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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Ethereum Price Analysis: ETH/USD Breaks Key Resistance, $230 Next?

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.

Key Highlights

  • ETH price traded higher and broke the $215 and $220 resistance levels against the US Dollar.
  • Yesterday’s highlighted key breakout pattern was breached with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair traded towards the $223 level and it remains well supported on dips near $216.

Ethereum price is climbing higher against the US Dollar and bitcoin. ETH/USD broke the important $215 resistance to move further into a bullish zone.

Ethereum Price Analysis

Recently, there was a minor downside correction from the $216 swing high in ETH price against the US Dollar. The ETH/USD pair traded lower and tested the $205-206 support area, which prevented declines. A base was formed and the price started a fresh upward move. There was a decent bounce and the price broke the $212 and $215 resistance level. The move was such that the price traded to a new weekly high above $220 and it is currently well above the 100 hourly simple moving average.

During the upside, yesterday’s highlighted key breakout pattern was breached with resistance at $208 on the hourly chart of ETH/USD. The price traded as high as $223 and it is currently retreating a few points. An initial support is the 23.6% Fib retracement level of the recent leg from the $206 low to $223 high. There is also a connecting bullish trend line in place with support at $216 on the same chart. If there is an extended correction, the price may test $214 or the 50% Fib retracement level of the recent leg from the $206 low to $223 high.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is trading with a lot of strength and it seems like dips near $216 or $215 remains well supported. On the upside, buyers could target the $230 level in the short term.

Hourly MACD – The MACD is placed nicely in the bullish zone.

Hourly RSI – The RSI is now near the overbought levels.

Major Support Level – $215

Major Resistance Level – $230

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

BTCBULL強勢拉盤 24小時暴漲82%! 現已沖上 $0.0055 Meme 幣牛市要來了?

BTCBULL 這款上線僅三天的免費比特幣空投幣,24小時內暴漲82%,剛剛創下歷史新高 $0.0055! 這枚比特幣衍生概念幣可謂踩準時機,在比特幣昨日突破 $112,000 再創新高後強勢起飛。 ...

estherw 7 hours ago

Bitcoin Blasts to $112,017 ATH – What’s the Best Crypto to Buy Before the Next Surge?

After hovering below the $110K mark over the past few weeks, Bitcoin hit a new all-time high yesterday. Bolstered by...

Aaron Walker 8 hours ago
렛저(Ledger), 나노 시리즈 최대 30% 할인… 7월 15일까지

렛저(Ledger), 나노 시리즈 최대 30% 할인… 7월 15일까지

렛저(Ledger)가 자사의 인기 하드웨어 지갑인 나노 S 플러스(Nano S Plus)와 나노 X(Nano X)의 대부분 컬러 모델을 대상으로 7월 15일까지 30% 할인 프로모...

Soyeon Lee 8 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

Bitcoin

The Hidden Clue In Bitcoin Hourly Close: A Breakout Brewing?

Godspower Owie 4 hours ago
Solana

Is Solana About To Break Out? Key Levels And Indicators Say Watch Closely

Sandra White 5 hours ago
WLFI

Trump Family’s WLFI Token: Experts Bullish On $5 Price Projection Post-Launch

Ronaldo Marquez 6 hours ago

Premium Sponsors

Press Releases

  • Cicada Finance Kicks Off TGE, Unleashing Real Yield Assets...

    6 hours ago
  • BTCminer cloud mining

    The global economy is in a downturn, and BTCminer cloud...

    6 hours ago
  • ビットコインが過去最高の11万2,000ドル達成──15万ドル予測も浮上、今注目の仮想通貨プレセールとは?

    ...

    7 hours ago
  • ビットコインが過去最高値を更新──新興L2プロジェクトが200万ドル調達、今注目の仮想通貨おすすめは?

    ...

    7 hours ago
  • 新しい仮想通貨が220万ドル超を調達──カルダノは手数料無料機能を正式導入

    ...

    7 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.