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- Ethereum finally maintained price sustainability above the price level of $150 and trading there with a positive change and an upward.
- The ETH/BTC pair is also performing positively with the profit of – 2.67% bringing the levels to 0.02296130.
ETH prices are slowly recovering against the price fall with the motive to reach the level of $160.
There is a strong resistance line present near the level of $164 which gets active whenever prices try to achieve further heights.
In its last trading, ETH broke down the crucial support level of $155 and did continue in the short term bearish momentum till the bulls emerge in the market.
The support level of $155 is currently trying its level best to support the prices. ETH prices are suffering heavy variation between $155 and $157 and time by the time they are dropping showing that prices are still not strong enough against the resistance level.
The market capitalization is $17,344,423,475 USD with volume traded $13,879,416,613 USD and circulating supply of 110,514,632 ETH.
Ethereum (ETH) Price Analysis
The technical chart shows that Ethereum prices are soon will be in bullish momentum, positive changes are visible in many aspects of the chart. If Prices climb above the level of $160 they will be in a good bullish momentum.
According to the FIB retracement level prices are performing well even though after suffering some variations.
MACD levels were trading in bearish momentum but currently buying volume caught up with the selling and passing it, showing signs that soon a positive trade will start at this level.
The 24hr- RSI showing a gradual rise after maintain its trade in the bearish pattern. Prices started climbing up and about to hit the crucial zone of 50.
The 24hr-CCI has acquired a positive divergence, as, from the bottom of the normal region, prices started climbing up. Currently, there is a positive momentum in prices while they are trading in the normal zone.
Resistance level: $ 160
Support Level: $153
