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 Is Declining Following The Merge, Vital Trading Levels To Follow

anushsamal
anushsamal
2 years ago
2 mins read
Ethereum Price

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.

The Ethereum price showed no positive effect despite the successful completion of the Merge.

Over the last 24 hours, the coin depreciated by 2%, and in the last week, Ethereum noted a 17% decline. At the moment, ETH is trading sideways with very little change in price.

A further drop in prices would mean that Ethereum could be captured by the bears. Technical indicators have turned bearish at the time of writing.

Sellers are dominating at the time of writing, which points towards increased chances of the bears taking over.

The current support line for Ethereum was $1,350, and if buyers push back into the market, Ethereum could move slightly upwards.

Ethereum could be facing strong resistance at the $1,500 price level.

Bitcoin’s chart also hasn’t looked very positive in the past few days as BTC revisited the $19,800 price zone. Increased buying power could lead to a short-term breakout near the $1,500 price zone for Ethereum.

Ethereum Price Analysis: One Day Chart

Ethereum Price
Ethereum was priced at $1,431 on the one-day chart | Source: ETHUSD on TradingView

ETH was trading at $1,431 at the time of writing. The coin was moving further close to its immediate support line of $1,350.

The immediate resistance mark for Ethereum was at $1,500, which earlier acted as a support zone for the coin.

It is now consolidating near the $1,400 price zone. With buyers coming back into the market, Ethereum might be able to zoom past the $1,500 price level.

However, it is yet to be seen how long the coin manages to trade above its overhead resistance. The amount of Ethereum traded declined in the past session, signalling that sellers have taken charge of the price action.

Technical Analysis

Ethereum Price
Ethereum displayed a fall in buying strength on the one-day chart | Source: ETHUSD on TradingView

ETH registered a fall in the number of buyers as they seemed to have lost confidence in the asset given that Ethereum barely registered positive movement after the completion of the Merge.

The Relative Strength Index was below the half-line, as an indication that buyers left the market.

The Ethereum moved below the 20-SMA line, and that was also another indication of the sellers’ driving the price momentum in the market.

Buying strength can help ETH rise above the 20-SMA, reinstating some positive price action.

Related Reading: Ethereum Faces Test Of Survival After Merge, Can $1,400 Support Hold?
Ethereum Price
Ethereum depicted a sell signal on the one-day chart | Source: ETHUSD on TradingView

Other indicators of Ethereum have also depicted bearish price action, with an intense sell-off across most indicators.

The Awesome Oscillator measures the price momentum and the overall direction of the asset. AO depicted red histograms underneath the half-line, signifying the sell signal for the coin.

Bollinger Bands depict price volatility and fluctuations.

The bands narrowed, which was indicative of rangebound price movement for Ethereum.

Related Reading: Ethereum Price Stalls While Bitcoin Dips Below $20,000 Post Merge
Featured image from Pixabay, chart from TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

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

Sei

Sei Network Unlocks Japan Market After Hitting $626M In TVL

US traders and DeFi fans have turned their eyes to Sei Network (SEI) after its Total Value Locked (TVL) climbed...

Christian Encila 3 hours ago
Dogecoin

Is Dogecoin Prepping For Takeoff? Fib Reaction And Trend Support Say Yes

Dogecoin may be gearing up for its next breakout. After holding firm near $0.17 on the weekly chart, DOGE recently...

Godspower Owie 6 hours ago
Bitcoin Hyper $HYPER presale meme coin

Bitcoin Hyper je dosegel mejnik 2 milijona dolarjev

Ker je od prvih vlagateljev Bitcoin Hyper zbral že več kot 2 milijona dolarjev, hitro postaja resen kandidat za naslednji...

tanjapotocnik 7 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

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

Ronaldo Marquez 11 minutes ago
Bitcoin

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

Scott Matherson 37 minutes ago
Dogecoin price news

Dogecoin To $3.94 This Cycle? This Chart Says It’s No Meme

Jake Simmons 2 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    8 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    9 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    9 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    9 hours ago
  • MEXC Launchpad Debuts PUMP Token with Exclusive 40%...

    9 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.