Ethereum Price Analysis: ETH/USD faces the ultimate resistance at $280 amid calls to hit $300

  • Ethereum price is in the hands of the bulls amid calls for advancement above the psychological $300.
  • The RSI alongside other technical indicators signal that the bulls have the joystick but the path of least resistance is sideways.

Spot rate: $268

Relative change: -0.4024

Percentage change: -0.15

Trend: Bullish

 Volatility: Expanding

ETH/USD daily chart

Ethereum's ongoing bullish action is still mainly dependent on the breakout from a falling wedge pattern whose formation began during the retracement witnessed from June 2019’s highs above $360. The digital asset has risen above key resistance areas in January and February including $140, $260 and $270. However, the sellers’ congestion zone at $280 is proving to be an uphill task. A break past this zone is likely to stir up growth towards $300 and $360 respectively.

ETH/USD 4-hour chart

Ethereum price seems to be settling in a new consolidation range between $260 and $270. This follows a rejection from levels around $275 to $256 on Thursday. A shallow recovery reclaimed the position above $260 but failed to break the resistance at $270. ETH/USD is dancing at $267 while fighting to stay above a short term trendline (dotted). The bulls are largely in control but the push from sellers cannot be ignored. Therefore, identified support areas include the $260, $240, the 50 SMA, $230 and $220.


Today last price 11.9002
Today Daily Change -0.1261
Today Daily Change % -1.05
Today daily open 12.0263
Daily SMA20 11.4429
Daily SMA50 8.2884
Daily SMA100 6.2235
Daily SMA200 5.9031
Previous Daily High 13.0525
Previous Daily Low 11.3847
Previous Weekly High 13.1888
Previous Weekly Low 11.0306
Previous Monthly High 12.8687
Previous Monthly Low 4.1882
Daily Fibonacci 38.2% 12.0218
Daily Fibonacci 61.8% 12.4154
Daily Pivot Point S1 11.2565
Daily Pivot Point S2 10.4867
Daily Pivot Point S3 9.5887
Daily Pivot Point R1 12.9243
Daily Pivot Point R2 13.8223
Daily Pivot Point R3 14.5921



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 lacks healthy support on the downside

BTC/USD bears took the price down from $9,236.20 to $9,228.26. The daily confluence detector shows a lack of healthy support levels on the downside. On the upside, there is one strong resistance level at $9,280.

More Bitcoin News

ADA/USD continues to trend in a narrow $0.011–range

ADA/USD bears took charge of the market following two bullish days and took the price down from $0.1273 to $0.1243. Initially, the bulls managed to take the price up to $0.136, before the bears took charge. The MACD shows decreasing bullish momentum, while the RSI is trending along the edge of the overbought zone.

More Cardano News

Ethereum Price Prediction: For how long will ETH/USD stay in consolidation?

Ethereum, just like Bitcoin is in a lull with the price pivotal at $240 for a few days now. The motionless trading is taking place despite activities in the Ethereum network skyrocketing. For instance, last week the (DeFi) ...

More Ethereum News

LINK/USD is in good shape as long as it stays above $7.00

Chainlink (LINK) hit $8.53 on Monday, which is the highest level on record, and retreated to $7.24 by the time of writing. The coin has lost over 6% in the recent 24 hours and slipped to the eleventh place in the global cryptocurrency market rating.

More Chainlink 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