|

Ethereum Market Update: ETH/USD bulls relentlessly fight to conquer $200

  • Ethereum rises to battle the resistance at the 50% Fibo in the journey to break above the $200 seller congestion zone.
  • ETH/USD is primed for more bullish action according to various technical indicators including the RSI and the MACD.

Ethereum bulls have made it their personal mission to bring down the bearish front at $200. After the reversal from the weekly support at $180, ETH/USD is extending the bullish leg to $190. Meanwhile, the price is battling a seller congestion zone at the 50% Fibonacci retracement level taken between the last drop from $290 to a swing low at $90. Ether has a market value of $188 and has pushed higher by 1.54% amidst a growing bullish momentum.

The entire cryptocurrency market is in the green based on the intraday price levels. Bitcoin is up a subtle 0.45% and trading at $7,527. On the other hand, Ripple is up 1.75% and teetering at $0.1967. The most improved cryptocurrencies this week are Stellar (XLM) and Cardano (ADA).

Ethereum price technical picture

The 4-hour picture clearly places Ethereum bulls in control. Besides sustaining an uptrend above an ascending trendline since the crash on March 12 to $90, Ether has shown the potential to recover by testing the $190 seller congestion zone twice in less than seven days.

Technical indicators are also in favor of the bulls with the MACD moving higher into the positive area. A bullish trend also emphasizes that buyers have an upper hand. Another key bullish indicator is the RSI as it settles above 60 following recovery from 41.51 (low levels of the week). Meanwhile, all the eyes are on $200, a milestone that is possible as long as Ethereum can rise above the $190 bump.

ETH/USD 4-hour chart
ETH/USD price chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Bitcoin Weekly Forecast: No recovery in sight 

Bitcoin price continues to trade sideways between $65,729 and $71,746, extending its consolidation since February 7. US-spot ETFs record an outflow of $403.90 million through Thursday, pointing to the fifth consecutive week of withdrawals.

Pi Network Price Forecast: PI recovery stalls amid profit-taking

Pi Network tests 50-day EMA support on Friday, after a 5% decline the previous day. PiScan data shows large deposits on CEXs totaling over 4 million PI tokens in the last 24 hours, reflecting an exodus of investors taking profits.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.