LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Aims Larger Recovery Above $2,200

by Aayush Jindal
June 29, 2021
in Altcoin News, News, Trading
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up
  • Ethereum price started a decent recovery wave from the $1,700 zone against the US Dollar.
  • ETH price is now trading well above $2,000 and the 55 simple moving average (4-hours).
  • There was a break above a key bearish trend line with resistance near $1,850 on the 4-hours chart (data feed from Coinbase).
  • The pair is likely to correct further higher towards the $2,275 resistance zone in the near term.

Ethereum price is recovering higher above $2,000 against the US Dollar. ETH/USD could rise further, but the bears might appear near $2,275.

Ethereum Price Analysis

There was a downside extension in ethereum below the $2,000 support zone against the US Dollar. ETH price even broke the $1,800 level and settled below the 55 simple moving average (4-hours).

However, the bulls appeared near the $1,700 zone. A low was formed near $1,698 before the price started a strong increase. There was a break above the $1,850 and $1,880 resistance levels. The price climbed above the 23.6% Fib retracement level of the key decline from the $2,649 swing high to $1,698 low.

There was also a break above a key bearish trend line with resistance near $1,850 on the 4-hours chart. The pair is now trading well above $2,000 and the 55 simple moving average (4-hours).

An immediate resistance is near the $2,175 level. It is near the 50% Fib retracement level of the key decline from the $2,649 swing high to $1,698 low. The next major resistance is near the $2,275 level (the last key breakdown zone).

Any more gains could set the pace for a move towards the $2,500 level. On the downside, an immediate support is near the $2,040 level. The next major support is near the $1,850 level. Any more losses could set the pace for a drop towards the $1,700 support zone in the near term.

Ethereum Price
Ethereum Price

Looking at the chart, Ethereum price is clearly trading well above the $2,000 zone and the 55 simple moving average (4-hours). Overall, ether price is likely to correct further higher towards the $2,275 resistance zone in the near term.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well above the 50 level.

Key Support Levels – $2,050, followed by the $1,850 zone.

Key Resistance Levels – $2,175 and $2,275.

Related Posts

Bitcoin Cash Price
Altcoin News

Bitcoin Cash Analysis: Indicators Suggest Fresh Rally To $275

Bitcoin cash is eyeing a fresh increase above the $252 resistance against the US Dollar. The price is now...

by Aayush Jindal
December 8, 2023
Litecoin (LTC) Price
Altcoin News

Litecoin (LTC) Price Analysis: Bulls In Action Above $75

Litecoin started a steady increase above $72 against the US Dollar. LTC price is now trading above $73.50 and...

by Aayush Jindal
December 8, 2023
Solana (SOL) Price
Altcoin News

Solana (SOL) Price Analysis: Bulls Still Aim For Move To $75

Solana price started a downside correction from the $65.50 zone against the US Dollar. The price is now trading...

by Aayush Jindal
December 6, 2023
Bitcoin Price
Bitcoin News

Bitcoin Price Analysis: BTC Bulls Aim Upside Break To $50K

Bitcoin price started a strong increase above the $40,000 zone against the US Dollar. The price is now trading...

by Aayush Jindal
December 6, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • BC.GAME Honored with the “Best Casino Operator 2023” Award from SiGMA

  • ArbitrageScanner is hosting its biggest affiliate event in Bangkok on the 9th of December. For...

  • Is the Bitcoin price still at risk? Golden Cross signals bull run

  • FUNToken & ivendPay: Pioneering the Next Era of Crypto Payments

  • Zeebu’s $ZBU Listing On Gate.io and Startup Program

About us:

Live Bitcoin News is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at Live Bitcoin News, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version