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 Trading Near Make-or-Break Levels: Can ETH Bulls Save The Day?

Aayush Jindal
Aayush Jindal
5 years 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 surged to a new 2020 high at $187 and it is currently correcting lower against the US Dollar, similar to bitcoin. ETH price must stay above $178 to continue higher in the near term.

  • ETH price is currently correcting lower from the $187 yearly high against the US Dollar.
  • The price could decline heavily if it breaks the $178 and $175 support levels.
  • There is a crucial bullish trend line forming with support near $178 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair could either surge again above $187 or it might extend its correction towards $170.

Ethereum Price Testing Important Support

This past week, Ethereum managed to outpace bitcoin, with strong gains above the $170 level against the US Dollar. ETH price even broke the $180 resistance and settled above the 100 simple moving average (4-hours).

It traded to a new 2020 high at $187 and recently started a downside correction. There was a break below the 23.6% Fib retracement level of the last upward move from the $170 swing low to $187 high.

Ethereum price is now trading near the $180 support area. Besides, there is a crucial bullish trend line forming with support near $178 on the 4-hours chart of ETH/USD.

Ethereum Price
Ethereum Price

More importantly, the 50% Fib retracement level of the last upward move from the $170 swing low to $187 high is also near the $178 level. Therefore, a downside break below the $178 support level might spark a strong decline in the short term.

The next main support is near the $175 level, below which there is a risk of a downside extension towards the $170 support and pivot area. The 100 simple moving average (4-hours) is also positioned near the $168-$170 support area.

ETH To $200?

If Ethereum bulls are able to protect the $178 support and the trend line, there are chances of a fresh increase. On the upside, an initial resistance is near the $184 level and a connecting bearish trend line on the same chart.

A successful break above the $184 barrier will most likely open the doors for a larger upward move in the coming sessions. An immediate resistance is near the $187-$188 area. A clear break above $188 is likely to lead the price towards the $200 handle in the near term.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly moving in the bearish zone.

4 hours RSI – The RSI for ETH/USD is currently declining and approaching the 50 level.

Major Support Level – $178

Major Resistance Level – $188

Tweet123Share220ShareSend
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

新しい仮想通貨が注目集める:Solanaが145ドルに回復、レイヤー2プレセールの未来とは?

新しい仮想通貨が注目集める:Solanaが145ドルに回復、レイヤー2プレセールの未来とは?

暗号資産市場は数か月間で激しい変動を経験した。ようやく回復の兆しを見せている。世界の暗号資産市場の時価総額は3.06兆ドルに達し、24時間で2.54%上昇した。 CoinMarketCapによると、S...

Yohei Hanazato 42 minutes ago
Steak 'N Shake to Accept Bitcoin Payments in the US, Sending New Crypto to Explosive Highs

Steak ‘N Shake to Accept Bitcoin Payments in the US, Sending New Crypto to Explosive Highs

In what could be a historic move for cryptocurrency in the retail industry, Steak ‘n Shake, the popular American fast...

NewsBTC 50 minutes ago
仮想通貨 おすすめ:ビットコインETF資金流入が加速、FRB決定前に注目の銘柄は?

仮想通貨 おすすめ:ビットコインETF資金流入が加速、FRB決定前に注目の銘柄は?

暗号資産(仮想通貨)の価格は今週に入り下落傾向を示しており、市場の関心は5月8日(水)の米連邦準備制度理事会(FRB)による金利決定に移っています。 ビットコイン(BTC)は、先週記録した高値97,0...

Yohei Hanazato 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

Bitcoin

Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling

Christian Encila Just now
仮想通貨 プレセール注目:EOSがVaultaスワップで急騰、新興プロジェクトにも追い風

仮想通貨 プレセール注目:EOSがVaultaスワップで急騰、新興プロジェクトにも追い風

Yohei Hanazato 1 minute ago
イーサリアムの大型アップグレードで再注目、今選ぶべき仮想通貨 おすすめとは?

イーサリアムの大型アップグレードで再注目、今選ぶべき仮想通貨 おすすめとは?

Yohei Hanazato 18 minutes ago

Premium Sponsors

Top Brands

Press Releases

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

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

    2 hours ago
  • Launch Your Bitcoin Miner with Dogecoin (DOGE) and Make Up...

    3 hours ago
  • BTC surged by $100,000 and its market value exceeded $2...

    7 hours ago
  • 2025 Ripple Whales Are Quietly Betting Big on This Cloud...

    14 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.