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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Ethereum Price Analysis: ETH Forming Bearish Continuation Pattern

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis ethereum

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 stayed below the $107 resistance level, with bearish signs against the US Dollar.
  • There is a major bearish pennant formed with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could accelerate losses below the $100 level if there is a bearish break below $103.

Ethereum price is forming a bearish continuation pattern against the US Dollar and bitcoin. ETH/USD remains at a risk of more losses as long as it is trading below $107.

Ethereum Price Analysis

Yesterday, we saw a tiny recovery above the $104 level in ETH price against the US Dollar. The ETH/USD pair even traded above the 23.6% Fib retracement level of the last decline from the $114 high to $101 swing low. However, the price failed to break the $107 resistance level. As a result, there was a fresh drop below the $106 level. The price moved below the 50% Fib retracement level of the recent wave from the $101 swing low to $107 high. However, the decline was protected by the $103 level.

More importantly, there is a major bearish pennant formed with resistance near $106 on the hourly chart of ETH/USD. The triangle resistance could play a major role near $106-107. If there is a break above $107, the price may trade towards the $110 and $112 levels. On the other hand, if there is a downside break below $103, the price is likely to accelerate losses in the near term. It seems like the 61.8% Fib retracement level of the recent wave from the $101 swing low to $107 high is currently protecting losses. However, it may soon give up if there is no break above $106 and $107.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is clearly under a lot of pressure below $107. If there is an increase in selling, the price is likely to decline below $103 and $101.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is about to move back in the bearish zone.

Hourly RSI – The RSI for ETH/USD is currently above the 40 level, with a minor bullish angle.

Major Support Level – $101

Major Resistance Level – $107

Tweet123Share208ShareSend
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

wall-street-pepe-500m-wepe-launches-solana-100x-potential-tw

Wall Street Pepe燃燒5億WEPE登陸Solana!迷因幣社群推動飆升下個百倍幣

Wall Street Pepe(WEPE)在短短24小時內完成超過5億枚代幣的燃燒,並伴隨價格大漲40%,為其登陸Solana打下了極具戲劇性的開場。這一舉動不僅展示了項目的雙鏈機制,也將其定位為迷...

Mark Mak 3 hours ago
Ethereum Price Faces Downward Pressure

Ethereum Price Battles Key Barrier as Bulls Eye a Breakout Attempt

Ethereum price started a recovery wave above the $4,150 zone. ETH is now back above $4,250 but it faces many...

Aayush Jindal 3 hours ago
Bitcoin

Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market

Bitcoin (BTC) recently surged to a new all-time high, surpassing $124,000, only to experience a subsequent drop of 9%. This...

Ronaldo Marquez 4 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 Vs Bitcoin

Altseason Things: Ethereum Perps Volume Sets New Record Against Bitcoin

Keshav Verma 48 minutes ago
Strategy

Bearish Forecast: Strategy (MSTR) Stock Slides 19%, Analyst Expects Further Declines

Ronaldo Marquez 1 hour ago
memecoin

Another Celebrity Scam? Kanye West Memecoin Launch Leaves 60% Of Investors In The Red

Rubmar Garcia 2 hours ago

Premium Sponsors

Press Releases

  • Toobit Launches Fixed-Risk Event Contracts for Traders to...

    48 minutes ago
  • Toobit’s New VIP Trial Pass Makes Premium Trading...

    51 minutes ago
  • ETHRANSACTION Launches Mobile Cloud Mining App for Bitcoin...

    5 hours ago
  • Dvě kryptoměny, jak proměnit 100 dolarů v 1 000 dolarů v roce 2025

    Dvě kryptoměny, jak proměnit 100 dolarů v 1 000 dolarů...

    13 hours ago
  • Két kriptovaluta, amely 2025-ben 100 dollárból 1000 dollárt csinálhat

    Két kriptovaluta, amely 2025-ben 100 dollárból 1000...

    13 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.