Ethereum (ETH) Price Analysis – Ethereum May Continue Bullish Amidst Sideways Move

 

Following the last few days of the positive move, Ethereum is now trading above the 4-months descending wedge on the daily chart but the price has reached breakpoint on the hourly chart as the market carves a triangle pattern. Meanwhile, ETH is following a short-term bullish sentiment as it may become stronger in the next coming days. A weak moment may turn Ether to a severe price fall as $153 remains an important support for the market.

Ethereum (ETH) Price Analysis: Daily Chart – Neutral

Key resistance levels: $190, $199, $222
Key support levels: $174, $166, $160

On October 25, Ethereum saw a little spike above the descending wedge on the daily chart. The market has since been subdued with choppy price actions. Despite that, the ETH price has managed to rise back above the RSI 50 levels, which is an indicator for a bullish step back.

ETHUSD, Daily Chart – October 29

Because of this, we can look for the next resistance at around $190, $199 and $222. Meanwhile, the crypto trading signals a potential sell with a Doji candle as the bears may take charge of the market shortly.

In view of the possible move, the $174, $164 and $160 are key supports for the next selling pressure. The sideways move on the MACD shows that the market is indecisive at the moment. Ethereum may go parabolic if we continue to see a significant rise.

Ethereum (ETH) Price Analysis: Hourly Chart – Bullish

Ethereum is currently indecisive on the hourly chart as the market lurks around for a surge in volatility. Similarly, ETH is shaping inside a symmetrical triangle. The actual direction is yet unknown. But considering the current move on the technical indicators, the price of ETH is likely to fall at $175, $170, $165 and potentially $160 if the bears take over.

On the other hand, Ethereum may continue bullish momentum if the market rises above the triangle formation. Therefore, we can expect the price to hit $190, $195 and $200 in no time. Nevertheless, we can say that the Ethereum market is bullish at the moment.

ETHEREUM BUY SIGNAL

Buy Entry: $185
TP: $1195
SL: 180

Ethereum (ETH) Price Analysis – Possible Correction May Keep ETH On Short-Term Bullish

 

Over the past five days, Ethereum has been trading below $180 following the October 11 huge sell-off at $196. ETH is currently roaming around the $173 after seeing a little price increase over the weekend, although the trend is still looking bearish on a medium-term. The ETH price appeared stable at the moment. We can expect a sudden price change once trading volatility increases.

Ethereum (ETH) Price Analysis: 4H Chart – Bearish

Key resistance levels: $177, $187, $193, $198
Key support levels: $170, $167, $160, $151

On the 4-hours chart, Ethereum is revealed in a downward range but has managed to stay above the $170 support despite the last ten days decline. Should supply outweigh demand; we may see an instant sell to $167 and $160 after surpassing $170 support. The $151 is the last support area for the bulls to defend. We can see that the MACD indicator is negative, although lying near the zero level.

ETHUSD, Hourly Chart – October 22

Producing a bullish cross might cause the market to raise at $177, $187 $193 and $198 on a short-term buy. However, the trading crypto signals that Ethereum is slowly rising back but currently waiting at the 50 level. We can expect more price increase if the RSI 30 can bolster as strong support.

Ethereum (ETH) Price Analysis: Hourly Chart – Bullish

Zooming into the hourly chart, we can see that ETH has seen significant volatility to the upside over the last 4 days, allowing the market to follow a bullish sentiment. Meanwhile, the market is near the channel’s support as sellers target the $170 support but the break signal is yet to validate. If the price channel’s lower boundary can contain selling pressure, the price is likely to bounce higher to $176 and $178 and potentially $180 resistance.

ETHUSD, Hourly Chart – October 22

But looking at the current RSI, the market is heading back to the negative to show that the sellers are returning in the market. As said earlier, the $170 remains a key support area for the bears. Further support lies at $168 as new support may hold at $166. The MACD is now lying at the zero level, showing that the market is indecisive at the moment.

ETHEREUM BUY SIGNAL

Buy Entry: $173
TP: $183
SL: 170

ETH Finds Support at $180 After Turning Away At Monthly High

Ethereum (ETH) Price Analysis – October 8

Ethereum has displayed an impressive move over the past few hours, touching $185 after a consistent climb and correcting a gain of +4.12% at the moment. Currently, ETH is priced at $180 after seeing a slight drop. The price would continue to swing high if the bulls can continue to sustain pressure in the market.

Ethereum (ETH) Price Analysis: 4H Chart – Bullish

Key resistance levels: $185, $190, $199
Key support levels: $178, $175, $170

Looking at the 4-hour chart, the price of ETH was rejected after retesting the October 1 high zone at $185, followed by a drop to $180. Now, the price is attempting to fall on the Stochastic RSI. And if a bearish cross plays out, Ethereum may slowly sell to the channel’s support at $178, $175 and $170.

ETHUSD-4H-Chart-October-8

Meanwhile, the crypto trading signals a bullish momentum on the RSI, although now aiming its 50 levels. Should this level produce a rebound for the market, Ethereum could retest the $185 resistance zones before surging to $190 and perhaps $199. However, the price is more likely to show weakness if the token slip beneath $180.

Ethereum (ETH) Price Analysis: Hourly Chart – Bullish

On the hourly time frame, Ethereum is looking bullish after breaking through the 7 days descending channel pattern, during yesterday’s trading. As appeared on the chart, the price has slightly bounced off at the retest zone of $180. We can expect the market to continue to buy at $185 $187 and $190 resistance if the price can hold above the retest zones.

ETHUSD-Hourly-Chart-October-8

As suggested in the technical indicators, the crypto trading signals a potential buy on the Stochastic RSI; Ethereum has remained bullish on the RSI with a possible bounce back. Otherwise, a lower drive may cause the price to sell heavily to the lowest region, corresponding to $180 break-down to $178, $176 and $174 support. For now, the bulls are still showing strength.

ETHEREUM SELL SIGNAL

Buy Sell: $179
TP: $175 / $171
SL: 186

ETH Trades Inside Wedge Pattern: Huge Volatility May Cause A Price Breakout

Ethereum (ETH) Price Analysis – September 30

 

The Ethereum market is approaching the $177 key resistance again following the last few hours bounce from $166 support. Once more, the market is up with price growth of +3.10%, making ETH to currently trade at around $175. This shows that the buyers are regrouping. We can expect a strong buy if the crypto trading signals a clear break above the key resistance. As of now, ETH remains on a medium-term bearish.

 

Ethereum (ETH) Price Analysis: Daily Chart – Bearish

 

Key resistance levels: $177, $190, $200

Key support levels: $164, $154, $150

 

While trading inside a falling wedge pattern, Ethereum is caught in the middle of consolidation for the past six days after establishing support at around $164 on September 24 but has been showing positive move over the last four hours. Now facing potential resistance at $177, the price of ETH may surge to $190 and $200 resistance if the bullish pressure becomes huge.

ETHUSD, Daily Chart – September 30

 

As we can see, the RSI looks bullish but may face rejection at the 50 level. If such a scenario occurs, we can expect a price fall to $164, $154 and $150 supports. Meanwhile, the crypto trading signals an oversold market on the Stochastic RSI oscillator. Crossing above the 20 level may allow the ETH market to go bullish.

 

Ethereum (ETH) Price Analysis: 4H Chart – Neutral

For the past few days, Ethereum is carving a slow rising wedge pattern – suggesting a bearish formation on the 4-hours chart. The bearish formation is most likely to follow a lower lows and lower highs pattern, although the price is turning bullish on the RSI indicator. If Ether can rise above the wedge pattern, the $187 and $193 and $200 resistance may play out.

ETHUSD-4H-Chart-September-30

However, close resistance lies at $177 and $180. As suggested on the Stochastic RSI, Ethereum is shooting up to confirm that the buyers have stepped back in the market. Should selling pressure occurs, the token may roll back to $170 and $164 support. A drive beneath the wedge could lead to a more serious sell-off at $158 and $153 supports.

 

ETHEREUM BUY SIGNAL

 

Buy Entry: $173

TP: $179

SL: 170