r/ethereum – Ethereum News

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Top 3 Coins Price Prediction: Bitcoin and Ethereum face strong resistance just as they approach critical psychological levels – Confluence Detector

Top 3 Coins Price Prediction: Bitcoin and Ethereum face strong resistance just as they approach critical psychological levels – Confluence Detector

fxsoriginal

  • Open: $7,704.30 
  • Current Price: $7,774.70
  • BTC/USD is on the verge of breaking above the key $7,800 psychological level but faces key resistance at $7,777.75. It has the 15-min and one-hour Previous Lows, 4-hour and one-day Previous Highs, 15-min, one-hour and 4-hour SMA 5, 15-min and one-hour SMA 20, 15-min SMA 50, 15-min SMA 100, 15-min and one-hour Bollinger Band middle curves. On the downside, healthy support lies at $7,380, which has the one-day Fibonacci 161.8% retracement level and daily Pivot Point support-three.

  • Open: $197.75 
  • Current Price: $197.08
  • ETH/USD faces resistance at $199.75 before it could enter the $200 psychological level. The 199.75-level has the one-week Pivot Point resistance-one, one-day Fibonacci 23.6% retracement level, one-hour and one-day Bollinger Band upper curves. There aren’t any healthy support levels on the downside. 

  • Open: $0.1965 
  • Current Price: $0.1977
  • Source: www.fxstreet.com


    Ethereum Awaits a Persistent Trade Above $200 to be a Total Gainer

    Ethereum Awaits a Persistent Trade Above $200 to be a Total Gainer

    • Ethereum, at the time of writing of this analysis, was trading below $200 at $197 with intimidation of a bearish crossover anytime soon, today
    • ETH price has dropped to $197 from trading around $199 in the opening hours, today and therefore, the intraday is likely to draw a bearish crossover
    • Also, due to prevalent of moderate volatility, Ethereum is likely to have an intraday rebound soon as the market is quite a gainer today
    • On the 12-hourly chart, ETH coin has retained support from 50-day and 200-day daily Moving Averages

    Ethereum price trend has been experiencing a continual spike, and it was just around the weekend when it crossed above 38.20% Fib retracement level. Moreover, it was just in the mid of the previous week, when ETH regained 200-day MA support after hitting around $185 after over a month.

    On a 12-hourly chart, Ethereum is seen extending its gaining momentum against the US Dollar as it breached a 6-week long resistance briefly at $200. After gaining an intraday momentum over the mid of the last week, ETH coin managed to regain 200-day MA support, which had previously lost as the price steeply slid below 61.80% Fib Retracement level in March. Having gained the momentum, the coin managed to rise and have a bearish trend aversion, with bulls becoming stronger.

    Having said that, it is also important to the point that though a gradual rise was unseen until now because it is just today when BTC had marked its presence around $7.8k after a subtle price accumulation.

    ETH Coin

    While, if we see an even emphasized chart of Ethereum, we see a notable uptrend since April 22. The 20-day Bollinger Bands laid are seen squeezing, and the price trend of ETH/USD is likely to breach either of the extremities, which we believe will be hitting through the upper BB, as per the current momentum.

    However, the MACD is appearing to take a bearish divergence as the price has plummeted from $199 to $197, while RSI is as such not holding a trading extremity at 54.08.

    Mehak Punjabi

    Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

    Source: www.cryptonewsz.com

    Author: Mehak Punjabi


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