|

Ethereum price analysis: ETH/USD attempting to break above $533,  61.8% Fibo in focus

  • Ethereum shows resilience above $500.
  • Bulls need to take the coin above 61.8% Fibo.

Ethereum consolidates gains firmly above $500threshold, which makes the short-term technical picture looks bullish. Once the price is above $533, the bulls will have a chance to take it to $560 (50-EMA, daily chart) and $570 (61.8% Fibo).

ETH/USD gained over 1.5% amid quiet Asian trading as most of the digital currencies snoozed in the ranges. The second largest coin by market value remains bid due to rising interest to ERC20 tokens.

On the hourly chart, ETH/USD is trading in a range limited by $533 on the upside and $500 on the downside. The breakout in either direction will add momentum to the listless trading. Should bears have the upper hand, the coin may dip to $490 (200-EMA, hourly chart) and continue the sell-off towards $430. On the upside, the ultimate bullish target is set at $570.00; it is followed by $600.

ETH/USD, the hourly chart

ETH/USD, the hourly chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Cardano Price Analysis: Approaches key trendline amid bearish sentiment

Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest continuing to fall and short bets rising among traders.

Top Crypto Gainers: Decred, Zcash, and Dogecoin lead recovery as Bitcoin crosses $72,000

Bitcoin trades above $72,500 at press time on Thursday, holding its 6% gain from the previous day, contributing to a broader market recovery. The total cryptocurrency market capitalization stands at over $2.43 trillion as the broader market sentiment improves significantly.

Trump presses Congress on CLARITY bill after meeting with Coinbase CEO

US President Donald Trump is urging legislators to pass the CLARITY Act after allegedly meeting with Coinbase CEO Brian Armstrong amid growing dispute over stablecoin yields.

Ethereum Price Forecast: ETH jumps alongside a spike in open interest, realized price could limit upside

Ethereum (ETH) has jumped above $2,100 on Wednesday, following a general recovery across the crypto market. The move was accompanied by a spike in Ethereum's open interest, which has increased to 13.43M ETH — its highest level since January 31. The top altcoin's OI has been rising since February 19, adding 1.2M ETH over the past two weeks. 

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: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.