• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
technical analysis ethereum
Sensei Inu Logo

Ethereum Price Weekly Analysis: ETH Facing Strong Resistance Near $140

Aayush Jindal by Aayush Jindal
5 years ago
in Technical analysis
Reading Time: 2 mins read

Key Highlights

  • ETH price started a major upward move after forming a low at $112.80 against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $122 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is now placed in a positive zone, but it is struggling to clear the $142 resistance area.

Ethereum price moved back higher versus the US Dollar and Bitcoin. ETH/USD must surpass the $142 resistance to continue higher in the near term.

Ethereum Price Analysis

This past week, ETH price declined below the $130 and $120 support levels against the US Dollar. The ETH/USD pair traded as low as $112.80 and later formed a solid support. It seems like the $112 area and the 100 simple moving average (4-hours) provided support. Later, the price started a strong upside move and traded above the $125 and $134 resistance levels.

There was a break above the 50% Fib retracement level of the recent decline from the $152 swing high to $112 swing low. Moreover, there was a break above a major bearish trend line with resistance at $122 on the 4-hours chart of ETH/USD. The pair also cleared the $138 resistance, but it struggled to clear the $142 resistance. Besides, the 76.4% Fib retracement level of the recent decline from the $152 swing high to $112 swing low also acted as a resistance. The price is currently trading in a range near the $130 level and it may make the next move soon.

Ethereum Price Weekly Analysis ETH Chart

The above chart indicates that ETH price could dip a few points towards the $128 or $122 level before the next upside move. A break above the $142 and $144 resistance levels may clear the path for more gains. The next resistance is at $152 followed by $155.

4-hours MACD – The MACD is slightly placed in the bullish zone.

4-hours RSI – The RSI is placed just above the 50 level.

Major Support Level – $128

Major Resistance Level – $142

Tags: ETHethereum
Tweet123Share221ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Ripple XRP price prediction

Ripple Scores 3 Major Wins That Could Drive XRP Price To $1

17 mins ago
Ripple XRP price

Will XRP Price Defy A 50% Stock Market Crash? Analysts Share Predictions

3 hours ago
Cardano (ADA) Price Prediction

ADA Price Is Showing Early Signs of Fresh Drop, But 100 SMA Is The Key

9 hours ago
Ethereum Price

Ethereum Price Plunges to $1,600: Can Bulls Save the Day?

9 hours ago
Bitcoin

Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

11 hours ago
XRP price predictions

Why You Should Pay Attention To The XRP Price Predictions

15 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • ICOs Make Millionaires, Solana And Ethereum Have Proved...

    2 hours ago
  • Ripple (XRP) Enters a Downtrend as Maker (MKR) and VC...

    3 hours ago
  • The 100x Potential of Scorpion Casino Token, XRP, and...

    4 hours ago
  • Analysts Evaluate Prop Firms in Forex, Topstep Ranks First

    6 hours ago
  • Traders Union Analysts Provide In-Depth ActiveTrades Review

    1 day ago

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.

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

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 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.