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: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • 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: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Ethereum Primed For Lift-Off And Move To $300 On The Cards

Aayush Jindal
Aayush Jindal
5 years ago
2 mins read
Ethereum ETH

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.

Ethereum started a downside correction from well above the $280 level against the US Dollar, similar to bitcoin. ETH price found support near $245 and it is currently forming a fresh bullish trend.

  • ETH price is trading nicely above the $245 and $250 support levels against the US Dollar.
  • The price is slowly rising and it could continue to rise if it breaks the $270 barrier.
  • There is a key bullish trend line forming with support near $254 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair could start a strong increase if it successfully clears the $270 and $272 levels.

Ethereum Price Could Resume Its Uptrend

This past week, Ethereum retested the $285-$288 resistance area against the US Dollar. However, ETH price failed to continue higher and it recently started a fresh downside correction below $270.

There was a clear break below the $260 support, but the price remained well bid above the 100 simple moving average (4-hours). It seems like the bulls protected the $242 and $245 support levels.

Moreover, there is a key bullish trend line forming with support near $254 on the 4-hours chart of ETH/USD. A swing low is formed near $243 and the price is currently rising above the $250 level.

Ethereum Price
Ethereum Price

Ethereum surpassed the 23.6% Fib retracement level of the downward move from the $287 high to $243 low. An immediate resistance on the upside is near the $265 level.

The 50% Fib retracement level of the downward move from the $287 high to $243 low is near the $265 level to act as a hurdle. The first key resistance is near the $270 level (the recent breakdown zone).

Therefore, a successful break and close above the $270 level could open the doors for a fresh increase and rally. In the mentioned case, the price might climb above the $280 and $285 resistance levels. The main target for the bulls is $300 in the coming days.

Downsides Remain Well Bid

On the downside, an initial support is seen near the $260 level. The first key support for Ethereum is near the trend line, $255, and the 100 simple moving average (4-hours).

The next support is still near the $242 and $245 levels, below which there is a risk of a sharp decline below the key $230 support area in the near term.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly moving back into the bullish zone.

4 hours RSI – The RSI for ETH/USD is rising nicely above the 50 level.

Major Support Level – $255

Major Resistance Level – $270

Tweet123Share221ShareSend
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

Ethereum Breaks Key Resistance In One Massive Move – Higher High Confirms Momentum

Ethereum Breaks Key Resistance In One Massive Move – Higher High Confirms Momentum

Ethereum has finally broken above the long-watched $2,000 resistance level—and it didn’t just edge past it, it blasted through with...

Sebastian Villafuerte 4 hours ago
XRP

Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9

The XRP price is at a make-or-break moment as it struggles to hold a critical technical level as it navigates...

Scott Matherson 5 hours ago
4 Criptomonede Alternative de Top de Cumpărat Acum

4 Criptomonede Alternative de Top de Cumpărat Acum

Drumul către redresare al XRP-ului câștigă viteză, dar mai multe altcoin-uri promițătoare atrag atenția datorită potențialului lor de creștere rapidă....

newsbtc 5 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

XRP

XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge

Scott Matherson 2 hours ago

4-те най-добри алткойна за закупуване в момента: Solaxy, Bitcoin Bull, MIND of Pepe и Best Wallet Token

newsbtc 2 hours ago
Chainlink

Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent?

Godspower Owie 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BTC breaks through $100,000 again – SIX MINING users...

    4 hours ago
  • HJB Miner: High-return AI mining, earning huge profits

    6 hours ago
  • Gate.io Releases Latest Proof of Reserves Report: Total...

    6 hours ago
  • From Zero to $100K: How Average XRP Investors Are Making...

    8 hours ago
  • Analysis of The Top 7 Cloud Mining Sites in 2025; Earn Over...

    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.