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 (ETH) Could Break Higher After Long Consolidation

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:03 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.

  • Ethereum price seems to be consolidating for quite some time above $180 against the US Dollar.
  • The price could start a strong upward move above $190 as long as it is above $180.
  • There is a short term ascending channel forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken).
  • Bitcoin is still capped by the $8,880 and $8,960 resistance levels.

Ethereum price is trading in a broad range versus the US Dollar and bitcoin. ETH price remains well bid above the $178 support and it could soon make an upward move.

Ethereum Price Analysis

In the past few days, Ethereum consolidated in a broad range above the $180 support against the US Dollar. ETH bears made a few attempts to push the price below the $180 and $178 support levels, but they failed.

Similarly, there was no upside break above the $188 and $190 resistance. Recently, the price revisited the $182 support area and started a fresh increase. It broke the $185 resistance and the 100 hourly simple moving average.

Moreover, there was a spike above the $188 resistance. However, Ethereum failed to surpass the $190 resistance area and it is currently correcting recent gains. It is now trading below the 23.6% Fib retracement level of the upward move from the $182 low to $190 swing high.

At the moment, the price is approaching the $186 level and the 100 hourly simple moving average. Besides, there is a short term ascending channel forming with support near $186 on the hourly chart of ETH/USD.

More importantly, the 50% Fib retracement level of the upward move from the $182 low to $190 swing high is just below the channel support. Therefore, the price could find bids near $185 and continue higher.

On the upside, the $188 and $190 levels are important hurdles for the bulls. A successful close above the $190 level is needed for a bullish continuation.  The next key resistances are near $200 and $205.

Conversely, the price could break the channel support and decline below $185. In the mentioned case, the price is likely to revisit the range support area near the $182 level.

Ethereum Price
Ethereum Price

Looking at the chart, Ethereum price is stuck in a broad range above the $182 and $180 supports. If the bears continue to struggle near $182, the price is likely to start a strong upward move above $190 in the near term.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently declining and approaching the 50 level.

Major Support Level – $182

Major Resistance Level – $190

Tweet123Share237ShareSend
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

Ethereum Price Bounce Looks Promising

Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line

Ethereum price started a fresh increase above $2,920. ETH is now attempting to clear the $3,050 resistance and might accelerate...

Aayush Jindal 6 hours ago

加密圈下一個“RollerCoin”?PepeNode 的 GameFi 新玩法初現熱度 早期勢頭強勁

加密虛擬挖礦遊戲 RollerCoin 曾風光一時,但一位更具野心的新挑戰者PepeNode (PEPENODE)正帶著更宏大的敘事走到聚光燈下。 PepeNode 直擊早期挖礦模擬器的痛點:更強的代...

newsbtc 6 hours ago
Bitcoin

Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer

Authorities in Europe have shut down a large crypto mixing service and seized a major amount of Bitcoin, according to...

Christian Encila 6 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 eth ethusd crypto

Can the Fusaka Upgrade Renew Ethereum’s Momentum After Recent Price Hit?

James Halver 38 minutes ago
cardano ada adausd

Cardano’s December Slide Intensifies: What’s Driving the Decline and What Comes Next?

James Halver 2 hours ago
Bitcoin

Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch

Rubmar Garcia 4 hours ago

Premium Sponsors

Press Releases

  • ETHが2,800ドル付近で停滞、次の重要局面はどこか

    ...

    16 hours ago
  • 市場不安の中で見える次の価格シナリオとは

    ビットコイン...

    16 hours ago
  • アルトコイン 注目銘柄:Cantor Fitzgerald の Solana ETF 計画で浮上する買い候補とは

    アルトコイン 注目銘柄:Cantor Fitzgerald の...

    18 hours ago
  • シバコイン...

    18 hours ago
  • ドージコイン 今後:専門トレーダーが予測する大幅反発の可能性とは

    ドージコイン...

    18 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.