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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Price Technical Analysis – Can ETH/USD Gain Momentum?

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Ethereum Price Technical Analysis

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 made a minor low at $7.40 against the US Dollar, and started correcting higher.
  • There is a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which the pair is attempting to break at the moment.
  • A close above the trend line resistance may call for a move towards $7.75.

Ethereum price after a dip against the US Dollar started recovering. The ETH/USD pair currently is looking to break a short-term resistance.

Ethereum Price Resistance

There was a minor decline in ETH price versus the US Dollar yesterday, as the price traded below $7.50 and made a minor intraday low at $7.40. There was a move below the 76.4% Fib retracement level of the last wave from the $7.34 low to $7.82 high to complete the wave. The price later started a recovery, and climbed above the 23.6% Fib retracement level of the last decline from the $7.82 high to $7.40 low.

However, the upside move is currently facing a monster resistance near $7.55. It is comprised of a few important hurdles. First, there is a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD. Second, the 38.2% Fib retracement level of the last decline from the $7.82 high to $7.40 low. And, the last one is the 100 hourly simple moving average. All these hurdles are acting as a resistance at the moment and preventing more gains above $7.55.

Ethereum Price Technical Analysis

If there is a successful break above $7.55, there is a chance of a move towards the all-important $7.75-80 resistance area. Overall, the price may range trade and attempt to post gains in the short term.

Hourly MACD – The MACD is about to change the slope from the bearish to bullish slope.

Hourly RSI – The RSI is above the 50 level, and heading north.

Major Support Level – $7.40

Major Resistance Level – $7.75

 

Charts courtesy – SimpleFX

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

Шансы на одобрение ETF XRP подскочили до 95%

Аналитики Bloomberg теперь оценивают вероятность одобрения спотового ETF на XRP в 95%, что подогревает спекуляции вокруг возможного притока институционального капитала...

lisachaikina 57 minutes ago
bitcoin koers, wat gaat btc doen

BTC koers blijft boven $100K ondanks historisch lage vraag – wat gaat Bitcoin doen?

Ondanks een moeilijke periode is de Bitcoin koers erin geslaagd om boven de $100.000 uit te blijven. Hiermee gaat het...

Lars Diederiksen 1 hour ago
Która kryptowaluta ma większe szanse uczynić cię milionerem

Która kryptowaluta ma większe szanse uczynić cię milionerem: Solana czy Ethereum?

Inwestorzy poszukujący zysków, które mogą realnie odmienić ich życie, coraz częściej stają przed klasycznym dylematem kryptowalutowym. Z jednej strony mamy...

Zieliński Michał 1 hour 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

Il Prezzo di Ethereum Rimbalza con Forza, Superata la Resistenza a $2.350 con un +8%

clararosati 15 minutes ago
Deepseek AI

DeepSeek AI predikuje cenu BTC, SOL a PEPE – očekává růst?

Lenka Hanzlíková 17 minutes ago
Dogecoin koers

Dogecoin koers test support met $1,43 miljard volume – wat is de verwachting van DOGE?

Lars Diederiksen 36 minutes ago

Premium Sponsors

Press Releases

  • Altcoin

    Alt coin Bật Tăng Sau Tuyên Bố Ngừng Bắn Giữa...

    1 hour ago
  • Meme coin tiềm năng

    Fartcoin và SPX6900 Tăng Giá Ngược Dòng: Meme Coin...

    1 hour ago
  • ビットコイン・ブル(Bitcoin Bull)は、現在の暗号通貨市場において最も注目すべき投資機会の一つです。

    Các Đồng Coin Tiềm Năng: BTC Bull Sắp Kết Thúc...

    2 hours ago
  • Cryptocurrencies have become the best way to invest as the...

    10 hours ago
  • Global mining has no boundaries! ETHRANSACTION supports...

    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.