|

Ethereum Price Prediction: ETH/USD bulls gunning for $200 return– Confluence Detector

  • Ethereum is holding strong gains in the latter stages of trading on Friday of 4.50%.
  • ETH/USD bulls have the opportunity to capitalize on a bullish flag structure.

Ethereum price is trading firmly in the green in the second half of the day on Thursday, up with gains of just 4.50%. Bulls are attempting to firm their recent bounce towards recovery after the selling of April came to a halt on 26th.

ETH/USD has been moving within a bullish flag pattern formation, with the current daily candlestick edging out from the structure. Bulls have the opportunity to run further north if playing out to the textbook, eyes on the psychological $200 mark.

Looking via the confluence detector, in terms of barriers to the upside; $170.50, monthly 38.2% Fibonacci, $174.03, weekly pivot point resistance, $177.56, last week high. To the downside, $166.97, weekly  61.8% Fibonacci, daily pivot point support, $165.21, daily pivot point support.

ETH/USD daily confluence detector

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

Bitcoin steadies as traders eye US–Iran talks

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend.

Ripple holds modest gains as open interest hits one-year low

Ripple (XRP) rises alongside major crypto assets to trade above $1.43 at the time of writing on Thursday. The slow but steady recovery comes after the remittance token declined to a weekly low of $1.31 on Tuesday, as investors navigated key changes in the United States (US) tariff policy.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe struggle to extend gains

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), have remained stable so far on Thursday after rising around 5%-10%-5% respectively on Wednesday, suggesting a lack of sustained bullish momentum.

Solana strikes key resistance with double-digit gains

Solana (SOL) trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds (ETFs) record $30 million of inflow on Wednesday.

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: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.