TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Ethereum Price Analysis: 142.00 seems to be a big hurdle for ETH/USD

  • ETH/USD trades just over 1% lower on Friday as mixed sentiment grips the crypto market.
  • The price has broken out of the chart pattern and looks to be heading to higher levels.
Ethereum Price Analysis: 142.00 seems to be a big hurdle for ETH/USD
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETH/USD 1-hour chart

Ethereum has been in a sideways pattern since 13th March 2020. This is the phase after the fall from 290.00 to 90.00 which saw the pair lose $200.00 per coin. Since then the price has been making higher lows but failed to break the high of 154.00 marked by the red line on the chart. First, the price needs to take out the green resistance line of 141.82.

Looking slightly closer at the chart now, the price is trading above the 200 and 55 moving averages. The MACD indicator has just turned positive as the histogram has turned from red to green. The wave high break of 142.50 would be a big coup for the bulls especially if the breaks happens with high volume. 

Ethereum Triangle Pattern

Additional levels

ETH/USD

Overview
Today last price137.45
Today Daily Change-1.34
Today Daily Change %-0.97
Today daily open138.79
 
Trends
Daily SMA20147.46
Daily SMA50205.89
Daily SMA100179.04
Daily SMA200176.4
 
Levels
Previous Daily High139.93
Previous Daily Low133.48
Previous Weekly High153.32
Previous Weekly Low100.73
Previous Monthly High288.7
Previous Monthly Low179.06
Daily Fibonacci 38.2%137.47
Daily Fibonacci 61.8%135.94
Daily Pivot Point S1134.87
Daily Pivot Point S2130.95
Daily Pivot Point S3128.41
Daily Pivot Point R1141.32
Daily Pivot Point R2143.85
Daily Pivot Point R3147.77

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

Pi Network extends consolidation as bulls eye $0.10

Pi Network extends consolidation as bulls eye $0.10

Pi Network price holds steady on Friday, maintaining a consolidating tone for three consecutive days. Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases.

Bitcoin Weekly Forecast: Hormuz uncertainty clouds BTC outlook

Bitcoin Weekly Forecast: Hormuz uncertainty clouds BTC outlook

Bitcoin trades around $62,900 on Friday, down over 3% so far this week, but signs of stabilization are emerging. Tensions in the Strait of Hormuz are keeping Oil prices and the war-risk premium elevated, supporting the US Dollar and weighing on BTC.

Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts

Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts

Bitcoin trades below $63,000 on Friday, projecting a downside bias as selling pressure resurfaces. Ethereum and Ripple also take a bearish path, risking a drop below the 50-day Exponential Moving Average at $1,856 and the $1.00 psychological support, respectively.

Bitcoin SV Price Forecast: BSV hits three-month high, eyeing 200-day EMA breakout

Bitcoin SV Price Forecast: BSV hits three-month high, eyeing 200-day EMA breakout

Bitcoin SV (BSV) is up nearly 2% on Friday, extending a steady upward trend over the last two weeks. Retail strength builds in BSV amid multiple vulnerabilities found in the Bitcoin ecosystem.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.