Ethereum price update: ETH/USD catapults to new daily highs

Ethereum bulls catapult it to new daily highs around $159.12.
Current technical levels indicate that Ethereum is poised for additional movement to the upside.

John Isige FXStreet

ETH/USD is currently extending gains towards $160. Besides, the trend has formed new intraday highs around $159.12. As discussed in an earlier published analysis, the buyers are keeping their focus on $160 in the short-term.

At the moment, with gains of more than 10% on the day, it is only a matter of time before we witness a correction above the $160 hurdle. Meanwhile, ETH/USD is dancing at $157.09. The RSI 1-hour has revamped the trend upwards inside the overbought while the MACD in the same range at +3.39 is still sloping upwards.

Current technical levels indicate that Ethereum is poised for additional movement to the upside. However, in the event, a correction ensues support has been established at $150, the 50 SMA and the 100 SMA 1-hour, $140 as well as $132.00.

ETH/USD 1-hour chart

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.

Cosmos Hub Price Forecast: ATOM under pressure as bearish momentum accelerates

Cosmos Hub steadies near $1.82 at the time of writing on Monday, following a 20% decline the previous week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe show bearish signals at key levels

Meme coins are hovering around key support zones at the start of this week on Monday, after extending losses in the previous week. Dogecoin (DOGE) signals a neutral near-term bias with a slight bearish tilt.

Solana Price Forecast: SOL consolidates amid rising Middle East tensions

Solana (SOL) trades around $84 at press time on Monday, coiling further within a consolidation range that keeps the momentum trapped. Institutional interest in Solana resurfaced last week, with inflows of over $44 million capping downside pressure.

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: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.