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 Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000
  • 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 Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000

Ethereum Price Technical Analysis 2017-10-16

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:19 pm
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

  • ETH price is trading higher and is currently attempting a break above $346 against the US Dollar.
  • There is a new connecting bullish trend line forming with support at $336 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price might attempt an upside break towards $352 in the near term.

Ethereum price is gaining strong bids against the US Dollar and Bitcoin. ETH/USD might soon break $346 for a move towards $352 or higher.

Ethereum Price Resistance

The past few days were pretty decent for ETH price since it moved above $330 against the US Dollar. The price recently attempted a break above $345-346, but failed. There were 2-3 attempts already, but buyers were not able to push the price above $346. They are once again attempting a break above $346 and it seems like they would succeed sooner or later.

On the downside, there is a new connecting bullish trend line forming with support at $336 on the hourly chart of ETH/USD. There is a chance of a minor dip in ETH towards the trend line support at $336-335 before a break. Once there is a break of $346, the pair could test $352. The mentioned $352 resistance is the 1.236 extension of the last decline from the $346.05 high to $317.51 low. Above $352, the next resistance could be $363. It is the 1.618 extension of the last decline from the $346.05 high to $317.51 low.

Ethereum Price Technical Analysis ETH USD

Overall, the market sentiment is super positive for ETH/USD above $330. There are strong chances of an upside break above $346 in the near term. Once there is a break, the price could spike higher by $10 or more. On the downside, the 100 hourly SMA at $326 is also a strong support.

Hourly MACD – The MACD is now back in the bullish zone.

Hourly RSI – The RSI has moved back above the 60 level.

Major Support Level – $330

Major Resistance Level – $346

 

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

Grayscale lance gSOL à New York : l’ETF Solana rejoint la vague d’ETF crypto

Déferlante ETF Solana : Grayscale liste gSOL à New York

Solana change d’échelle. Grayscale vient de lister son Grayscale Solana Trust ETF, ticker GSOL, sur le NYSE Arca,. Il presente...

evanss 3 hours ago
XRP

Analyst Predicts XRP Price Will Decouple From Bitcoin, Here’s What Would Happen

Crypto analyst Arthur has predicted that the XRP price is preparing to decouple from Bitcoin (BTC). For years, XRP’s price...

Scott Matherson 4 hours ago
AI, AI tokens, FET, crypto, web3

Web3 Verifiable Settlement Protocol To Bring ‘Internet-Speed’ Payments With New Upgrade

Pi Squared has announced the launch of its Devnet 2.0 to bring “internet-speed payments” to Web3 and advance its goal...

Rubmar Garcia 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

Ethereum

Ethereum Adoption Accelerates: UBS Powers Live Fund Transactions On-Chain — What This Means

Godspower Owie 29 minutes ago
Dogecoin

Here’s Why Dogecoin And Shiba Inu Prices Are Crashing, Is A Recovery Possible?

Scott Matherson 1 hour ago
Bitcoin

Bitcoin ETF Fever Spreads: BlackRock Targets Australian Market Next

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • ChatGPT Predicts the Next 1000x Crypto

    ChatGPT Dự Đoán Đồng Crypto Có Tiềm Năng Tăng...

    7 hours ago
  • Đồng Crypto Có Tiềm Năng Tăng 1000x Tiếp Theo Khi...

    7 hours ago
  • ドージコイン 今後:ビットコイン以上に急落、それでも今が買いの好機となる可能性

    ドージコイン...

    7 hours ago
  • ChatGPT finds an unknown x1000 crypt

    ChatGPT Dự Đoán Giá Bitcoin, XRP Và Ethereum Vào...

    7 hours ago
  • Meme Coin Tiềm Năng 2025 – Bitcoin Hyper (HYPER)...

    8 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.