Ethereum Price Prediction: ETH/USD soars 3% as focus shifts to $200 – Confluence Detector

  • Ethereum price outperforms Bitcoin, Ethereum and Ripple following Thursday’s breakout.
  • ETH/USD embraces support at $180 in readiness for the lift-off to $200.

Ethereum price is showing its prowess among the top three and other major cryptocurrencies on the market. Following the breakout on Thursday last week, Ether has called several resistance levels including $160, $170 and $180. The price action over the weekend extended towards $200 but hit a wall slightly under $200.

Meanwhile, Ether is trading 3% higher on the day after rising above the opening value at $180 on Monday. An intraday high has been achieved at $186.44. The trend remains bullish, however, volatility is shrinking as a sign of decreasing chances of rapid movements. ETH/USD is trading at $185 after bouncing off support at $180. The buyers will not rest until they see a break above $200 (short term milestone).

Ethereum confluence levels

Looking at the daily confluence levels, $186 is standing out as the immediate resistance level. The zone is highlighted by the previous high 15-minutes. A break above this zone is possible in the short term and will set the ball rolling towards the next key hurdle at $190.47. Various technical indicators highlight this second resistance and they range from the Bollinger Band 4-hour upper to the Fibonacci 61.8% one-month. It is apparent that a step past this zone could allow smooth sailing above $200 before hitting more critical resistance at $209.

On the flip side, Ethereum is strongly supported from the initial support at $184. According to the confluence detector tool, the Fibo 61.8% one-day, the SMA 100 one-day, the previous high 4-hour and the SMA five 15-minutes convergence in this zone. The next key buyer congestion zone is at $182 while $162.37 is the strongest support for Ethereum.


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

XRP getting ready for a 50% upswing as consolidation hits the elastic limit

Ripple’s overhead barriers are still in place, as highlighted on the 4-hour chart. The seller congestion at $0.3 is an uphill battle, so is the 50 Simple Moving Average. 

More Ripple News

ADA technical and on-chain levels confirm a 60% explosion to $0.6

Cardano recently confirmed a breakout in away validating the 900% upswing prediction we discussed last week. Several hurdles have been shattered at the time of writing, including $0.3 and $0.35, adding credence to the potential breakout to $0.6.

More Cardano News

Yearn.Finance brushes shoulders with $40,000 overshadowing Bitcoin’s $36,000

Yearn.Finance has consistently recovered from the recent dip to $25,000. The price drop was not unique to the decentralized finance (DeFi) token but affected the entire cryptocurrency space. 

More News

LINK squabbles under heavy selling pressure, downswing targets $16

Chainlink is up 10% in the last 24 hours and a whopping 52% in the previous seven days. After breaking above $20, LINK soared to a new record high at near $24. Meanwhile, the uptrend seems to have hit the ultimate point, as selling pressure finds its way back into the market.

More Chainlink News


Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. 

Read the weekly forecast