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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • 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: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Ethereum Could Narrowly Avoid a Major Downtrend if it Closes Above One Key Level

Cole Petersen
Cole Petersen
5 years ago
2 mins read

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 has been able to capture some notable upwards momentum today, surging towards its key near-term resistance at $210 as the aggregated crypto market pushes higher.

This has allowed the crypto to narrowly avoid seeing massive losses stemming from a previously bearish market structure that it had formed.

ETH isn’t completely out of the woods yet, however, as analysts are still noting that it needs to firmly claim and defend a position above $210 if it is to push any higher in the days and weeks ahead.

Ethereum Moves Higher Alongside Aggregated Crypto Market

At the time of writing, Ethereum is trading up just under 2% at its current price of $210.

This happens to be a key near-term level that the cryptocurrency needs to firmly surmount before its daily candle closes, or else it could be positioned to see further weakness in the days ahead.

It is important to note that although ETH has pushed higher today, it is still trading down nearly 3% against its Bitcoin trading pair – a sign that it is still plagued by some underlying weakness in spite of today’s upswing.

One popular pseudonymous crypto trader spoke about the importance of it not declining any further against Bitcoin in a recent tweet, telling his followers that ETH/BTC has now reached a key level that must be ardently defended.

“If you’re bullish on the ETH / BTC pair, this level needs to hold on a HTF basis,” he said while pointing to the levels marked on the below chart.

Ethereum
Image Courtesy of Bagsy

This analysis comes shortly after another trader noted that a failure for it to push into the mid-$200 region could ultimately lead it down into the sub-$100 region.

“ETH / USD 3D TF – As you can see, market structure is still very much in favour continuation of the Bearish trend… you would want bulls to turn out asap or [good game]” he explained.

Bull’s ongoing attempt to boost the crypto may have allowed it to narrowly avoid this grim path forward.

ETH Flashing Signs of Bullishness on its USD Trading Pair as Analysts Go Long

The cryptocurrency is also flashing signs of strength on its USD trading pair that could help it climb higher against BTC.

Another trader explained that he is closely watching for Ethereum to decisively flip the resistance it faces at $210 into support, as this could trigger another uptrend.

“ETH – Picked up some more Ethereum just below $208. Room to add lower if needed. There are significant structural differences between Bitcoin and Ethereum after Bitcoin’s breakout today. I’d like to see $210 flip into support to further confirm my argument.”

Image Courtesy of UB

As Ethereum’s daily candle close fast approaches, whether it is able to close above this level could offer significant insights into where it goes next.

Featured image from Unplash.
Tweet123Share205ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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

Wedge Breakout Or False Alarm? Ethereum Faces Its Biggest Support Test Yet

Ethereum’s price action is at a decisive point after breaking out of a rising wedge pattern. While the move initially...

Godspower Owie 1 day ago
Ethereum

Analyst Predicts Ethereum Price Will Reach $33,000 As ETH Founder Forecasts ‘Google Moment’

The Ethereum price is back in the spotlight as market analysts and ETH’s own founder, Vitalik Buterin, outline bold predictions...

Scott Matherson 1 day ago
ethereum-stablecoins-pepenode-maxidoge

Ethereum chute, mais la market cap des stablecoins explose : vers un redéploiement de capital ?

Septembre 2025. Ethereum recule violemment, presque 9 % envolés en quelques séances. Les liquidations à effet de levier ont nettoyé...

guillaumev 1 day 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

Crypto

All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

Ronaldo Marquez 2 hours ago
Ethereum Price Extends Losses

Ethereum Slips Lower – Will Continued Decline Lead To Double-Digit Losses?

Aayush Jindal 5 hours ago
Ethereum Faces Resistance Wall

Ethereum Faces Resistance Wall – Could Market Be Preparing for Another Decline?

Aayush Jindal 1 day ago

Premium Sponsors

Press Releases

  • Aster на Binance скача с 1800% за седмица...

    2 minutes ago
  • Binance’s Aster Soars 1800% in a Week Despite Market...

    12 minutes ago
  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    11 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    11 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    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.