• Ethereum is trading 0.50% higher on Thursday as some short term bullish sentiment kicks in.
  • The price is moving up but may find some resistance at a confluence level.

ETH/USD 1-hour chart

Ethereum has just pushed higher on Thursday as some bullish sentiment kicked in during the US session. Most of the majors pushed higher and Ethereum looks to test some key levels. On the longer-term price charts, the pair is still in a basing/consolidation pattern. The price fell pretty hard over the last 30 days and reached a low of 90.00 but now there is a glimmer of hope for the bulls. 

On the chart below, the price is now heading toward the key Fibonacci retracement ratio of 61.8%. This level is close to the 140.00 psychological figure and a resistance zone where there had been some congestion in the past. There is also the red trendline in the way of a move higher but it seems like there could be enough momentum to take the price through the zone. For confirmation I would look for a surge in volume. Lastly, the RSI trendline is also breaking through a trendline which also can be a bullish signal.

Ethereum pushes higher

Additional levels


Today last price 136.8
Today Daily Change 0.51
Today Daily Change % 0.37
Today daily open 136.29
Daily SMA20 152.8
Daily SMA50 207.2
Daily SMA100 178.88
Daily SMA200 176.57
Previous Daily High 142.56
Previous Daily Low 132.83
Previous Weekly High 153.32
Previous Weekly Low 100.73
Previous Monthly High 288.7
Previous Monthly Low 179.06
Daily Fibonacci 38.2% 136.54
Daily Fibonacci 61.8% 138.84
Daily Pivot Point S1 131.89
Daily Pivot Point S2 127.5
Daily Pivot Point S3 122.17
Daily Pivot Point R1 141.62
Daily Pivot Point R2 146.95
Daily Pivot Point R3 151.35



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Prediction: BTC/USD is one major bump away from spiking to $10,000

Bitcoin price is still in the red three days in a row. On Tuesday, BTC succumbed to selling pressure, briefly breaking below the support at $9,200. A recovery ensued with Bitcoin spiking towards $9,300, however, an intraday high during ...

More Bitcoin News

Ripple Price Analysis: XRP/USD consolidates below the $0.2–level

XRP/USD bears regained control after a slightly bullish Tuesday. The price has gone down from $0.1991 to $0.1990 in the early hours of Wednesday. The price has dropped below the flag formation and ...

More Ripple News

ETH/USD in consolidation, here is the bullish scenario to $280

Ethereum bulls have managed to correct the negative gradient on Tuesday with a shallow recovery to the former pivotal level at $240. Investor interest has remained high despite Ether being a poor performer.

More Ethereum News

NEO Price Forecast: NEO/USD explodes 5% in a Bitcoin consolidation market

NEO is arguably the most-improved cryptocurrency in the cryptocurrency market. In spite of the consolidation witnessed among major cryptoassets such as Bitcoin and Ethereum, NEO/USD is ...

More NEO News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast