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

Ethereum Price Analysis: ETH/USD stays flat above $200

  • Ethereum loses momentum as daily RSI rises to 70.
  • ETH/USD remains on track to close sixth straight week higher.
Ethereum Price Analysis: ETH/USD stays flat above $200
Eren SengezerEren SengezerFXStreet

Ethereum (ETH/USD) stayed relatively quiet on Saturday and gained 1% to close at $214. Although the pair edged higher to $220 earlier in the day, it seems to be having a difficult time gathering momentum. As of writing, the pair was virtually unchanged on the day at $214.50. On a weekly basis, the pair is up more than 8% and remains on track to close sixth straight week in the positive territory.

Technical outlook

After posting modest gains on Saturday, the RSI indicator for the pair rose to 70 to show that the pair is technically overbought and could retrace a portion of its rally before continuing to edge higher. On the downside, $200 (psychological level) could be seen as the first support ahead of $190 (100-day SMA, 20-day SMA). Resistances, on the other hand, are located at $227 (Apr. 30 high), $240 (static resistance) and $250 (March 7 high). 

Author

Eren Sengezer

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

More from Eren Sengezer
Share:

Editor's Picks

Crypto Market Overview: Bitcoin holds above $77,000 – PENGU and AAVE eye further gains

Crypto Market Overview: Bitcoin holds above $77,000 – PENGU and AAVE eye further gains

The broader cryptocurrency market is gaining momentum with Bitcoin above $77,000 holding its 23% gains from last week. Renewed institutional demand, with $1.92 billion in inflows last week, the largest so far in 2026, backs the risk-on sentiment. Pudgy Penguins and Aave have emerged as top performers over the last 24 hours.

Top 3 Price Prediction: BTC, ETH and XRP pause as momentum indicators signal overbought conditions, massive rallies

Top 3 Price Prediction: BTC, ETH and XRP pause as momentum indicators signal overbought conditions, massive rallies

Bitcoin, Ethereum, and Ripple hover around key levels on Monday, with a bullish bias but appearing stretched after surging over 23%, 31% and 53% in the previous week. Such a massive rally suggests the top three cryptocurrencies could consolidate or pull back in the short term as traders take profits.

I thought newly launched meme coins were my ticket to wealth: Here's what actually happened

I thought newly launched meme coins were my ticket to wealth: Here's what actually happened

I’ve been trading cryptocurrencies for the past seven years, with meme coins becoming one of the most exciting and implacable parts of my experience. I love them because they represent internet culture and community sentiment, and let’s be honest, extreme speculation. Newly launched meme coins were especially tempting: get in early enough, I thought, and a small bet could turn into a huge return.

Bitcoin eyes breakout above $80,000 as macro tailwinds build

Bitcoin eyes breakout above $80,000 as macro tailwinds build

Bitcoin’s (BTC) latest rally is primarily driven by improving macroeconomic conditions rather than crypto-specific factors, according to a Thursday report by CoinShares. The firm stated that recent economic data have weakened the case for further US monetary tightening.
Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.