TRENDING:

EUR/USD

GBP/USD

Ethereum Price Analysis: ETH/USD bulls take over, breaks past SMA 200

ETH/USD rose from $170.50 to $173.43 on Tuesday.
The Elliott Oscillator in the daily ETH/USD chart has had a red session following five consecutive green sessions.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD went up from $170.50 to $173.43 in the early hours of Tuesday. The price broke past the resistance offered by the SMA 200. The SMA 20 has crossed over the SMA 50 to chart the bullish cross pattern. The price is presently charting in an upward channel formation. The MACD indicates sustained bullish momentum, while the Elliott Oscillator has had a red session following five consecutive green sessions.

ETH/BTC daily chart

ETH/BTC has gone up from 0.0248 to 0.025 after finding support at the upward trending line. Quite like the ETH/USD daily chart, ETH/BTC has also charted a bullish cross, with the SMA 20 crossing over the SMA 50. The Elliott Oscillator has charted six straight green sessions of increasing intensity, while the RSI indicator has risen from 63.74 to 65.20, edging ever so closer to the overbought zone.

Key levels

ETH/BTC

Overview
Today last price	0.03
Today Daily Change	0.01
Today Daily Change %	50.00
Today daily open	0.02

Trends
Daily SMA20	0.02
Daily SMA50	0.02
Daily SMA100	0.02
Daily SMA200	0.02

Levels
Previous Daily High	0.03
Previous Daily Low	0.02
Previous Weekly High	0.02
Previous Weekly Low	0.02
Previous Monthly High	0.03
Previous Monthly Low	0.02
Daily Fibonacci 38.2%	0.03
Daily Fibonacci 61.8%	0.03
Daily Pivot Point S1	0.02
Daily Pivot Point S2	0.02
Daily Pivot Point S3	0.02
Daily Pivot Point R1	0.03
Daily Pivot Point R2	0.03
Daily Pivot Point R3	0.03

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Markets move fast. We move first.

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

Editor's Picks

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve

Meme coins such as Dogecoin, Shiba Inu, and Pepe are leading the cryptocurrency market rally driven by the US cross-border operation to capture Venezuelan President Nicolás Maduro. Dogecoin extends its gain for the fifth consecutive day while SHIB and PEPE take a pause.

Cardano Price Forecast: ADA breaks above falling wedge, upside constrained by geopolitical risks

Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest rising and long bets increasing among market participants.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Top Crypto Gainers: Brett, Bonk, Dogwifhat – Meme coins rally amid US-Venezuela tensions

Meme coins, including Brett (BRETT), Bonk (BONK), and Dogwifhat (WIF), lead the crypto market rally with double-digit gains over the last 24 hours following the US capture of Venezuelan President Nicolás Maduro on Saturday. Technically, meme coins could extend gains as bulls maintain firm control.

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.