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 Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000
  • 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 Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000

Ethereum Price Technical Analysis – Can ETH/USD Bounce Back? 2017-10-19

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:32 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.

Key Highlights

  • ETH price declined below the $295 support against the US Dollar before finding support.
  • Yesterday’s highlighted connecting bearish trend line with resistance at $301 was broken on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price might struggle to gain momentum and likely to correct lower towards $300 once again.

Ethereum price is slowly recovering against the US Dollar and Bitcoin. ETH/USD might struggle to move above $318-324 in the near term.

Ethereum Price Resistance

There was a sharp decline in ETH price below $310 against the US Dollar. The price traded below the $300 and $295 support levels and traded as low as $285.99. A low was formed and the price started an upside correction from $285.99. During the upside, the price was able to break the 23.6% Fib retracement level of the last decline from the $350.52 high to $285.99 low.

The best part was a break above yesterday’s highlighted connecting bearish trend line with resistance at $301 on the hourly chart of ETH/USD. At the moment, the price is struggling to settle above the 38.2% Fib retracement level of the last decline from the $350.52 high to $285.99 low. Therefore, there are chances that the pair might dip once again towards the $300 handle before moving back higher.

Ethereum Price Technical Analysis ETH USD

On the upside, the most important resistance is near the 50% Fib retracement level of the last decline from the $350.52 high to $285.99 low at $318. Above $318, the 100 hourly simple moving average is positioned at $324. Therefore, the $318-324 levels might act as a strong resistance for buyers if the price continues to move higher. On the downside, the $300 level is a short-term support followed by $295.

Hourly MACD – The MACD is slowly moving back in the bullish zone.

Hourly RSI – The RSI is now back above the 50 level.

Major Support Level – $295

Major Resistance Level – $324

 

Charts courtesy – SimpleFX

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

LBank’s Czhang on AI, Tokenization, Security, and the Future of Crypto Exchanges

Inside LBank’s Vision: Czhang on AI, Security, and the Future of Crypto Exchanges

What to Know: LBank maintains a decade-long zero-breach record, preventing $1.2B in losses in 2024 alone. The exchange has secured...

NewsBTC 14 minutes ago
XRP

XRP Holds The Line As Bulls Eye $3.40 — Can 20-Month EMA Power Next Breakout?

XRP continues to defend key support levels as bullish momentum builds beneath the surface. Traders are watching closely as the...

Godspower Owie 1 hour ago
Bitcoin

Why The Bitcoin Price Crash Is Important If Wave 5 Corrects To $94,000

The recent Bitcoin price crash is not just another dip in the market, according to analysts; it could be one...

Scott Matherson 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

XRP

New XRP ETF Just Dropped, But Will Anything Be Different This Time?

Sandra White 30 minutes ago
Is $XRP Ready for a New Rally? Plus, Find Out Why the Bitcoin Hyper Presale is Pumping Right Now.

Is $XRP Ready for a New Rally? Why the Bitcoin Hyper Presale Is Pumping Right Now

Aaron Walker 36 minutes ago
리플, 40억 달러 규모 투자 행보 속 팔리세이드 인수…지갑 토큰 '$BEST' 급등 조짐

리플의 40억 달러 투자 행보, 팔리세이드 인수로 ‘지갑 전쟁’ 점화

Soyeon Lee 47 minutes ago

Premium Sponsors

Press Releases

  • 主要サポート割れで下落圧力強まる中、市場は次の転換点を探る

    イーサリアム...

    16 hours ago
  • ドージコイン 今後:イーロン・マスクが「DOGE-1」計画で月面へ――1ドル到達の引き金となるか

    ドージコイン...

    16 hours ago
  • リップル 今後:インド高裁がXRPを「財産」と認定、世界的な法的承認への道が開かれるか

    リップル...

    17 hours ago
  • 仮想通貨プレセール市場で快進撃:市場低迷の中でも勢いを維持する新世代L2プロジェクト

    ...

    17 hours ago
  • 仮想通貨おすすめ:ビットコイン反発とともに存在感を増す革新的L2トークン

    ...

    17 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.