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: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • 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: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Ethereum Price Consolidates, ETH Indicators Suggest Upside Break

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
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.

Ethereum started a recovery wave above the $1,240 level against the US Dollar. ETH could gain bullish momentum once it clears the $1,280 and $1,300 resistance levels.

  • Ethereum started a recovery wave above the $1,220 and $1,240 levels.
  • The price is now trading near $1,260 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $1,275 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must settle above the $1,300 resistance to start a decent increase in the near term.

Ethereum Price Remains In Range

Ethereum remained well bid above the $1,170 level, similar to bitcoin. ETH started a steady recovery wave above the $1,200 resistance zone.

The price was able to clear the 50% Fib retracement level of the downward move from the $1,348 swing high to $1,170 low. There was also a spike above the $1,250 resistance zone. However, the price failed to gain strength above the $1,280 level. Ether price is now trading near $1,260 and the 100 hourly simple moving average.

An immediate resistance on the upside is near the $1,275 level. There is also a key bearish trend line forming with resistance near $1,275 on the hourly chart of ETH/USD.

The trend line is near the 61.8% Fib retracement level of the downward move from the $1,348 swing high to $1,170 low. The next major resistance is near the $1,300 level. A clear break above the $1,300 resistance could set the pace for a decent recovery wave.

Ethereum Price

Source: ETHUSD on TradingView.com

In the stated case, the price could rise towards the $1,350 level. Any more gains might send the price toward the $1,400 resistance zone.

Fresh Decline in ETH?

If ethereum fails to climb above the $1,300 resistance, it could start another decline. An initial support on the downside is near the $1,225 level.

The next major support is near the $1,200 level, below which ether price may perhaps revisit the $1,170 support zone. If the bulls fail to protect the $1,170 support, there is a risk of a major decline. In the stated scenario, the price could decline towards the $1,100 support zone in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,170

Major Resistance Level – $1,300

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

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 And Ethereum Defy Price Slump With Strong Exchange Outflows

The crypto market faced in recent months, as both Bitcoin and Ethereum broke below important support levels. Bitcoin broke below...

Scott Matherson 11 hours ago
Ethereum price

Ethereum Price Lags Below $4,000—Support Levels To Watch

The Ethereum price has been one of the best performers in the cryptocurrency market in the third quarter, reaching a...

Opeyemi Sule 17 hours ago
Ethereum

Ethereum Rare RSI Signal Suggests Potential Surge To $8,000 – Details

Last week, Ethereum (ETH) prices fell below $4,000 amidst a general crypto market onslaught marked by heavy liquidations. However, the...

Semilore Faleti 20 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

Ethereum Price Bounce Looks Promising

Ethereum Price Bounce Looks Promising – But Is This Rally Actually Real?

Aayush Jindal 2 hours ago
Ethereum

Whales Scoop $1.73B In Ether As Exchange Balances Hit Nine-Year Low

Christian Encila 6 hours ago
Ethereum

Ethereum Open Interest Sees Sharpest Reset Since 2024 As Price Drops Below $4,000

Scott Matherson 7 hours ago

Premium Sponsors

Press Releases

  • ビットコイン 今後の価格展望:グーグルの30億ドル投資とウォール街の急速な参入

    ビットコイン...

    14 hours ago
  • シバコイン 今後の価格予測:24時間で700万枚以上がバーン、供給ショックの可能性は?

    シバコイン...

    15 hours ago
  • ドージコイン 今後の価格展望:0.23ドルでの動きと年末に向けた1ドル挑戦

    ドージコイン...

    16 hours ago
  • SWIFTのブロックチェーン試験と注目の仮想通貨プレセール

    ...

    16 hours ago
  • ヴァンガードのETF方針転換後に注目すべきアルトコイン

    ...

    16 hours ago

Newsletter

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.