• Contact Us
  • Privacy Policy
  • Live Exchange
  • LIVE ICO
  • Shop
Friday, February 19, 2021
CryptoNewsking.com
Advertisement
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop
No Result
View All Result
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop
No Result
View All Result
CryptoNewsking.com
No Result
View All Result
Home Bitcoin News

Why ETH Could Outperform BTC

01/17/2021
in Bitcoin News
0
Why ETH Could Outperform BTC
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ethereum is holding a major support near $1,150 against the US Dollar. ETH price is consolidating and it is likely setting up for a major upside break above $1,250

  • Ethereum is facing a couple of major hurdles near $1,245 and $1,250.
  • The price is likely to remain well bid above $1,150 and near the 100 hourly simple moving average.
  • There is a key contracting triangle forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to outperform bitcoin unless there is a clear break below the $1,150 support zone.

Ethereum Price Holding Key Support

In the past 2-3 sessions, Ethereum made two attempts to gain strength above $1,250 and $1,280. ETH price failed to settle above $1,250, formed a high near $1,270, and recently started a fresh decline.

Related articles

Why Ethereum Is Attractive On Dips Despite Slow Rise Towards $2K

Why Ethereum Is Attractive On Dips Despite Slow Rise Towards $2K

02/18/2021
Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

02/18/2021

There was a break below the $1,225 and $1,220 support levels. Ether price even spiked below the $1,200 level and tested the 100 hourly simple moving average. A low is formed near $1,184 and it is currently consolidating near the $1,195 level.

It seems like there is a key contracting triangle forming with support near $1,195 on the hourly chart of ETH/USD. An initial resistance on the upside is near the $1,225 level. It is close to the 50% Fib retracement level of the recent decline from the $1,270 high to $1,184 low.

Source: ETHUSD on TradingView.com

The first major resistance is near the $1,250 level. It coincides with the 76.4% Fib retracement level of the recent decline from the $1,270 high to $1,184 low. If ether price breaks the $1,250 resistance and the triangle upper trend line, there are chances of a strong increase.

The next major resistance is near the $1,280 level. A close above $1,280 will most likely open the doors for a strong rally above $1,300 and $1,350.

Dips Supported in ETH?

If ethereum corrects lower below the triangle trend line and $1,192, it could find a strong support near the $1,150 level (a multi-touch zone).

A downside break and close below the $1,150 support level may possibly spark a strong decline towards $1,100. Having said that, ether is looking stable above $1,150, while bitcoin is showing bearish signs below $35,500 and $36,000.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone.

Hourly RSI – The RSI for ETH/USD is still below the 50 level.

Major Support Level – $1,150

Major Resistance Level – $1,250

Credit: Source link

Share76Tweet47

Related Posts

Why Ethereum Is Attractive On Dips Despite Slow Rise Towards $2K

Why Ethereum Is Attractive On Dips Despite Slow Rise Towards $2K

02/18/2021
0

Ethereum traded to yet another all-time high at $1,950 against the US Dollar. ETH price is correcting gains, but it...

Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

02/18/2021
0

Binance coin price is up over 35% and it is extended its rally above $200 against the USDT. BNB traded...

Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

02/18/2021
0

Bitcoin price started a downside correction from the $52,750 all-time high against the US Dollar. BTC is now approaching a...

Breaking Down What Bill Gates Said About Bitcoin

Breaking Down What Bill Gates Said About Bitcoin

02/18/2021
0

With the recent craze around Bitcoin, CNBC has been asking many of its guests to its television programs to talk...

An SEC Ripple Effect Leaves XRP Sliding the the Crypto Top 10

An SEC Ripple Effect Leaves XRP Sliding the the Crypto Top 10

02/18/2021
0

XRP is unsurprisingly lagging behind the rest of the incredibly bullish crypto market and altcoin space. The SEC’s charges against...

Load More
  • Trending
  • Comments
  • Latest
Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

02/18/2021
Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

02/18/2021
Bitcoin Sets New ATH Above $52K, Why Dips Remain Attractive

Bitcoin Sets New ATH Above $52K, Why Dips Remain Attractive

02/17/2021
Ethereum Surges To New ATH Above $1,900, Why ETH Could Test $2K

Analyst Explains Why Ethereum (ETH) Could Hit $5,000 in 2021

02/18/2021
Why Ethereum Is Attractive On Dips Despite Slow Rise Towards $2K

Why Ethereum Is Attractive On Dips Despite Slow Rise Towards $2K

02/18/2021
Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

02/18/2021
Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

02/18/2021
Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

02/18/2021
CryptoNewsking.com

CryptoNewsKing.com is a curated world cryptocurrency news online portal which aims to provide the latest crypto and blockchain related news with real time updates from all around the world.

Donate

Do you like what we offer? Your donation can help us continue to improve the services we offer. Please send your donations to the addresses below. Thank you for your support and may the crypto force be with you.

BTC 

35RWoVxFbnmySWFHtYNV28rU4Hyf5TrTXD

ETH

0x1B35F874152c7d597029007f98f1F2361179034B

LTC

MJ3Cv9NXPt8ZM9x6mDiHGUFpm5yhiNntwT

Subscribe to get more!

  • Contact Us
  • Privacy Policy
  • Live Exchange
  • LIVE ICO
  • Shop

© 2019 CryptoNewsKing.com - All rights reserved

No Result
View All Result
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop

© 2019 CryptoNewsKing.com - All rights reserved