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 at Continued Risk of Weakness

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 extended declines and traded below the $131 and $130 support levels against the US Dollar.
  • The price is back above the $130 level, but it remains below the key $134 resistance.
  • Yesterday’s key bearish trend line is intact with resistance at $134 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains in a bearish zone and it may continue to move down towards $128 or $126.

Ethereum price is trading with a bearish bias against the US Dollar and bitcoin. ETH/USD is likely to extend losses below $130 as long as it is trading below the $134 resistance.

Ethereum Price Analysis

Yesterday, we saw a bearish wave below the $136 and $134 supports in ETH price against the US Dollar. Later, the ETH/USD pair corrected a few points, but the $134 level acted as a solid resistance. Finally, the price declined again and broke the $131 and $130 support levels. The price spiked below the $130 level and settled well below the 100 hourly simple moving average. A low was formed close to the $129 level and recently the price corrected above the $130 level.

It is currently trading near the 23.6% Fib retracement level of the recent decline from the $135 swing high to $129 swing low. However, there are many hurdles waiting on the upside near the $132 and $134 levels. The $132 level represents the 50% Fib retracement level of the recent decline from the $135 swing high to $129 swing low. The $134 resistance was a support earlier and now it is likely to act as a solid hurdle. Moreover, yesterday’s key bearish trend line is intact with resistance at $134 on the hourly chart of ETH/USD. Besides, the 100 hourly simple moving average is also positioned just above the $134 resistance level.

Therefore, if the price continues to move higher, it could face a strong resistance at $132 or $134. Selling rallies could be an option as long as the price is below $134 and the 100 hourly simple moving average.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is clearly trading in a bearish zone below the $134 resistance. In the short term, there could be an upside correction, but the $134 level is likely to prevent gains. On the downside, the $129-130 support area may act as a buy zone. However, a close below the $130 level will most likely trigger more losses towards the $128 or $126 level.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is about to move back into the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently below the 40 level, with a bearish angle.

Major Support Level – $130

Major Resistance Level – $134

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

Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why

Crypto analyst Daan Crypto has provided an analysis of the rising Bitcoin dominance, explaining why this will likely continue to...

Scott Matherson 9 hours ago

Hossa na rynku kryptowalut właśnie się zaczyna: najlepsze altcoiny do kupienia teraz

W miarę jak rynek kryptowalut daje coraz wyraźniejsze sygnały nadchodzącej hossy, inwestorzy coraz uważniej przyglądają się aktywom z największym potencjałem...

Zieliński Michał 12 hours ago

Solana ETF sú bližšie k schváleniu. Využite nárast SOL s týmto tokenom

Viaceré trhové ukazovatele naznačujú, že kryptomenu Solana čaká pozitívny vývoj. Rastúca aktivita na blockchaine, signály približujúce k schváleniu Solana ETF,...

Karol Paták 12 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 Price at Risk of Downside Break

Ethereum Price at Risk of Downside Break as Bears Test Key Support

Aayush Jindal 46 minutes ago
Ethereum Golden Cross Approaching – Will History Repeat?

Ethereum Golden Cross Approaching – Will History Repeat?

Sebastian Villafuerte 4 hours ago
Dogecoin

Dogecoin Sets The Stage For A Liftoff With Key Reversal Pattern

Godspower Owie 8 hours ago

Premium Sponsors

Top Brands

Press Releases

  • 仮想通貨1000倍を狙う|将来性のある銘柄の見つけ方

    ...

    10 minutes ago
  • The US cryptocurrency stock market plummeted? Smart people...

    3 hours ago
  • Bull Run-ul Criptomonedelor a Început: Cele Mai Bune Altcoin-uri de Cumpărat Acum în România

    Bull Run-ul Criptomonedelor a Început: Cele Mai Bune...

    8 hours ago
  • Nova criptomonedă schimbă regulile jocului ca o alternativă posibilă la Bitcoin: „O adevărată inovație”

    Nova criptomonedă schimbă regulile jocului ca o...

    8 hours ago
  • LandDAO to Bring Land NFTs Backed by Real-World Assets...

    13 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.