Ethereum Price Weekly Analysis: Can ETH Bulls Keep Uptrend Going?

[anthon.stephens]

https://www.newsbtc.com/wp-content/uploads/2019/03/Ethereum-29.png

ETH price rallied in the past few days and broke the $139 and $144 resistances against the US Dollar.
The price is currently correcting lower, but it could find a strong support near the $139 zone.
There is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair remains in an uptrend as long as there is no daily close below the $139 support zone.

Ethereum price is placed in a solid uptrend versus the US Dollar and Bitcoin. ETH/USD could test the $139 support area before it starts a fresh bullish wave above $144.

Ethereum Price Analysis

This past week, ETH price formed a solid support base near the $137 level against the US Dollar. The ETH/USD pair started a solid upside move and traded above the $139 and $142 resistance levels. There was a successful close above the $139 level and the 100 simple moving average (4-hours). It cleared the path for more gains and the price traded above the $144 resistance area. It traded close to the $146 resistance level and later started a substantial downside correction.

The price traded below the $142 level and the 50% Fib retracement level of the last wave from the $137 low to $145 swing high. However, the price found a strong buying interest above the key $139 support area. Moreover, there is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD. The 61.8% Fib retracement level of the last wave from the $137 low to $145 swing high also acted as a support. The price recovered, but the $142 area is acting as a hurdle.

It seems like there could be another dip in ETH price below the $140 level. However, the $139 support zone is likely to act as a crucial buy zone. As long as there is no daily close below the $139 level, the price is likely to bounce back in the near term.

Ethereum Price Analysis ETH Chart

The above chart indicates that ETH price is clearly placed in an uptrend, but bulls need to prevent the $139 support area. On the upside, a break above the $142 and $144 levels is needed for more gains. The next key resistance is near $146, above which the price is likely to test the $150 resistance level.


Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly moving in the bearish zone, with a few negative signs.

4 hours RSI – The RSI for ETH/USD is currently correcting lower from the 75 level and it could test 55.

Major Support Level – $139

Major Resistance Level – $144

 

[redsun114]

The price of eth will follow the uptrend in the market and not just because of an event on it's blockchain, we all know that this is the year for us to see a bull run in the price of bitcoin, this bull run will also affect ethereum and the top 50 coins in the market because whales don't actually care about the real life value of a coin but just look for ways to make quick profit from the market taking advantage of the bull run going on in the market.

[Horas1976]

Eth's trend is still increasing and this is a movement that can provide a good response in the future. Certainly, optimism is still there and Eth remains the second coin in crypto and investor confidence continues to increase.

[anthon.stephens]

Ethereum (ETH) Price Hesitates But Further Gains Seem Likely

https://www.newsbtc.com/wp-content/uploads/2019/04/Ethereum-7.png

ETH price traded to a new 2019 high near $188 and recently corrected lower against the US Dollar.
The price corrected below the $180 level and tested the key $174-175 support area.
There is a major bullish trend line in place with support at $174 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains supported on dips and it is likely to test the $188 or even $190 level in the near term.
Ethereum price remained well bid on the downside versus the US Dollar and bitcoin. ETH corrected lower recently, but it found a strong support near the $174-175 area.

Ethereum Price Analysis

Yesterday, we saw a fresh increase above the $180 resistance in Ethereum price against the US Dollar. The ETH/USD pair traded above the $185 level and tested the $188 level. The pair struggled to retain the bullish momentum and later corrected below the $185 level. There was a break below the $180 level and the 50% Fib retracement level of the last wave from the $165 low to $188 high. There was even a spike below the $175 level, but the $174 level acted as a strong support.

Besides, the 61.8% Fib retracement level of the last wave from the $165 low to $188 high acted as a support. The price bounced back and traded above the $176 and $178 levels. It even spiked above the $180 level, but the $183 level prevented gains. It seems like there is a connecting bearish trend line in place with resistance near $182 on the hourly chart of ETH/USD, which is acting as a hurdle. A clear break above the trend line and $184 might open the doors for more gains.

The next key resistance is near the $188 level, above which the price is likely to test the $190 level. On the downside, there is a strong support formed near $174 and $175. There is also a major bullish trend line in place with support at $174 on the same chart. The trend line support near $174 also coincides with the 100 hourly simple moving average.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price seems to be trading above a couple of important supports near $174. As long as the price stay above $174 and the 100 hourly SMA, it is likely to bounce back towards $184 and $188. There are even chances of a break above the $190 level.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is about to move back into the bullish zone.
Hourly RSI – The RSI for ETH/USD declined recently and tested the key 50 level.
Major Support Level – $174
Major Resistance Level – $182

[Malsetid]

The price of eth will follow the uptrend in the market and not just because of an event on it's blockchain, we all know that this is the year for us to see a bull run in the price of bitcoin, this bull run will also affect ethereum and the top 50 coins in the market because whales don't actually care about the real life value of a coin but just look for ways to make quick profit from the market taking advantage of the bull run going on in the market.

Lol. But you got a point there bro. It's possible that whales are making all these splashes to keep everybody excited and then just like before, take profit until the market goes down again. Though things may still change of course. Currently, as you've said, eth is following the trend of btc but on a more active level. Hooefully this continues since we've had bear effects for a long time.

[anthon.stephens]

Ethereum (ETH) Price Fails Again Near $176, Should U Buy?

https://www.newsbtc.com/wp-content/uploads/2019/04/Ethereum-20.png


ETH price struggled once again to gain strength above the $176 resistance against the US Dollar.
The price declined sharply and broke the $172 and $170 support levels.
There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could bounce back above $172 as long as it is trading above the $166 support area.
Ethereum price failed to break important resistances versus the US Dollar and bitcoin. ETH declined sharply, but the bulls might protected the key $166 and $165 support levels.

Ethereum Price Analysis

Yesterday, we saw a fresh increase in Ethereum price above the $172 resistance against the US Dollar. The ETH/USD pair even settled above the $172 level and the 100 hourly simple moving average. There was a fresh rally in bitcoin price above $5,500, which pushed ETH price above the $175 level. However, the bulls failed to gain strength above the key $176 and $177 resistance levels. A swing high was formed near $177 and later the price started a sharp decline.

It broke the $174, $172 and $170 support levels to move back in a bearish zone. There was also a close below the $172 pivot level and the 100 hourly SMA. The price traded close to the $166 support level and a swing low was formed near $167. At the outset, the price is consolidating losses near $167 and it is testing the 23.6% Fib retracement level of the recent slide from the $177 swing high to $167 swing low. It seems like the price might correct in the short term towards $170 or $172.

Having said that, a close above the $172 level and the 100 hourly SMA is must for a decent upward move. The 50% Fib retracement level of the recent slide from the $177 swing high to $167 swing low is also near $172. If there is a close above $172, the price may revisit the $176 and $177 resistances. If not, the price might test the $166 or $165 support level in the near term.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price clearly trimmed most its gains and broke the key $172 and $170 supports. If sellers remain in action, there are chances of a downside extension below the $165 support. As long as the price is above $165, the bulls might attempt to push the price above $172.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is currently heavily in the bearish zone, with negative signs.
Hourly RSI – The RSI for ETH/USD declined heavily below 50 and it is currently near the 27 level.
Major Support Level – $166 
Major Resistance Level – $172 

[xenomorphe1]

Altcoins now have a big sell pressure. They are all bleeding. I suppose it is because a lot of people don't want to miss an uptrend of BTC?
But if BTC fall more, they might return at their bottom price.

[RaimondRandom]

It's strange that ETH didn't rise with BTC..

[RaimondRandom]

Or do whales pump BTC only because they don't have money for other coins?

[Red-Apple]

It's strange that ETH didn't rise with BTC..

it would have been strange if it did rise with bitcoin because it would have been the first time in the 10 year history of this whole market that an altcoin rises when bitcoin rises!!!
in other words when ETH (like other altcoins) got dumped during bitcoin rise, that was the most natural move that everyone was expecting.

[jvdp]

It's strange that ETH didn't rise with BTC..

it would have been strange if it did rise with bitcoin because it would have been the first time in the 10 year history of this whole market that an altcoin rises when bitcoin rises!!!
in other words when ETH (like other altcoins) got dumped during bitcoin rise, that was the most natural move that everyone was expecting.

After 1 year and more now bitcoin and ethereum value fluctuate at the different percentage level. I believe this is the perfect time to invest on bitcoin or other cryptocurrenceis. Ethereum may be able to grow to 500 to 1000USD before this year ends.
what is the reason for that dump we are facing now.
I completely understand the problems but the marketplace growth is relay on each we will not be able to blame anyone.

[DeepChipolino]

It's strange that ETH didn't rise with BTC..

it would have been strange if it did rise with bitcoin because it would have been the first time in the 10 year history of this whole market that an altcoin rises when bitcoin rises!!!
in other words when ETH (like other altcoins) got dumped during bitcoin rise, that was the most natural move that everyone was expecting.

But ethereum, a special altcoin. It can a separate line of behavior. It would be nice if the growth of Bitcoin was accompanied by the growth of ether to BTC. This is possible by dumping tokens to ethereum, like dumping other altcoins into bitcoin.

[anthon.stephens]

Ethereum (ETH) Price Larger Dip Underway: Bulls Losing Grip

https://www.newsbtc.com/wp-content/uploads/2019/04/Ethereum-23.png

ETH price declined heavily this past week and broke the $166 and $160 supports against the US Dollar.
The price even broke the $155 support level and traded close to the $146 level.
There is a crucial bearish trend line formed with resistance at $172 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair could correct higher in the short term, but it is likely to face sellers near $160 or $162.
Ethereum price declined below important support levels versus the US Dollar and bitcoin. ETH is currently correcting higher, but it is likely to struggle near $160, $162 and $165.

Ethereum Price Weekly Analysis

This past week, Ethereum price started a major downward move below the $170 support against the US Dollar. The ETH/USD pair traded below the $166 and $160 support levels to enter a bearish zone. Besides, there was a close below the $160 level and the 100 simple moving average (4-hours). Finally, the price even broke the $155 support levels and spiked below $150. A new weekly low was formed just above $146 and the price recently corrected higher.

There was a break above $152 and the 23.6% Fib retracement level of the last decline from the $172 high to $146 swing low. The pair seems to be following a short term ascending channel with support at $153 on the 4-hours chart of ETH/USD. On the upside, there are many hurdles for the bulls near the $160 level. Above $160, the next key resistance is near $162 and the 100 simple moving average (4-hours). The 50% Fib retracement level of the last decline from the $172 high to $146 swing low is also near $162.

More importantly, there is a crucial bearish trend line formed with resistance at $172 on the same chart. Therefore, if the price corrects higher, sellers are likely to protect the $160 or $162 resistance level. Only a close above $170 and the 100 simple moving average (4-hours) could open the doors for more gains. On the downside, a break below the $152 and $150 support could restart downtrend.

Ethereum Price Weekly Analysis ETH Chart

The above chart indicates that Ethereum is trading heavily below the $160 support. It is likely to remain in a bearish zone and sellers may enjoy recoveries near $160 and $162. On the downside, a daily close below $150 might start an extended decline towards the $142 and $134 levels in the near term.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is currently struggling in the bullish zone.
4 hours RSI – The RSI for ETH/USD is currently moving higher, but it is well below the 50 level.
Major Support Level – $150
Major Resistance Level – $162

[Red-Apple]

It's strange that ETH didn't rise with BTC..

it would have been strange if it did rise with bitcoin because it would have been the first time in the 10 year history of this whole market that an altcoin rises when bitcoin rises!!!
in other words when ETH (like other altcoins) got dumped during bitcoin rise, that was the most natural move that everyone was expecting.

But ethereum, a special altcoin. It can a separate line of behavior. It would be nice if the growth of Bitcoin was accompanied by the growth of ether to BTC. This is possible by dumping tokens to ethereum, like dumping other altcoins into bitcoin.

a lot of things would have been nice to happen but they are not happening.

ethereum is going to have increasingly difficult time to rise because of two major downsides that it has. the first is its unlimited supply which has caused a huge inflation pushing its price down over long term and second is the fact that the only reason it went up in first place was hype and the ICO hype. and they both are dead now.

[playboy654]

In recent times the development is little bit suddenly especially when change this is happening suddenly the draught is also happening show the next month will be more developed than the drop

[Yaunfitda]

It looks like $200 is a big psychological barrier for ETH, similar to $6k at the moment for bitcoin. However, the difference is that bitcoin has a lot of support, while ETH is based on projects and ICO's successes. That's why during the mid 2018, lots of project failed, causing them to dump their ETH as a result the price keeps failing until it reaches it's lowest at around $80.

It's interesting to see how ETH will fair in a bull run though maybe in the next 2 years. Will investors still shell out their money again? Or ICO craze is already dead that ETH will have a hard time even reaching 4 digits again?

[Oceat]

I remember when ETH was struggling to break the three digits barrier but when Bitcoin starts to grow, it looks like ETH was starting to break the hard barrier of three digits and now it is trying to break the new resistance of $200. If the bull run of Bitcoin starts to set in then most altcoin will probably going to follow.

[livingfree]

I remember when ETH was struggling to break the three digits barrier but when Bitcoin starts to grow, it looks like ETH was starting to break the hard barrier of three digits and now it is trying to break the new resistance of $200. If the bull run of Bitcoin starts to set in then most altcoin will probably going to follow.

Trying hard to get through $200 but it looks starting to follow the bitcoin madness again. The correlation of altcoins including ethereum and others to bitcoins move has been normal but sometimes has their own move. But at the very end, they still follow the footsteps on where the king is going.

Like now, bitcoin starts to drop a bit, eth and the rest are also doing the same.