|

Ethereum Technical Analysis: ETH/USD gearing up at the launch station

  • Ethereum price in the session on Wednesday trading up in positive territory by over 8%.
  • ETH/USD bulls must break down $120 for great upside in the near-term. 
  • Should a breach of $121 firmly to the upside be seen, then $130 and $150 would be the next likely barriers to be attacked. 

ETH/USD 4-hour chart

 

 

Spot rate:                  119.39

Relative change:      +8.02%

High:                         121.25

Low:                          110.32

Trend:                        Bullish

Resistance 1:             121.50, 4-hour resistance.

Resistance 2:             127.48, daily pivot point resistance.

Resistance 3:             130.00, 4th November high.

Support 1:                  103.07, daily pivot point support.

Support 2:                  95.88, daily pivot point support.

Support 3:                  90.87, daily pivot point support.

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

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment. 

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Bitcoin holds above support at $65,118 at the time of writing on Friday. Ethereum remains choppy in a narrow range between support at $1,900 and resistance at $2,000, while Ripple attempts another upward move toward the pivotal $1.40 level.

PancakeSwap Price Analysis: Bearish momentum suggests further downside

PancakeSwap (CAKE) is trading below $1.26 at the time of writing on Friday, extending the losses by over 8% so far this week. The weakening derivatives market further supports the bearish outlook, with bears aiming for levels below $1.18.

Decred Price Forecast: DCR rebounds toward key resistance zone on volume spike

Decred (DCR) rebounds over 7% at press time on Friday after a three-day decline of almost 14%. Roughly 60% increase in trading volume over the last 24 hours supports the recovery, suggesting heightened spot-market demand. 

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: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.