• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
jan

Ethereum Price Technical Analysis – ETH/USD Trading Positive

Aayush Jindal by Aayush Jindal
6 years ago
in Cryptocurrency news, Technical analysis
Reading Time: 2 mins read
Advertisement

Key Highlights

  • ETH price regained the bullish traction against the US Dollar, and moved above the $10.20 level.
  • Yesterday’s highlighted connecting bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to clear the way for more upsides.
  • The price traded as high as $10.27 before starting a correction or we can say consolidation.

Ethereum price traded higher intraday and moved past $10.20 against the USD. Let’s see if ETH/USD can gain more traction today or not.

Ethereum Price Upside Move

There was a start of an upside move in ETH price against the US Dollar yesterday, as the price moved higher. Later, there was further strength noted, taking the price above the $10.00 and $10.20 levels. The price managed to break the 61.8% Fib retracement level of the last decline from the $10.37 high to $9.57 low to open the gates for more gains.

The best part was the break above yesterday’s highlighted connecting bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD. Later, there was a move above the 76.4% Fib retracement level of the last decline from the $10.37 high to $9.57 low as well. So, we can say that there was an upside break, taking the price as high as $10.27.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Ethereum Price Technical Analysis

At the moment, the price is consolidating and trading in a range. There is a chance of a correction lower in the short term towards $10.10-10.00. The ETH/USD pair may even test the 23.6% Fib retracement level of the last wave from the $9.57 low to $10.27 high. However, the most important support on the downside remains near the broken trend line. In short, it looks like the price remains buy on dips, and one may look for a break above $10.27 going forward.

Hourly MACD – The MACD is back in the bullish zone, suggesting positive signs.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Hourly RSI – The RSI is well above the 50 level.

Major Support Level – $10.00

Major Resistance Level – $10.30

 

Charts courtesy – SimpleFX

Tags: Ethereum Price analysisEthereum Price chartethereum technical analysisethereum tradeethereum trade analysisethereum tradingethereum usdOpinionpricetrading
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

Bitcoin At $26,900: Is It Well-Positioned For Breakout Despite Potential Drop?

Bitcoin At $26,900: Is It Well-Positioned For Breakout Despite Potential Drop?

7 hours ago
Bitcoin

Are We At The Early Stages Of A Bitcoin Bull Market? Bitfinex Analysts Reveals

8 hours ago
Bitcoin Mining

Bitcoin Miners Transfer Large Amount To Exchanges, Sign Of Selling?

9 hours ago
Bitcoin

Bitcoin Repeating This Price Pattern Of Late 2019? Watch This

11 hours ago
Binance bitcoin exchange balances

Bitcoin In Free Fall As Regulators Turn Their Attention To Binance

12 hours ago
Bitcoin

Bitcoin Mid-Term Holders Move 50,000 BTC, Bearish Signal?

13 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Decentraland and The Sandbox Dominating GameFi Industry – Will Avorak AI Live Up To The AI Crypto Hype?

March 28, 2023

TMS Network (TMSN) Has Exploded 1000% With Stage 2 Presale, Injective (INJ) Sees an Increase of 10.5%, Conflux (CFX) Increases by 41.2%

March 28, 2023

Augmented Reality metaverse platform, OVER takes center stage at Metaverse Fashion Week 2023

March 28, 2023

Best Crypto Reviewed April 2023: 5 Cryptocurrencies to Invest in

March 27, 2023

Metacade Crypto Presale Brought In 14.1m in Just 18 Weeks and Is About to End. Don’t Miss Out on This Presale Event!

March 27, 2023

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.