Ethereum

Ethereum failed to clear the $3,650 resistance against the US Dollar. ETH price is moving lower and it might extend its decline below $3,450 in the near term. Ethereum struggled to gain strength above the $3,600 and $3,620 levels. The price is now trading below $3,550 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could slide towards $3,350 unless it breaks the $3,550 resistance zone. Ethereum Price Faces Hurdles Ethereum failed to settle above the $3,600 pivot level. ETH formed a high near $3,620 and started a downside correction. There was a break below the $3,550 support and the 100 hourly simple moving average. The price even broke the 50% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. Ether is now trading below the $3,520 level, and it is now consolidating near the $3,500 level. An initial support on the downside is near the $3,480 level. An immediate resistance on the upside is near the $3,635 level and the 100 hourly SMA. The first major resistance is near the $3,550 level. There is also a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The next major resistance is near the $3,560 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,620 level. The next key resistance might be $3,650. Dips Limited in ETH? If ethereum fails to continue higher above the $3,550 and $3,560 resistance levels, it could extend its decline. An initial support on the downside is near the $3,480 level. The first key support is now forming near the $3,450 level. It is near the 61.8% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. A downside break could lead the price towards the $3,400 support zone in the near term. Any more losses could push ether price towards the $3,375 support zone. The next key support could be $3,300. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,440 Major Resistance Level – $3,550

Ethereum extended its rally towards the $3,650 level against the US Dollar. ETH price is correcting gains, but dips are likely to remain limited below $3,500. Ethereum started a fresh increase above the $3,600 resistance level. The price is now trading above $3,500 and the 100 hourly simple moving average. There was a break below a contracting triangle with support near $3,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase as long as it is above the $3,500 level. Ethereum Price Remains Supported Ethereum remained in a positive zone above the $3,500 resistance zone. ETH was able to climb above the $3,600 level and the 100 hourly simple moving average. The price even spiked above the $3,600 level, but there was no upside continuation. Ether traded as high as $3,652 before it started a downside correction. There was a break below the $3,600 level. The price traded below the 23.6% Fib retracement level of the upward move from the $3,343 swing low to $3,652 high. There was also a break below a contracting triangle with support near $3,580 on the hourly chart of ETH/USD. The price is now consolidating near the $3,550 level. An immediate resistance on the upside is near the $3,580 level. The first major resistance is near the $3,600 level. Source: ETHUSD on TradingView.com The next major resistance is near the $3,650 level, above which the price might accelerate higher. In the stated case, the price may possibly rise towards the $3,700 level. The next key resistance could be $3,800. Any more gains could lead the price towards the $3,880 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,600 and $3,650 resistance levels, it could extend its decline. An initial support on the downside is near the $3,550 level. The first key support is now forming near the $3,500 level and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the $3,343 swing low to $3,652 high. Any more losses could lead ether price towards the $3,450 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly moving in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,500 Major Resistance Level – $3,650

Ethereum gained strength above $3,200 and $3,350 against the US Dollar. ETH price could start a fresh rally if it clears $3,450 and $3,500. Ethereum started a steady increase after it settled above the $3,200 level. The price is now trading above $3,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could might remain supported near the $3,300 and $3,250 levels. Ethereum Price Stuck Below Resistance Ethereum formed a base above the $3,000 level and started a fresh increase. ETH broke the $3,150 and $3,200 resistance levels to move into a positive zone. There was also a close above the $3,300 level and the 100 hourly simple moving average. The price traded as high as $3,489 and recently corrected lower, similar to bitcoin. Ether declined below the $3,400 support level. There was a break below the 23.6% Fib retracement level of the upward move from the $2,970 swing low to $3,489 high. There was a break below a key bullish trend line with support near $3,400 on the hourly chart of ETH/USD. It is now trading above the $3,320 support level. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,400 level. The first major resistance is near the $3,420 level. A break above the $3,420 level could start a steady increase. The next main resistance is near the $3,500 zone, above which the price might accelerate higher. Dips Limited in ETH? If ethereum fails to continue higher above the $3,420 and $3,500 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,300 level. The first key support is now forming near the $3,250 level and the 100 hourly simple moving average. If ether fails to stay above $3.250, it could test the $3,230. It is near the 50% Fib retracement level of the upward move from the $2,970 swing low to $3,489 high. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is just below the 50 level. Major Support Level – $3,250 Major Resistance Level – $3,420

Ethereum started a fresh increase from the $2,750-2,780 support zone against the US Dollar. ETH price could revisit the main $3,150 resistance zone in the near term. Ethereum started a fresh increase above $3,000 after testing the $2,780 zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise towards the main $3,150 and $3,165 resistance levels in the near term. Ethereum Price Gains Traction Ethereum remained strong near $2,780 and started a fresh increase, similar to bitcoin. ETH was able to clear the $2,880 and $2,950 resistance levels to enter a positive zone. There was a break above a key bearish trend line with resistance near $2,910 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the key decline from the $3,165 swing high to $2,788 low. Ether price is now trading above $3,000 and the 100 hourly simple moving average. It is consolidating near the $3,040 resistance level. The bears seem to be protecting the 61.8% Fib retracement level of the key decline from the $3,165 swing high to $2,788 low. Source: ETHUSD on TradingView.com The first major resistance is near the $3,075 level. The main resistance is still near the $3,150 and $3,165 levels. A break above $3,150 and $3,165 could start a steady increase. The next key resistance is near $3,200, above which the price might accelerate higher. Dips Limited in ETH? If ethereum fails to continue higher above the $3,050 and $3,075 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $2,975 level. The first key support is now forming near the $2,950 level and the 100 hourly simple moving average. If ether fails to stay above $2,950, there is a risk of a larger decline. In the stated case, the price might slide towards the $2,800 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is well above the 50 level. Major Support Level – $2,950 Major Resistance Level – $3,075  

Ethereum is consolidating gains near the $3,580 resistance zone against the US Dollar. ETH price could start a fresh rally if it clears the $600 level. Ethereum remained in a positive zone above the $3,500 and $3,550 resistance levels. The price is now trading above $3,520 and the 100 hourly simple moving average. There is a key breakout pattern forming with resistance near $3,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $580 and $600 levels in the near term. Ethereum Price is Eyeing More Gains Ethereum was able to settle above the main $3,500 resistance zone. ETH even extended its rise above the $3,600 level and settled well above the 100 hourly simple moving average. The price traded as high as $3,674 before there was a downside correction. Ether declined below the $3,600 and $3,550 support levels. However, downsides were limited below $3,500. A low was formed near $3,485 and the price is now rising. It cleared the $3,550 resistance level, and it is now trading above $3,520 and the 100 hourly simple moving average. The price is now testing the 50% Fib retracement level of the recent decline from the $3,674 high to $3,485 low. An immediate resistance on the upside is near the $3,580 level. There is also a key breakout pattern forming with resistance near $3,580 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The main resistance is near the $3,600. It is close to the 61.8% Fib retracement level of the recent decline from the $3,674 high to $3,485 low. A clear break and close above the $3,600 level could start another increase. The next major resistance sits near $3,675. Any more gains could set the pace for a move towards the $3,750 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,580 and $3,600 resistance levels, it could start another downside correction. An initial support on the downside is near the $3,540 level. The next major support seems to be forming near the $3,520 level and the triangle lower trend line. A downside break below the triangle support could lead ether towards the $3,450 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is still above the 50 level. Major Support Level – $3,520 Major Resistance Level – $3,600

Ethereum recovered above $3,400 and $3,500 against the US Dollar. ETH price is struggling near $3,600 and it might start a fresh decline. Ethereum recovered losses after a sharp decline to $2,900. The price is still trading well below $3,600 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline unless there is a clear break above $3,600. Ethereum Price is Facing Resistance Ethereum declined heavily below $3,500 and $3,200. ETH even broke the $3,000 support and settled below the 100 hourly simple moving average, similar to bitcoin. It traded as low as $2,900 before starting an upside correction. There was a break above the $3,300 and $3,400 resistance levels. The price even climbed above the $3,500 resistance zone. There was a break above a key bearish trend line with resistance near $3,500 on the hourly chart of ETH/USD. However, the bears seem to be defending the $3,600 zone. A high is formed near $3,561 and the price is slowly moving lower. Ether is now trading well below $3,600 and the 100 hourly simple moving average. There was also a break below the 23.6% Fib retracement level of the recent wave from the $3,218 swing low to $3,561 high. The price is now testing the same broke trend line at $3,440. An immediate resistance on the upside is near the $3,500 level. Source: ETHUSD on TradingView.com The first major resistance is near the $3,560 level. A proper move above the $3,560 level and $3,600 could increase the chances of a steady increase. The next major resistance sits near $3,680. More Losses in ETH? If ethereum fails to continue higher above the $3,500 and $3,560 resistance levels, it could start another downward move. An immediate support on the downside is near the $3,400 level. The next major support is now forming near the $3,380 zone. It is near the 50% Fib retracement level of the recent wave from the $3,218 swing low to $3,561 high. The main support is near $3,335, below which the price could test the $3,200 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,380 Major Resistance Level – $3,560

Ethereum failed to clear the $3,350 resistance and corrected lower against the US Dollar. ETH price is still above the 100 hourly SMA and it could rise again to $3,350. Ethereum seems to be facing a strong resistance near $3,350 and $3,380. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase as long as it is above the $3,150 support zone. Ethereum Price Rally Fades Ethereum made another attempt to gain strength above $3,300 and $3,320. However, ETH price failed to continue higher above $3,350 and started a fresh decline, similar to bitcoin. The price broke the $3,300 and $3,250 support levels. Ether traded below the 50% Fib retracement level of the upward move from the $3,142 swing low to $3,348 high. The price even spiked below the $3,200 support and the 100 hourly simple moving average, but the bulls were active. The price found support near the 61.8% Fib retracement level of the upward move from the $3,142 swing low to $3,348 high. There is also a crucial bullish trend line forming with support near $3,180 on the hourly chart of ETH/USD. It is now trading above $3,200 and the 100 hourly simple moving average. An immediate resistance is near the $3,250 level. The first key resistance is near the $3,285 level, above which the price could accelerate higher. Source: ETHUSD on TradingView.com The main resistance is now forming near the $3,350 level. A clear break above the $3,350 resistance might open the doors for a steady increase. In the stated case, ether may possibly rise towards the $3,420 level. Downside Break in ETH? If ethereum fails to continue higher above the $3,250 and $3,285 resistance levels, it could extend its decline. An immediate support on the downside is near the $3,200 level. The next major support is now forming near the $3,150 zone. A downside break below the $3,150 support zone could spark a sharp decline. In the stated scenario, ether price could revisit the $3,065 support region. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now just below the 50 level. Major Support Level – $3,150 Major Resistance Level – $3,285

Ethereum failed to clear the $3,200 resistance and declined further against the US Dollar. ETH price is now at a risk of more downsides below $3,050 and $3,000. Ethereum settled below the $3,200 pivot level and extended its decline. The price is now trading well below $3,200 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,155 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue lower if it fails to stay above the $3,050 support zone. Ethereum Price Slides Further Ethereum failed to settle above the $3,200 pivot level. ETH price started a fresh decline and broke the $3,150 support zone, similar to bitcoin. The price even broke the $3,120 support level and tested $3,060. It is now trading well below $3,200 and the 100 hourly simple moving average. Ether is now consolidating near the 23.6% Fib retracement level of the recent decline from the $3,249 swing high to $3,061 low. On the upside, the first key resistance is near the $3,120 level. The main resistance is now forming near the $3,150 level. There is also a key bearish trend line forming with resistance near $3,155 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the recent decline from the $3,249 swing high to $3,061 low. A clear break above the $3,150 resistance might open the doors for a steady increase. The next key resistance is now forming near the $3,200 level. Any more gains may possibly call for a move towards the $3,300 level. More Losses in ETH? If ethereum fails to continue higher above the $3,120 and $3,150 resistance levels, it could extend its decline. An immediate support on the downside is near the $3,080 level. The next major support is now forming near the $3,060 zone. A downside break below the $3,060 support zone could accelerate losses. The main support sits near the $3,000 level, below which the bulls could struggle in the coming days. The next key supports sits near the $2,880 and $2,850 levels. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is well below the 50 level. Major Support Level – $3,060 Major Resistance Level – $3,150

Ethereum extended its upward move above the $3,300 resistance against the US Dollar. ETH price is showing positive signs and it may even surpass $3,400. Ethereum started a fresh increase above the $3,250 and $3,300 resistance levels. The price is now trading above $3,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if there is a clear break above $3,350. Ethereum Price Breaks Key Resistance Ethereum remained well bid above the $3,000 support zone, similar to bitcoin near $45,000. ETH price formed a base above $3,050 and it started a fresh increase. There was a clear break above the $3,200 and $3,250 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $3,240 on the hourly chart of ETH/USD. The pair is now trading above $3,250 and the 100 hourly simple moving average. It traded above $3,300 and it is testing the 1.236 Fib extension level of the drop from the $3,312 swing high to $3,131 swing low. On the upside, an initial resistance is near the $3,355 level. Source: ETHUSD on TradingView.com A clear break above $3,355 might call for more gains. The first key resistance is now forming near the $3,260 level. It is close to the 1.618 Fib extension level of the drop from the $3,312 swing high to $3,131 swing low. Any more gains may possibly call for a move towards the $3,500 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,355 and $3,360 resistance levels, it could start a fresh downside correction. An immediate support on the downside is near the $3,300 level. The key support is now forming near the $3,250 zone and the broken trend line. A downside break below the $3,250 support zone could push the price towards the 100 hourly simple moving average. The next major support could be $3,200, below which the bears might aim a retest of $3,120 in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 60 level. Major Support Level – $3,250 Major Resistance Level – $3,420

Ethereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950. Ethereum struggled to recover above the $3,120 and $3,125 resistance levels. The price is now trading below $3,080 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,950 low. Ethereum Price Remains At Risk Ethereum started an upside correction from the $2,950 low, similar to bitcoin. ETH price surpassed the $3,000 and $3,050 resistance levels. There was a break above the 23.6% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. Ether even spiked above the $3,100 level, but there was no upside continuation above the $3,120 resistance level (the last key breakdown zone). The price also remained well below $3,150 and the 100 hourly simple moving average. It seems like ether was rejected near the 50% Fib retracement level of the key drop from the $3,280 swing high to $2,950 low. There is also a major bearish trend line forming with resistance near $3,150 on the hourly chart of ETH/USD. It is now moving lower and trading below the $3,000 support. On the upside, an initial resistance is near the $3,025 level. Source: ETHUSD on TradingView.com The first key resistance is now forming near the $3,080 level. The main resistance is still near the $3,120 level. A clear break and close above the $3,120 zone might start a fresh increase. In the stated scenario, the price might recover towards the $3,200 resistance. More Losses in ETH? If ethereum fails to continue higher above the $3,080 and $3,120 resistance levels, it could extend its decline. An immediate support on the downside is near the $2,950 level. A downside break below the $2,950 support zone could spark a sharp decline in the near term. The next major support could be $2,880, below which the bears might aim a test of the $2,600 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 40 level. Major Support Level – $2,950 Major Resistance Level – $3,120

Ethereum is holding gains above the $3,000 support zone against the US Dollar. ETH price is now facing resistance near the $3,150 and $3,180 levels. Ethereum started a downside correction after it failed to stay above $3,200. The price is now recovering above $3,100 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline unless it surpasses the main $3,180 resistance zone. Ethereum Price is Facing Hurdles Ethereum struggled to stay above the $3,200 zone and started a fresh decline, similar to bitcoin. ETH price broke the $3,180 support level and the 100 hourly simple moving average to move into a short-term bearish zone. The price even broke the $3,100 level and spiked below the $3,000 level. A low was formed near $2,980 before the price started a decent recovery. It climbed above the $3,050 resistance level and reclaimed the 100 hourly simple moving average. There was a break above the 23.6% Fib retracement level of the recent decline from the $3,280 high to $2,980 low. However, ether price is now facing a strong resistance near the $3,150 level. There is also a major bearish trend line forming with resistance near $3,140 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $3,280 high to $2,980 low. The main resistance is now forming near the $3,180 level. Source: ETHUSD on TradingView.com A clear break and close above the $3,150 and $3,180 resistance levels might start a fresh increase. The next key resistance might be near the $3,250 level, above which the price might rise towards the $3,350 resistance. Fresh Drop in ETH? If ethereum fails to continue higher above the $3,150 and $3,180 resistance levels, it could start another decline. An immediate support on the downside is near the $3,080 level. The first key support is near the $3,020 level. The main support is now forming near $3,000. A downside break below the $3,000 support zone could spark a sharp decline. The next major support could be $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone. Hourly RSI – The RSI for ETH/USD is back above the 50 level. Major Support Level – $3,000 Major Resistance Level – $3,180

Ethereum is holding gains above the $3,000 pivot zone against the US Dollar. ETH price is likely to accelerate higher if there is a clear break above the $3,200 resistance zone. Ethereum is trading nicely above the $3,000 and $3,050 support levels. The price is now trading above $3,100 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume its rally once it clears the $3,200 resistance zone. Ethereum Price Eyes Upside Break Ethereum corrected lower, but the bulls were active above the $3,000 support zone. It climbed higher above the $3,150 level and it even spiked above the $3,200 barrier. The price traded as high as $3,233, but there was no close above $3,200. The price is now consolidating gains below the $3,200 level, similar to bitcoin. There was a break below the 23.6% Fib retracement level of the recent upward move from the $2,890 swing low to $3,233 high. However, ETH is still trading well above the $3,100 level and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD. The trend line coincides with the 50% Fib retracement level of the recent upward move from the $2,890 swing low to $3,233 high. On the upside, an immediate resistance is near the $3,200 level. The next key resistance is near the $3,230 level. Source: ETHUSD on TradingView.com A clear break and close above the $3,200 and $3,230 resistance levels might start another increase. In the stated case, the price could test $3,350. The next key resistance might be near the $3,500 level. Dips Supported in ETH? If ethereum fails to continue higher above the $3,200 and $3,230 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,120 level. The next major support is near the $3,100 level. The main support is now forming near $3,060 and the 100 hourly SMA. Any more losses could lead the price towards the $3,000 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is still above the 50 level. Major Support Level – $3,060 Major Resistance Level – $3,200