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

Ethereum Price Analysis: ETH/USD experiences bearish correction following a heavily bullish Wednesday

  • ETH/USD had a bearish start to the day and faces resistance levels at $214.95 and $224.25. 
  • The Elliott Oscillator and MACD shows sustained bearish sentiment.
Ethereum Price Analysis: ETH/USD experiences bearish correction following a heavily bullish Wednesday
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD had a bearish start to Thursday as it fell from $208.37 to $207.50. The MACD shows sustained bearish momentum, while the Elliott Oscillator has had eight consecutive red sessions. Finally, the RSI is trending horizontally around the neutral zone.

ETH/USD faces two strong resistance levels at $214.95 and $224.25. On the downside, there are four healthy support levels at SMA 20, $202.50, SMA 50 and $188.70.

Key levels

ETH/USD

Overview
Today last price207.06
Today Daily Change-1.31
Today Daily Change %-0.63
Today daily open208.37
 
Trends
Daily SMA20202.77
Daily SMA50192.4
Daily SMA100186.49
Daily SMA200176.17
 
Levels
Previous Daily High208.37
Previous Daily Low200.89
Previous Weekly High216.98
Previous Weekly Low191.49
Previous Monthly High227.37
Previous Monthly Low128.95
Daily Fibonacci 38.2%205.51
Daily Fibonacci 61.8%203.75
Daily Pivot Point S1203.38
Daily Pivot Point S2198.4
Daily Pivot Point S3195.91
Daily Pivot Point R1210.86
Daily Pivot Point R2213.35
Daily Pivot Point R3218.33


 

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

Starknet Price Forecast: STRK rally tests key breakout amid proposed Layer-1 transition

Starknet Price Forecast: STRK rally tests key breakout amid proposed Layer-1 transition

Starknet is up 16% so far on Friday, advancing its steady recovery of nearly 200% since mid-August. The rally aligns with the rising demand for financial anonymity in the cryptocurrency market and the CEO of StarkWare, Eli Ben-Sasson’s proposed transition of Starknet to Layer-1 to achieve quantum security by 2027.

Top 3 Price Prediction: BTC sheds 5%, ETH loses 50-day EMA, XRP risk breakdown

Top 3 Price Prediction: BTC sheds 5%, ETH loses 50-day EMA, XRP risk breakdown

Bitcoin, Ethereum, and Ripple remain under pressure on Friday after losing over 5%, 9% and 8% so far this week. BTC trades below $82,000, ETH loses $2,500, while XRP retreats toward a key support zone. The price action of these top three cryptocurrencies now faces critical technical levels that could determine whether the correction deepens or a recovery takes shape.

Ethereum Price Forecast: ETH drops below $2,500 as rising Treasury yields trigger selling pressure​

Ethereum Price Forecast: ETH drops below $2,500 as rising Treasury yields trigger selling pressure​

Ethereum fell below $2,500 on Thursday, down nearly 4% and extending losses for a third consecutive day. The decline follows rising Oil prices and US Treasury yields over the past few days. The 10Y Note Yield reached a 24-year high at 5.35%, and the 30Y Note Yield climbed above 5.70% earlier in the day, sparking major distributions in the crypto market.

Hyperliquid Price Forecast: HYPE drops to $84 as Hyperliquid Labs begins $330 million OTC distribution

Hyperliquid Price Forecast: HYPE drops to $84 as Hyperliquid Labs begins $330 million OTC distribution

Hyperliquid Labs distributed 3.75 million HYPE tokens, worth about $330 million, through an over-the-counter (OTC) arrangement with an undisclosed institution, rather than selling the tokens on public exchanges. According to onchain data shared by OnchainLens on Wednesday, the tokens completed a seven-day unstaking period before the full allocation was credited to Hyperliquid Labs’ spot balance.
Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.