Friday, June 20, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Ethereum Price is Showing Early Signs of Fresh Rally But $1,670 is the Key

September 8, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Ethereum worth is eyeing an upside break above $1,650 in opposition to the US Greenback. ETH may achieve bullish momentum if it clears $1,650 and $1,670 within the close to time period.

Ethereum is slowly transferring larger above the $1,620 help zone.
The value is buying and selling above $1,640 and the 100-hourly Easy Shifting Common.
There’s a key bullish development line forming with help close to $1,625 on the hourly chart of ETH/USD (knowledge feed through Kraken).
The pair may begin an honest improve if there’s a shut above the $1,650 and $1,670 resistance ranges.

Ethereum Value Eyes Upside Break

Ethereum’s worth remained steady above the $1,620 help zone. ETH fashioned a base and made one other try to clear the $1,650 resistance, like Bitcoin.

There was a spike above the $1,650 resistance zone however the bulls struggled close to the subsequent hurdle at $1,670. A excessive was fashioned close to $1,669 earlier than the value trimmed features. It traded beneath the $1,650 degree. The bears pushed it beneath the 50% Fib retracement degree of the upward transfer from the $1,625 swing low to the $1,669 excessive.

Nevertheless, the bulls protected the $1,640 zone. It’s near the 61.8% Fib retracement degree of the upward transfer from the $1,625 swing low to the $1,669 excessive.

Ether is now buying and selling above $1,640 and the 100-hourly Easy Shifting Common. Moreover, there’s a key bullish development line forming with help close to $1,625 on the hourly chart of ETH/USD. On the upside, the value would possibly face resistance close to the $1,650 degree.

Supply: ETHUSD on TradingView.com

The subsequent resistance is close to the $1,670 degree, above which the value may rise towards the $1,720 degree. The subsequent main hurdle is close to the $1,750 degree. An in depth above the $1,750 degree would possibly ship Ethereum additional larger. The subsequent resistance is likely to be close to $1,820. Any extra features would possibly ship the value towards the $1,880 resistance.

One other Decline in ETH?

If Ethereum fails to clear the $1,670 resistance, it may begin one other decline. Preliminary help on the draw back is close to the $1,642 degree.

The primary key help is near $1,635 and the 100-hourly Easy Shifting Common. The subsequent key help is $1,625 and the development line. A draw back break beneath $1,625 would possibly push it to $1,600. If there’s a draw back break beneath $1,600, the value may revisit the important thing $1,540 help degree.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 degree.

Main Assist Degree – $1,625

Main Resistance Degree – $1,670



Source link

Tags: EarlyEthereumFreshKeyPricerallyShowingsigns
Previous Post

Bitcoin Price Attempts Recovery But Here’s Why Its Path Is Fill With Challenges

Next Post

TRX Regains Strength As The Bulls Aim $0.10

Related Posts

XRP Price Action Tightens — Breakout Looms to The Upside
Analysis

XRP Price Action Tightens — Breakout Looms to The Upside

June 20, 2025
XRP 5-Wave Count Shows When The Price Will Hit All-Time Highs Above $5
Analysis

XRP 5-Wave Count Shows When The Price Will Hit All-Time Highs Above $5

June 19, 2025
TRX defies market conditions, up 1%
Analysis

TRX defies market conditions, up 1%

June 19, 2025
Can BNB Punch Through The Ceiling Or Will 640 Catch The Fall?
Analysis

Can BNB Punch Through The Ceiling Or Will 640 Catch The Fall?

June 18, 2025
Crypto scams spike as meme coins, weak laws fuel $2.1B crime wave
Analysis

Crypto scams spike as meme coins, weak laws fuel $2.1B crime wave

June 19, 2025
Solana (SOL) Tests Support After Dip — Bounce or Breakdown Ahead?
Analysis

Solana (SOL) Tests Support After Dip — Bounce or Breakdown Ahead?

June 18, 2025
Next Post
TRX Regains Strength As The Bulls Aim $0.10

TRX Regains Strength As The Bulls Aim $0.10

This $28 NFT Gives You a Royalty Share of Justin Bieber’s Latest Single

This $28 NFT Gives You a Royalty Share of Justin Bieber’s Latest Single

Next Cryptocurrency to Explode Friday 8 September – Wall Street Memes,  Dash, XDC Network

Next Cryptocurrency to Explode Friday 8 September - Wall Street Memes,  Dash, XDC Network

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In