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, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • 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, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Ethereum Price Technical Analysis – Short-Term Losses Ahead

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Ethereum Price Technical Analysis

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

  • Ethereum price started to move down against the US Dollar, and it looks like there may be more losses in the short term.
  • Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD continued to play a major role for a downside move.
  • The 100 hourly simple moving average is bending down, which is not a good sign for the ETH bulls.

Ethereum price may face more selling pressure in the short term, as the highlighted resistance area is turning out to be a major barrier for ETH.

Ethereum Price Losses

Ethereum price ETH continued to face offers on the upside against the US Dollar, and started moving down. There is a monster resistance area on the upside for ETH, as highlighted in yesterday’s post acting as a hurdle for more gains.

There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which stopped gains on a number of occasions. Moreover, an initial but important resistance is also near the 100 hourly simple moving average. It is positioned below the trend line, which is a signal that the $13.00 resistance area holds a lot of value for the ETH bears. As long as the price is below the stated level, there is a chance of a downside move in the near term.

Ethereum Price Technical Analysis

The price recently failed to settle above the 38.2% Fib retracement level of the last drop from the $15.10 high to $11.32 low. I think if the current weakness continues and the price remains below the highlighted resistance area, there is a chance of further losses in ETH/USD.

Hourly MACD – The MACD is almost flat, and there are no major signs of a bullish wave.

Hourly RSI – The RSI is below the 50 level, which is not a good sign for the ETH buyers.

Major Support Level – $12.00

Major Resistance Level – $13.00

 

Charts courtesy of Kraken via Trading View

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

Crypto Treasury Stocks Take a Fall After New Investments, Bringing PEPENODE’s Presale Into the Spotlight

Crypto Treasury Stocks Dump After New Investments, Bringing PEPENODE’s Presale Into the Spotlight

Crypto treasuries lose stock value after announcing new crypto investments, while Bitcoin took a dive to $111,676. Helius Medical Technologies...

Aaron Walker 1 hour ago
Dogecoin news

21Shares’ Spot Dogecoin ETF Hits DTCC—Will It Ignite A Rally?

21Shares’ proposed spot Dogecoin ETF has appeared on the Depository Trust & Clearing Corporation’s public “Exchange Traded Funds — Active...

Jake Simmons 2 hours ago
Memecoins krenta, tačiau Snorter Bot toliau ieško naujų galimybių – ICO pasiekė $4 mln.

Memecoins krenta, tačiau Snorter Bot toliau ieško naujų galimybių – ICO pasiekė $4 mln.

Telegram pagrindu veikiantis prekybos botas Snorter Bot Token (SNORT) savo ICO metu surinko 4 mln. USD, nors platesnė meme monetų...

Tomas Jankūnas 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

snorter bot token

Μόλις 27 ημέρες απομένουν πριν κλείσει η προπώληση του Snorter Bot Token – Η πρώιμη πρόσβαση δεν θα διαρκέσει πολύ

Ιωάννης Ριζόπουλος 52 minutes ago
ethereum-stablecoins-pepenode-maxidoge

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

guillaumev 1 hour ago
Биткоин и график

Strategy инвестирует $100 млн в Биткоин – институционалы укрепляют рынок

daria 1 hour ago

Premium Sponsors

Press Releases

  • Най-добрите мемекойни за...

    2 hours ago
  • Najlepsze memecoiny do kupienia, gdy kapitalizacja rynku memów zbliża się do 80 miliardów dolarów

    Najlepsze memecoiny do kupienia, gdy kapitalizacja rynku...

    2 hours ago
  • Altcoin sezóna je tu. Tyto tři faktory mohou pohánět rally

    Altcoin sezóna je tu. Tyto tři faktory mohou pohánět...

    2 hours ago
  • Najlepsze altcoiny do kupienia, gdy cena Solany zbliża...

    2 hours ago
  • Altcoin sezóna je tu. Tieto tri faktory môžu poháňať rally

    Altcoin sezóna je tu. Tieto tri faktory môžu poháňať...

    3 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.