BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Ethereum Price Consolidates Under $140 Before Lift-off Above $160 – Technical Picture

Ethereum Price Consolidates Under $140 Before Lift-off Above $160 – Technical Picture

Ethereum price upside movements limited by the trendline resistance, $140 and $142 hurdles.
Ethereum is technically ready to lift off to levels above $160 but fundamentals keep lagging behind.

Ethereum price is trading under the key $140 resistance zone. At the same time, the downside is strongly protected at $135. The bulls are in control during the European session. The main goal is to step above the descending trendline resistance and sustain gains above $142 (nest resistance target).
At the time of writing, Ether has a market value of $137.54. The path of is least resistance is to the north. The price is doddering above the moving averages in the hourly range. Initial support is provided by the 50 SMA at 137.54 while the 100 SMA is in a position to curb declines at $133.45.
Ethereum Price Technical Picture
The Moving Average Convergence Divergence (MACD) has taken a breather above the mean line (0.000) after correcting lower from a recent high at +2.81. An upward trending Relative Strength Index (RSI) in the same 1-hour range signals that the bulls are in control. Motion towards the overbought will continue to instill confidence into the buyers, further strengthening the bullish moment. Moreover, a break above the trendline resistance, the hurdles at $140, and $142 could give ETH/USD a kick into the trajectory above $160.
ETH/USD 1-hour chart
ETH/USD price chart by Tradingview
The buyers must be careful not to lose sight of higher levels at $160 and $200. This way they will be able to sustain the price above $135 if not $140. In case of increased selling activities, ETH/USD is likely to find support at $120, $110 and $100.
Ethereum Price Key Levels
Spot rate: $136.63
Relative change: 0.22
Percentage change: 0.16%
Trend: Strongly bullish
Volatility: Shrinking

BitRss.com shares this Contents with License.

Thank you for Share!

   

Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

  • BlockChain Knowledge Base

  • Cryptocurrency Knowledge Base

  • Bitcoin Knowledge Base


    BITRSS | Submit Your Crypto NEWS

    BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin and related Crypto stories.

    Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.

    Protected by Copyscape

    Please support BitRss.com: if you like it, share your favorite News to your Socials!


24h Most Popular News