Ethereum Price Prediction: ETH/USD faces multiple resistances on its path to $300

  • ETH/USD went up from $264.75 to $267 this Friday.
  • Bulls face resistances of differing intensities.

Ethereum bulls continue to have a stranglehold on the market as they aim for $300. The daily confluence detector shows that the price is currently facing four distinct resistance levels on its path to $300. While the resistances are of differing intensities, the bulls still have quite a task ahead of them.

ETH/USD Daily Confluence Detector

The resistance levels are at $265, $274, $280, and $294. The confluences at those levels are:

  • $265: 10-day simple moving average (SMA 10) and SMA 5.
  • $274: Pivot point 1-Day resistance 2.
  • $280: 4-hour previous high and 4-hour Bollinger band upper curve.
  • $294: Pivot point 1-Day resistance 3.

The support levels are at $262, $250, $243, $238-$241, and $237. The confluences at those levels are:

  • $262: Hourly Bollinger band middle curve and pivot point 1-Day resistance 1.
  • $250: 1-Day previous high and SMA 10.
  • $243: Daily 23.6% Fibonacci retracement level.
  • $238-$241: Daily 38.2% Fibonacci retracement level.
  • $237: 1-Month pivot point resistance 3.

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Crypto Today: Calm between the storm? Schiff says look out below, Dash, Monero stand out

Bitcoin in mid-range, BTC/USD is trading just below $7,400 after experiencing rises and falls of hundreds of dollars within days. Peter Schiff, a life-long crypto skeptic, said that pumpers and dumper have lost the plot, and added: "Look out below".

More Cryptocurrencies News

Ethereum Price Analysis: ETH/USD bumps into $148.00, waits for new drivers

ETH/USD has recovered to $148.00 on Thursday; however, the upside momentum has faded away during early Asian hours. The second largest coin with the current market capitalization of $16.2 billion has settled in a tight range limited by $148.00 on the upside.

More Ethereum News

Monero Price Analysis: XMR/USD rises from the ashes

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. 

More Monero News

Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. 

More Bitcoin Cash News


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast