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: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US
  • 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: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

Beware Bears: Indicators Suggest Ethereum Could Still Rally Above $250

Aayush Jindal
Aayush Jindal
1 year 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 traded to a new monthly high near $249 before correcting lower against the US Dollar. ETH price is currently trading nicely above $253 and it could rally again towards $250.

  • ETH price is holding the main $235 support level and the $232 pivot level against the US Dollar.
  • It is facing a couple of important hurdles near $240 and $250.
  • There is a crucial contracting triangle forming with resistance near $242 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair could rally again above $245 as long as it is above the 100 simple moving average (4-hours).

Ethereum Price Holding Key Supports

This past week, Ethereum extended its rise above the $240 resistance against the US Dollar. ETH price traded close to the $250 resistance level and settled well above the 100 simple moving average (4-hours).

Ether traded as high as $249 and started a fresh downside correction (similar to bitcoin). There was a break below the $242 and $240 support levels, but the $235 support zone acted as a strong buy region.

The price is currently rising and trading above the 23.6% Fib retracement level of the downside correction from the $249 swing high to $235 low. It is currently facing a strong resistance near the $240-$242 region.

Ethereum Price

Ethereum price trades above $235. Source: TradingView.com

There is also a crucial contracting triangle forming with resistance near $242 on the 4-hours chart of ETH/USD. The triangle resistance coincides with the 50% Fib retracement level of the downside correction from the $249 swing high to $235 low.

If there is a successful break above the triangle resistance at $242, the price is likely to start a fresh increase. The main resistance on the upside is still near the $250 level, above which the price could start a strong rally towards $262 and $265.

Fresh Decline in ETH?

If Ethereum fails to continue higher above the $240 and $242 resistance levels, there are chances of a downside break. The first major support is near the triangle lower trend line at $238.

The mains support is near the $235 level and the 100 simple moving average (4-hours), below which the price could dive sharply towards the $$220 support area.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

4 hours RSI – The RSI for ETH/USD is currently just above the 50 level.

Major Support Level – $235

Major Resistance Level – $242

Take advantage of the trading opportunities with Plus500

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

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

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

Crypto airdrop season begonnen - belangrijkste ETH airdrops van 2025 onthuld

SEC voorzitter bullish op crypto – innovatie plan en RWA plan ligt op tafel

In de cryptowereld is er belangrijk nieuws: SEC voorzitter Paul Atkins heeft zich openlijk uitgesproken voor een pro-innovatie koers richting...

Lars Diederiksen 55 minutes ago

Prévision prix Cardano : les whales accumulent 140 millions de dollars, direction 3 $ selon Grok

Le marché semble encore marqué par la volatilité de ces derniers jours, mais certaines données on-chain racontent une autre histoire....

guillaumev 1 hour ago
Dogecoin news

Dogecoin Shows ‘Huge Gap’ To $0.07: Is A Crash Imminent?

A widely watched on-chain profile for Dogecoin is flagging a striking absence of realized cost basis between roughly $0.19 and...

Jake Simmons 1 hour 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

XRP’s Road to $5 Starts With a Dive to $2: $SNORT Presale Ends in 4 Days

Aaron Walker 11 minutes ago
XRP

Analyst Reveals The Chances Of The XRP Price Rallying 300% To $9 This Bull Run

Scott Matherson 16 minutes ago
Best Altcoins to Buy as XRP ETF Nears Approval and Institutional Buys Peak

Best Altcoins to Buy as XRP ETF Nears Approval and Institutional Buys Peak

Aaron Walker 51 minutes ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:強気ダイバージェンスが示す新たな上昇のチャンス

    ドージコイン...

    35 minutes ago
  • リップル 今後の見通し:6,300万ドルの売却が発生も、賢い投資家はすでに買い増し開始

    リップル...

    48 minutes ago
  • 仮想通貨プレセールで2,380万ドル超を調達した新プロジェクト、次に爆発的成長を遂げる可能性も

    ...

    1 hour ago
  • 仮想通貨おすすめ:市場暴落からの回復に苦戦する中で今注目すべき銘柄

    ...

    1 hour ago
  • イーロン・マスクがドージコインの“エネルギー”を強調、新しい仮想通貨がさらに注目を集める

    ...

    1 hour 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.