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: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • 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: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Ethereum (ETH) Price Breaks $170, Bulls Now Target $200 or Higher

Aayush Jindal
Aayush Jindal
6 years ago
2 mins read
Ethereum bitcoin

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.

  • ETH price started a strong rally above the $150 and $160 resistance levels against the US Dollar.
  • The price rallied recently and even climbed above the $170 resistance area.
  • There is a crucial bullish trend line formed with support at $165 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains in a strong uptrend and it might continue to rise towards the $180 resistance level.

Ethereum price surged more than 25% versus the US Dollar, coupled with bitcoin price rally. ETH is now trading well above the $165 level and it could accelerate towards the $200 barrier.

Ethereum Price Analysis

Yesterday, we saw a nasty upward move in bitcoin above the $4,800 resistance. It helped ETH price in clearing the $150 and $155 resistances against the US Dollar. The ETH/USD pair jumped more than 25% in the past few sessions. Bulls took control, resulting in a sharp upward move above the $160 and $165 resistance levels. The price even rallied above the $170 resistance and settled well above the 100 hourly simple moving average.

A new yearly high was formed near $173 and the price is still trading with a bullish angle. An initial support is near the $170 level. It represents the 23.6% Fib retracement level of the recent rise from the $159 swing low to $173 swing high. There is also a crucial bullish trend line formed with support at $165 on the hourly chart of ETH/USD. The trend line coincides with the 50% Fib retracement level of the recent rise from the $159 swing low to $173 swing high.

The current price action is very positive, suggesting more gains above the $172 and $173 levels. Buyers could even target the $180 resistance, which is a strong barrier. The next key resistance is near the $185 level, above which the final target in the current wave could be $200. The overall rally is gathering momentum above $165 and sellers are likely to struggle in the coming sessions.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price is placed in a strong uptrend above the $160 and $165 pivot levels. The price is already up more than 25%, with Ethereum supporters in full action. Therefore, dips towards the $165 and $160 levels are likely to find a solid buying interest. On the upside, a break above the $180 level could open the doors for more gains towards $200.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone, with a positive bias.

Hourly RSI – The RSI for ETH/USD is currently well above the 80 level, with a bullish angle.

Major Support Level – $165

Major Resistance Level – $180

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

XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week

XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week

XRP has gained significant momentum over the past several days, posting a sharp 24% rally since last week as bullish...

Sebastian Villafuerte 10 hours ago
ビットコイン下落でアルトコイン市場に700百万ドルの清算

タイトル:ビットコインの101Kドルへの下落がアルトコイン市場に700百万ドルのロングポジション清算を引き起こす

要点: ビットコインの101Kドルへの調整により、700百万ドルのロングポジションが清算され、アルトコインの価格も大きく影響を受けました。 現在、トレーダーはBTCの96,000ドル、ETHの2,30...

Yohei Hanazato 10 hours ago
Crypto

タイトル: 2025年に買うべき次の大きな仮想通貨投資コイン – 今のうちに安く買って大きな利益を得よう

次の大きな仮想通貨を見つけることは、干し草の中で針を探すようなものです。特に現在のように市場がトークンで溢れている状況では、ほんの少ししか見つかりません。 もし安価で将来大きな利益を得られる仮想通貨を...

Yohei Hanazato 11 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

Ethereum, ETH, Crypto

Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels

Rubmar Garcia 3 hours ago
Ethereum Price Rallies 10%

Ethereum Price Pops Above $2,700 — Rally Gains Traction Once More

Aayush Jindal 3 hours ago
Bitcoin

Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Here’s When

Scott Matherson 9 hours ago

Premium Sponsors

Top Brands

Press Releases

  • XRP Investors Are Earning $137,000 per Day Thanks to...

    6 hours ago
  • Exclusive Early Access: First 100 Signups Today Earn...

    6 hours ago
  • New opportunities for XRP and DOGE enthusiasts: How to earn...

    7 hours ago
  • Top 5 cloud mining platforms in 2025. Here you can find the...

    9 hours ago
  • Crypto Enthusiast Maximizes Dogecoin (DOGE) and Ripple...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.