TRENDING:
EUR/USD
US NFP
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Ethereum Price Analysis: ETH/USD looks to the heavens

  • Ethereum is trading like a rocket on Wednesday up around 10.88%.
  • The price will be heading to some key resistance levels outlined on the chart.
Ethereum Price Analysis: ETH/USD looks to the heavens
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETH/USD Daily Chart

Ethereum is steaming ahead today as crypto sentiment skyrockets again.

The ETH/USD pair is trading over 10% higher and could now hit some important resistance zones.

272.00 has provided some support in the past and therefore could act like a resistance area this time out.

Beyond that closer to 360.00 is the next target and if this momentum keeps up it might just get there.

The interesting thing is the fact that the volume is backing this move as you can see from the volume indicator at the bottom.

When the market pushes we normally hope that the volume rises too for confirmation and this is definitely the case.

Ethereum price chart

Additional Levels

ETH/USD

Overview
Today last price262.53
Today Daily Change24.80
Today Daily Change %10.43
Today daily open237.73
 
Trends
Daily SMA20191.93
Daily SMA50163.61
Daily SMA100160.92
Daily SMA200175.69
 
Levels
Previous Daily High239.55
Previous Daily Low217.93
Previous Weekly High224.35
Previous Weekly Low179.06
Previous Monthly High186.73
Previous Monthly Low125.81
Daily Fibonacci 38.2%231.29
Daily Fibonacci 61.8%226.19
Daily Pivot Point S1223.92
Daily Pivot Point S2210.11
Daily Pivot Point S3202.3
Daily Pivot Point R1245.55
Daily Pivot Point R2253.36
Daily Pivot Point R3267.17

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.