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 – ETH/USD Back to Square One

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

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 failed badly to move past $309 against the US Dollar and started a new downside wave.
  • There is a short-term bullish trend line with support at $288.50, holding losses on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price might correct higher, but likely to decline further towards $280 in the near term.

Ethereum price is struggling to gain momentum against the US Dollar and Bitcoin. ETH/USD failed near $309 and is currently trading below $300.

Ethereum Price Resistance

Yesterday, we saw a decent rise in ETH price above the $300 level against the US Dollar. The price managed to move above $305 and traded close to the $310 level. A high was formed at $309.43 where buyers failed to push the price further higher. There were two attempts to take the price above $309.50, but sellers defended more gains successfully. As a result, a new downside wave was initiated and the price moved below the 38.2% Fib retracement level of the last wave from the $273.67 low to $309.43 high.

The price also moved below the $300 level and the 100 hourly simple moving average. It means the price once again moved back in the bearish zone below $300. At the moment, the price is trading below the 50% Fib retracement level of the last wave from the $273.67 low to $309.43 high. The ETH/USD pair is also attempting a close below a short-term bullish trend line with support at $288.50.

Ethereum Price Technical Analysis ETH USD

Once there is a close below $288.50, there are chances of more declines. On the upside, the 100 hourly SMA at $294 might act as a resistance. Moreover, there is a bearish trend line with resistance at $295.40. Overall, the price is back in the bearish zone and needs to move back above $296 to avoid any further declines.

Hourly MACD – The MACD has just moved into the bearish zone.

Hourly RSI – The RSI is currently well below the 50 level.

Major Support Level – $288

Major Resistance Level – $296

 

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

Bitcoin

Bitcoin Down But Not Out—Analyst Sees Recovery Ahead Amid Middle East War

Bitcoin briefly slid to $98,974 late on Sunday after US airstrikes targeted Iranian nuclear facilities. That was its weakest point...

Christian Encila 1 hour ago

Il crollo di Bitcoin non è finito: il vero supporto è sotto i 90.000$

Il crollo del prezzo di Bitcoin è stato innescato da crescenti tensioni geopolitiche: Iran e Israele continuano a sfidarsi, e...

Maria Giovanna Ambrosio 2 hours ago
Crypto bull run over news

Crypto Bull Run Over? Here’s What A Top Trader Just Said

With Bitcoin precariously recovering above the $100,000 mark and altcoins bleeding momentum, traders are asking the obvious: Is the crypto...

Jake Simmons 2 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

robert kiyosaki, crypto crash, crypto veilig

Robert Kiyosaki voorspelt: grootste crash ooit komt er aan – welke crypto is veilig?

Lars Diederiksen 5 minutes ago
Solana ili Ethereum – koja kriptovaluta ima veće šanse stvoriti milijunaše

Solana ili Ethereum – koja kriptovaluta ima veće šanse stvoriti milijunaše?

newsbtc 9 minutes ago
sec vs ripple, ripple rechtszaak, wat gaat ripple doen

SEC vs Ripple rechtszaak: XRP betreedt laatste hoofdstuk van crypto strijd – wat gaat Ripple doen?

Lars Diederiksen 34 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • Gate’s Nearly 70% MoM Growth in Derivatives Volume...

    4 minutes ago
  • Why Freelancers Love SenturoPay: Pay Anywhere, Anytime with...

    19 minutes ago
  • Meme Coin Tiềm Năng Nên Mua: Vì Sao Snorter Được...

    24 minutes ago
  • Potential Coin Meme

    Các Đồng Coin Tiềm Năng Đáng Chú Ý Sau Đợt...

    36 minutes ago
  • Đợt Bùng Nổ Crypto Tiếp Theo? 5 Alt coin Hứa...

    50 minutes 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.