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 Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • 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 Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Ethereum Price Technical Analysis – ETH/USD Correction Underway

Aayush Jindal
Aayush Jindal
Last Updated: April 3, 2018 4:22 am
2 mins read
Ethereum Price Technical Analysis ETH USD

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

  • There were further gains in ETH price, as it moved above the $175 level against the US Dollar before starting a correction.
  • There was a break below a bullish trend line at $159 on the hourly chart (ETH/USD, data feed via SimpleFX).
  • The price is currently below the $158 resistance, and may extend the correction.

Ethereum price overcame sellers against the US Dollar and Bitcoin, and now ETH/USD is forming a short-term correction pattern below $158.

Ethereum Price Trend Line Break

Yesterday, I mentioned that ETH price remains bullish any may spike towards $160 or even $175 against the US Dollar. The price moved higher and traded above $175 to establish a new high at $182.03. Later, the price started a correction, and moved below the $165 support. To initiate the downside, there was a break below the 23.6% Fib retracement level of the last wave from the $122.35 low to $182.03 high.

However, the most important move was a break below a bullish trend line at $159 on the hourly chart of ETH/USD. The downside move was such that the price also broke the 50% Fib retracement level of the last wave from the $122.35 low to $182.03 high. It traded below $150 and formed a low at $136.43. The stated low represents the 76.4% Fib retracement level of the last wave from the $122.35 low to $182.03 high.

Ethereum Price Technical Analysis ETH USD

The price bounced back sharply, and currently above $145. There can be a few swing moves, but on the upside, there is a trend line resistance at $158. As long as the price is below $158-160, there can be another dip in the short term. On the downside, the $140 and $135 levels are decent supports.

Hourly MACD – The MACD has reduced all its bullish slope.

Hourly RSI – The RSI is just below the 50 level, and remains flat.

Major Support Level – $140.00

Major Resistance Level – $158.00

 

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

Crypto news

This Is The ‘Strangest’ Crypto Sell-Off Ever, Claims Arca CIO

Arca CIO Jeff Dorman calls the current market slide “one of the strangest crypto sell-offs ever,” arguing that price action...

Jake Simmons 1 hour ago
XRP Price Prediction: Surge to 1M Payments Fuels Attention on SUBBD Token.

XRP Price Prediction: Surge to 1M Payments Fuels Attention on SUBBD Token

What to Know: Over 1M XRP payments in a single day show how strong on-chain activity can grow even when...

Aaron Walker 1 hour ago
XRP

Brace For Impact: XRP Price Has Formed A Bullish Cross On Its Weekly Stochastic RSI

XRP price has formed a bullish cross on its weekly Stochastic RSI, creating a bullish sign for the cryptocurrency at...

Scott Matherson 2 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

XRP

Ripple Marks Another Milestone In Bid To Dominate Global Payments With XRP

Sandra White 12 minutes ago

비트코인 가격, 연준의 긴축 종료와 유동성 회복 기대… 비트코인 확장 기술 향한 자금 유입 가속

Soyeon Lee 23 minutes ago
ETF DOGE : une chute de 80 % des flux en une nuit, signal fort du marché.

ETF DOGE : une chute de 80 % des flux en une nuit

guillaumev 55 minutes ago

Premium Sponsors

Press Releases

  • ...

    4 minutes ago
  • リップル 今後:一晩で100万件の決済増加、XRP市場で何が起きているのか?

    リップル...

    22 minutes ago
  • 仮想通貨 プレセール:セイラー氏のビットコイン売却示唆で注目される有望案件とは

    仮想通貨...

    34 minutes ago
  • 仮想通貨 おすすめ:100%勝率のトレーダーが選んだ3つのロング銘柄とは

    仮想通貨...

    47 minutes ago
  • 新しい仮想通貨のプレセールが2,880万ドルを突破し、次々と節目を達成

    ...

    60 minutes 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.