TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
RBNZ Interest Rate
Sponsored by
Login
|

Ethereum Price Analysis: ETH/USD creeps back above $160

  • ETH/USD found support at the upward trending line.
  • The Elliott Oscillator has had three red sessions out of the last four.
Ethereum Price Analysis: ETH/USD creeps back above $160
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bounced off the support at the upward trending line and went up from $156.77 to $160.05 this Tuesday. The bulls will want to end the day strong and aim to break past the $166.45 resistance line. By doing so, the price will trend above the SMA 50 as well. The second resistance lies at $174. If the bulls somehow garner enough momentum to do so, ETH/USD will break above the SMA 200. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had three red sessions out of the last four.

Key levels

ETH/USD

Overview
Today last price160.35
Today Daily Change3.58
Today Daily Change %2.28
Today daily open156.77
 
Trends
Daily SMA20147.31
Daily SMA50168.03
Daily SMA100182.44
Daily SMA200172.29
 
Levels
Previous Daily High159.3
Previous Daily Low149.86
Previous Weekly High176.48
Previous Weekly Low140.8
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%153.47
Daily Fibonacci 61.8%155.69
Daily Pivot Point S1151.33
Daily Pivot Point S2145.88
Daily Pivot Point S3141.89
Daily Pivot Point R1160.76
Daily Pivot Point R2164.74
Daily Pivot Point R3170.19


 

Author

Rajarshi Mitra

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.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple slides to $1.45 as downside risks surge

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

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: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.