NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Ethereum Price Technical Analysis – Trend Line Resistance Holding

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Ethereum Price Technical Analysis

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Key Highlights

  • ETH price continued to challenge an important resistance area against the US Dollar, but failed to break it.
  • There is a bearish trend line as highlighted yesterday on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a resistance.
  • The pair is slowly stabilizing, and may attempt another break of the trend line resistance.

Ethereum price is currently trading below a resistance trend line and struggling to break it. If the ETH bulls succeed, it may call for an upside move.

Ethereum Price Hurdle

Ethereum price remained above a major support area against the US Dollar, and was seen trading in a range for most of the time. The ETH bulls attempted to take the price higher on a couple of occasions, but failed to take it above the $11.92 level. The most important hurdle on the upside for the buyers is around yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD. It is acting as a monster resistance and preventing an upside move.

Moreover, the 61.8% Fib retracement level of the last drop from the $12.22 high to $11.46 low also acted as a resistance and stopped the upside move. The price is currently above the 100 hourly simple moving average, but it lacks momentum. I think the price may gain pace if there is a break above the highlighted trend line resistance.

Ethereum Price Technical Analysis

A break may clear the path for a move towards the $12.10 level at least. We need to see how long the price can stay below the trend line resistance. We must not forget that if the buyers continue to struggle, there can be a downside reaction as well.

Hourly MACD – The MACD is currently in the bullish zone, but there is no momentum.

Hourly RSI – The RSI is also above the 50 level, but heading south.

Major Support Level – $11.65

Major Resistance Level – $11.95

 

Charts courtesy – SimpleFX

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is 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.

Related News

Ethereum Foundation’s PSE Rebrands & Emphasizes End-to-End Privacy – Best Wallet Enhances Crypto User Control

Ethereum Foundation’s PSE Rebrands & Emphasizes End-to-End Privacy – Best Wallet Enhances Crypto User Control

The Ethereum Foundation’s Privacy and Scaling Explorations team has rebranded as Privacy Stewards of Ethereum (PSE). Such a name change...

Aaron Walker 1 hour ago
Bitcoin weekend takeaways as Bitcoin Hyper might be best altcoin

The Latest Developments That Could Turn Bitcoin Bullish and Fuel Bitcoin Hyper’s $16M Presale

Bitcoin distribution via miners takes a step back, Japan lowers Bitcoin taxes, Cameron Winklevoss believes in a 10x Bitcoin, while...

Aaron Walker 3 hours ago
WLFI augimas ir Snorter Bot Token artėja prie $4 mln.

WLFI augimas ir Snorter Bot Token artėja prie $4 mln.

Kriptovaliutų rinka ir toliau demonstruoja stiprumą, o tokie projektai kaip World Liberty Financial (WLFI) ir Snorter Bot Token išsiskiria savo...

Tomas Jankūnas 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

DeFi is de belangrijkste trend in crypto in 2025 - wordt Pendle het epicentrum?

DeFi is de belangrijkste trend in crypto in 2025 – wordt Pendle het epicentrum?

Lars Diederiksen 36 minutes ago

Noile tendințe din piața crypto: Unde se îndreaptă investitorii acum?

antonio 1 hour ago
Dogecoin

Dogecoin Pulls Back But Ichimoku Alignment Signals Strength; See Why

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • Pozoruhodné altcoiny a „vysoko výnosné akcie“, které přitahují velryby

    5 Criptomonede de Urmărit în Noiembrie pentru o Posibilă...

    8 minutes ago
  • 6 odabranih altcoina s očekivanim rastom u prosincu

    6 odabranih altcoina s očekivanim rastom u prosincu

    14 minutes ago
  • ドージコイン 今後の展望:DOJE ETF始動とCleanCoreのトレジャリー戦略

    ドージコイン 今後の展望:DOJE...

    1 hour ago
  • リップル 今後の価格予測:XRPが3.15ドルを突破し、3.66ドル再テストへ

    リップル...

    2 hours ago
  • 7 алтернативни криптовалути с очакван ръст през октомври

    7 алтернативни криптовалути с...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is 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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.