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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Price Analysis: ETH In Trouble, Risk of Breakdown Below $100

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.

  • ETH price failed to bounce back and declined below the $108 and $104 supports against the US Dollar.
  • Yesterday’s highlighted key bearish trend line is intact with resistance at $110 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair tested the $100 support area once and it corrected above the $104 resistance level.

Ethereum price declined heavily with bearish moves against the US Dollar and bitcoin. ETH/USD is under a lot of pressure and it seems like sellers could attempt to break $100.

Ethereum Price Analysis

Yesterday, we saw a sharp decline below the $116 and $114 support levels in ETH price against the US Dollar. The ETH/USD pair remained in a bearish zone and extended its decline below the $110 level. It even broke the $108 and $104 support levels and traded close to the $100 level. A low was formed near $101 and the price is now trading well below the 100 hourly simple moving average. After forming a low near $101, the price corrected a few points above the $103 and $104 levels.

There was a break above the 23.6% Fib retracement level of the recent drop from the $114 high to $101 low. However, the recovery was capped by the $107-108 resistance area. The price even failed to test the 50% Fib retracement level of the recent drop from the $114 high to $101 low. Moreover, yesterday’s highlighted key bearish trend line is intact with resistance at $110 on the hourly chart of ETH/USD. The current price action is bearish below $108 and it seems like there could be more losses.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price might revisit the $100 and $101 support levels in the near term. If sellers remain in action for a long time, there is a risk of a breakdown below the $100 support. The next key support awaits near $95.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is currently in the bullish zone.

Hourly RSI – The RSI for ETH/USD bounced back from the oversold area, but it is still well below the 50 level.

Major Support Level – $101

Major Resistance Level – $108

Tweet123Share217ShareSend
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

Binance

Binance Whale Activity Spikes As Latin America Bets Big On Stablecoins

A sharp rise in big‑holder transfers onto Binance has captured the attention of market watchers. According to data from CryptoQuant,...

Christian Encila 10 hours ago
Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why

Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why

Solana is currently testing a critical demand zone near the $150 level after enduring weeks of persistent selling pressure and...

Sebastian Villafuerte 11 hours ago
Bitcoin

Bitcoin Price Deviates From Global M2 Money Supply, Is The Bull Run Over?

Crypto analyst Colin has highlighted the Bitcoin price’s deviation from the Global M2 money supply, raising concerns that the bull...

Scott Matherson 13 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新幣AERO價格強勢暴漲80% Solaxy迷因幣募資破5,500萬美元即將上市

Mark Mak 1 hour ago
Bitcoin

Bitcoin’s Dominance Could Kill Altseason Dreams, Analyst Warns

Christian Encila 7 hours ago
Bitcoin

Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again

Scott Matherson 8 hours ago

Premium Sponsors

Top Brands

Press Releases

  • The best investment era for XRP, DOGE, and BTC has arrived...

    6 hours ago
  • Crossing the fog of crypto market volatility, ETHRANSACTION...

    8 hours ago
  • Bitcoin

    ico...

    10 hours ago
  • Solaxy SOLX

    仮想通貨 おすすめ:Anthony Scaramucci が語る...

    10 hours ago
  • شعار عملة سولاكسي المستوحى من شخصية آينشتاين على كوكب الأرض محاطاً بأشخاص يحملون أوراقاً نقدية

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.