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: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
  • 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: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Ethereum Rallies Above $220 And Likely To Continue Higher To $240

Aayush Jindal
Aayush Jindal
4 years ago
2 mins read
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.

Ethereum is up more than 8% and it broke the key $215 resistance zone against the US Dollar. ETH price is trading nicely above $220 and it could continue to rise above $230.

  • Ethereum is showing a lot of positive signs and it rallied above $215 and $220.
  • The price is likely to continue higher towards the $230 and $240 levels.
  • There is a connecting bullish trend line forming with support near $212 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains well supported on dips near $215 and $212 in the near term.

Ethereum Price Surging

Ethereum price remained in a strong uptrend above the $205 level and it gained pace above the $210 barrier. ETH price managed to surpass the main $215 resistance zone to move into a bullish zone.

There was also a close above the $215 level and the 100 hourly simple moving average. Ether traded as high as $225 and it is currently consolidating gains. It tested the 23.6% Fib retracement level of the recent rally from the $204 swing low to $224 high.

The first major support on the downside is near the $215 zone. It is close to the 50% Fib retracement level of the recent rally from the $204 swing low to $224 high.

More importantly, there is a connecting bullish trend line forming with support near $212 on the hourly chart of ETH/USD. On the upside, the price is likely to continue higher above the $224 and $225 levels.

Ethereum Price
Ethereum Price

The first major resistance is near the $230 level. If there is a clear break above the $230 level, the price is likely to accelerate higher towards the $240 level. Any further gains could lead the price towards the $250 level.

Dips Supported in ETH

If Ethereum starts a downside correction, it is likely to remains supported near the $215 support zone (the recent breakout area). The trend line support at $212 is also a major support.

If there is a downside break below the $212 support zone, the price is likely to test the main $210 support and the 100 hourly simple moving average, which is also a key breakdown area.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now well above the 60 level, with a positive angle.

Major Support Level – $215

Major Resistance Level – $225

Take advantage of the trading opportunities with Plus500

Risk disclaimer: 76.4% of retail CFD accounts lose money.

Tweet123Share222ShareSend
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

Best -altcoins

5月にBinance上場が期待される注目のアルトコイン

Binanceの上場は、しばしば注目度、取引量、コミュニティの支持によって決まりますが、5月に注目すべきアルトコインは3つあります:Housecoin(HOUSE)、UXLINK、そしてAEROです。...

Yohei Hanazato 1 hour ago
SOLANA

仮想通貨投資 注目ニュース:Solanaが強気トレンドへ、初のLayer-2「Solaxy」が先行販売で3,350万ドル突破

Solana($SOL)は、DeFi Development Corporation(旧Janover)による1,150万ドルの$SOLトークン購入と、初のLayer-2チェーンであるSolaxy($...

Yohei Hanazato 2 hours ago
Solaxy Solana Layer2

仮想通貨 1000倍 の注目銘柄:Popcat価格予測と今買うべき理由とは?

Solana発の人気ミームコイン「Popcat(POPCAT)」が突如注目を集め、爆発的な上昇に向けて動き出しています。価格は過去24時間で10%上昇し、$0.426に達しました。著名アナリストたちは...

Yohei Hanazato 2 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 ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Sebastian Villafuerte 1 hour ago
셀레스티아(TIA)·아이오넷(IO), 업비트 동시 상장하며 8일 오후 7시부터 거래 지원

셀레스티아(TIA)·아이오넷(IO), 업비트 동시 상장하며 8일 오후 7시부터 거래 지원

Soyeon Lee 1 hour ago
Stripe Integrates Stablecoins and AI Technology – Will AI Agent Coins Like $MIND Benefit?

Stripe Integrates Stablecoins and AI Technology – Will AI Agent Coins Like $MIND Benefit?

NewsBTC 1 hour ago

Premium Sponsors

Top Brands

Press Releases

  • BingX Unveils ChainSpot: A CeDeFi Innovation for Simpler...

    51 minutes ago
  • MEXC Lists Doodles (DOOD) with 50,000 USDT Worth of DOOD...

    5 hours ago
  • MEXC Announces Listing of Shardeum (SHM) with 72,000 SHM...

    6 hours ago
  • KSDMiner launches cloud mining solution for BTC, XRP, DOGE...

    16 hours ago
  • The Game-Changing Secret: How XRP Mining is Empowering...

    19 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.