• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

    2023-03-31

    Market At Risk As Easy Cash Era Comes To An End

    2023-03-30

    Binance’s Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit

    2023-03-30

    Bitcoin Price Shoots Past $28,500, Key Support and Resistances

    2023-03-30

    Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

    2023-03-29
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Candy Digital Pushes Forward With New MLB NFTs After Fanatics Divestment

    2023-03-29

    Pussy Riot Protest Art NFT Triggers Russian Criminal Charges

    2023-03-29

    At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

    2023-03-29

    Art Blocks Debuts NFT Marketplace With Enforced Creator Royalties

    2023-03-29

    Degens ‘Ran Away With the Narrative’ on Gitcoin’s NFT Drop With Vitalik, Says Founder Kevin Owocki

    2023-03-29
  • Metaverse

    Siemens and MIT Tech Review Probe ‘The Emergent Industrial Metaverse’

    2023-03-30

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20
  • Analysis

    Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

    2023-03-31

    Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

    2023-03-31

    Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

    2023-03-30

    Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

    2023-03-30

    Algorand price surges over 12%

    2023-03-30
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18
  • Market Cap
The Crypto News Insider
Home»Analysis»TA: Ethereum Gearing For Another Lift-Off: Recovery Isn’t Over Yet
Analysis

TA: Ethereum Gearing For Another Lift-Off: Recovery Isn’t Over Yet

2022-07-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum is displaying optimistic indicators above the $1,100 zone towards the US Greenback. ETH might rise additional above the $1,170 resistance zone.

  • Ethereum gained energy for a transfer above the $1,100 and $1,120 ranges.
  • The worth is now buying and selling above $1,120 and the 100 hourly easy shifting common.
  • There’s a key bullish development line forming with assist close to $1,120 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
  • The pair might proceed to rise if there’s a transfer above the $1,170 resistance zone.

Ethereum Worth Stays Supported

Ethereum made one other try to clear the $1,165 and $1,170 resistance ranges. Nonetheless, the bears have been energetic close to the $1,170 degree.

The latest excessive was fashioned close to $1,169 earlier than there was a draw back correction. The worth traded beneath the $1,150 and $1,130 assist ranges. Ether worth traded beneath the 50% Fib retracement degree of the upward transfer from the $1,076 swing low to $1,170 excessive.

Nonetheless, the bulls appear to be energetic close to the $1,120 assist zone. It additionally discovered assist close to the 61.8% Fib retracement degree of the upward transfer from the $1,076 swing low to $1,170 excessive.

Ether is now buying and selling above $1,120 and the 100 hourly easy shifting common. There’s additionally a key bullish development line forming with assist close to $1,120 on the hourly chart of ETH/USD. A right away resistance on the upside is close to the $1,150 degree.

Ethereum Price

Supply: ETHUSD on TradingView.com

The following main resistance is close to the $1,170 zone, above which the value could maybe surpass the $1,200 resistance. Within the acknowledged case, the value might rise in the direction of the $1,250 resistance. Any extra positive aspects would possibly ship the value in the direction of the $1,320 zone.

See also  BLUR plummets 84% following 360M token airdrop

Contemporary Decline in ETH?

If ethereum fails to rise above the $1,170 resistance, it might begin one other draw back correction. An preliminary assist on the draw back is close to the $1,120 zone.

The following main assist is close to the $1,100 zone and the 100 hourly easy shifting common. A draw back break beneath the $1,100 assist could maybe spark one other decline. On this case, the value would possibly drop in the direction of the $1,070 degree.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now gaining momentum within the bullish zone.

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

Main Help Stage – $1,100

Main Resistance Stage – $1,170

Source link

Ethereum Gearing isnt LiftOff Recovery
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31

Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

2023-03-30

Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

2023-03-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Cardano [ADA] faces price rejection at $0.4214, further gains…

2023-02-16

Under-the-Radar Altcoin Surges More Than 115% in Seven Days, Defying the Crypto Market Doldrums

2022-07-16

FTX Token (FTT) Price Rises 30% As CEO John J Ray III Plans To Restart Exchange

2023-01-19

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,149.00-1.88%
  • ethereumEthereum(ETH)$1,807.040.11%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$316.97-0.25%
  • usd-coinUSD Coin(USDC)$1.00-0.05%
  • rippleXRP(XRP)$0.53-1.95%
  • cardanoCardano(ADA)$0.3960194.09%
  • staked-etherLido Staked Ether(STETH)$1,804.130.23%
  • dogecoinDogecoin(DOGE)$0.0759370.78%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}