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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Ethereum Price Analysis: ETH/USD’s Recovery Won’t Be Easy

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis ethereum

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 slowly recovering, but there are many hurdles on the upside near $224-225 against the US Dollar.
  • There is a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must stay above the $213 and $210 levels to recover further towards the $224 level.

Ethereum price is struggling to gain traction against the US Dollar and bitcoin. ETH/USD is likely to face a strong selling interest near the $224 level.

Ethereum Price Analysis

Recently, we saw a decent buying interest near the $204 level in ETH price against the US Dollar. The ETH/USD pair started an upward recovery and moved above the $210 level. There was also a break above the 23.6% Fib retracement level of the recent slide from the $245 high to $204 swing low. However, the upside move was capped by the $222-224 zone and the 100 hourly simple moving average.

The price is currently under pressure below $224 and the 100 hourly SMA, and is testing the previous resistance at $213. There is also a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD. As long as the pair is above the channel support, there could be more gains above the $220 level. However, the $224 level is a significant resistance. It coincides with the 50% Fib retracement level of the recent slide from the $245 high to $204 swing low. Above the $224 level, there is a bearish trend line in place with resistance at $232 on the same chart.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is clearly struggling to gain bullish momentum above $220 and 100 SMA. On the downside, a break below the channel support may push the price towards $204.

Hourly MACD – The MACD is slightly placed in the bearish zone.

Hourly RSI – The RSI is currently positioned with a flat structure above the 50 level.

Major Support Level – $213

Major Resistance Level – $224

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

Bitcoin, btc

Bitcoin Attempts $111,000 Reclaim, But Last Leg Up Could Be Weeks Away – Analyst

Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether...

Rubmar Garcia 1 hour ago
비트코인 고래, 대규모 ETH 매수…이더리움 가격 상승 신호?

비트코인 고래, 대규모 ETH 매수…이더리움 가격 상승 신호?

한 암호화폐 큰 손, 일명 고래 투자자가 약 4억3,500만 달러 규모의 비트코인($BTC)을 매도하고, 9만 6,000개 이상의 이더리움($ETH)을 매입한 것으로 확인됐다. 온...

Soyeon Lee 1 hour ago
Ethereum Price Faces Tough Road

Ethereum Price Faces Tough Road – Is a Big Breakout Still Possible?

Ethereum price started a fresh decline below the $4,500 zone. ETH is now attempting a recovery and might face hurdles...

Aayush Jindal 7 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 koers, ethereum daalt, eth koers, altcoins, crypto crash, bear market

Ethereum verkoopdruk bereikt $1,2 mld – signaleert verkoop volume een bear market?

Lars Diederiksen Just now
SPX6900 „giminaitis“ TOKEN6900 šiandien debiutuoja biržose – ar laukia 100x šuolis?

SPX6900 „giminaitis“ TOKEN6900 šiandien debiutuoja biržose – ar laukia 100x šuolis?

Tomas Jankūnas Just now
Ethereum Price Pulls Back Again

Ethereum price Crash To $4,081: Why The Bears Are In Charge

Scott Matherson 20 minutes ago

Premium Sponsors

Press Releases

  • Top ICO Crypto Tháng 9 – Meme Coin Tiềm Năng Để...

    12 minutes ago
  • Presale Bitcoin Hyper

    Bitcoin Hyper Dẫn Đầu Các Đồng Coin Tiềm Năng...

    22 minutes ago
  • Các Đồng Coin Tiềm Năng

    3 Altcoin Bùng Nổ Mùa Này – Cronos, Bitcoin Hyper...

    27 minutes ago
  • Transformarea a 750 USD în 1.500.000 USD: În 2021 a fost Shiba Inu, în 2023 a fost Pepe Coin – care va fi următorul token de un cent?

    Transformarea a 750 USD în 1.500.000 USD: În 2021 a fost...

    43 minutes ago
  • 12億ドルの売り越し、市場は調整局面に突入か?

    イーサリアム...

    13 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.