move below the $3,060 support might send the price toward $3,000. Any more losses might send the price toward the $2,880 level.

    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 level.

    Major Support Level – $3,400

    Major Resistance Level – $3,580

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Aayush Jindal

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  • Ethereum Price Dips Attractive As Bulls Aim For Move Above $4,200

    Ethereum Price Dips Attractive As Bulls Aim For Move Above $4,200

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    Ethereum price is consolidating near the $4,000 zone. ETH is again moving higher as the bulls seem to be aiming for a move above the $4,200 level.

    • Ethereum traded to a new multi-month high above $4,080 before correcting lower.
    • The price is trading above $4,000 and the 100-hourly Simple Moving Average.
    • There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could resume its increase if it clears the $4,085 resistance zone.

    Ethereum Price Regains Strength

    Ethereum price spiked above the $4,000 resistance zone, like Bitcoin. ETH traded to a new multi-month high above $4,050 before there was a downside correction.

    The price declined below the $4,000 level, but the bulls were active near the $3,850 zone. A low was formed at $3,830 and the price is now rising. There was a move above the $4,000 resistance. The price cleared the 50% Fib retracement level of the recent decline from the $4,088 swing high to the $3,830 low.

    Ethereum price is now trading above $4,000 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH/USD.

    It is now showing positive signs above the 76.4% Fib retracement level of the recent decline from the $4,088 swing high to the $3,830 low. If the pair stays above the $4,020 level, it could attempt another increase. Immediate resistance on the upside is near the $4,085 level.

    Source: ETHUSD on TradingView.com

    The first major resistance is near the $4,120 level. The next major resistance is near $4,150, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $4,280 level. If there is a move above the $4,280 resistance, Ethereum could even rise toward the $4,350 resistance. Any more gains might call for a test of $4,500.

    Are Dips Limited In ETH?

    If Ethereum fails to clear the $4,085 resistance, it could start a downside correction. Initial support on the downside is near the $4,020 level.

    The first major support is near the $3,965 zone or 100 hourly SMA. The next key support could be the $3,880 zone. A clear move below the $3,880 support might send the price toward $3,830. Any more losses might send the price toward the $3,740 level.

    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 level.

    Major Support Level – $3,965

    Major Resistance Level – $4,085

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Aayush Jindal

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