|

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:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.