Categories: Ethereum

Ethereum price prediction: ETH/USD bulls face strong resistance levels beyond $256

Click here to view original web page at
  • ETH/USD is currently priced at $241.75 following two bearish days.
  • The confluence detector shows that growth beyond $256 is limited.

ETH/USD experienced two extremely bearish days in a row, wherein the price went down from $269.50 to $241.15, charting a 10.52% decrease in value over two days. Wednesday managed to have a bullish opening as ETH/USD is currently priced at $241.75. The daily confluence detector shows that there are strong resistance levels beyond $256.

Ethereum daily confluence detector

As per the daily confluence detector, there is one prominent stack of support from $238.50-$241. The confluences at those levels are - 4-hour Bollinger band lower curve, monthly 38.2% Fibonacci retracement level, 5-day simple moving average (SMA 5), previous week low, 15-min Bollinger band middle curve, SMA 10 and 15-min previous low.

The resistance levels are at $256.50, $258.75, $262 and $264-$267. The confluences at those levels are:

  • $256.50: The first resistance level has the daily 38.2% Fibonacci retracement level.
  • $258.75: The strongest resistance level in the confluence detector has the 4-hour Bollinger band middle curve.
  • $262: SMA 100, SMA 5 and daily 61.8% Fibonacci retracement level.
  • $264-$267: SMA 200, SMA 50, SMA 10 and 1-day pivot point resistance 1.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

The confluence detector shows that growth beyond $256 is limited.

ETH/USD experienced two extremely bearish days in […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: ethether

Recent Posts

Venezuelan designer prefers to receive his payments in bitcoin than in dollars

Source: UnSplash It is no secret to anyone. The economic situation in Venezuela has made bitcoin a clear alternative. On… Read More

4 hours ago

Bitcoin Price Charts & Technical Analysis: BTC Remains Bullish

- Consolidation within a common and strong continuation pattern continues. - The length and end of this consolidation can be… Read More

4 hours ago

Simon Ordish: Building WhatsOnChain to fit Bitcoin SV’s needs

While many cool applications have helped broaden the appeal of Bitcoin SV (BSV), one of the earliest applications has been… Read More

4 hours ago

Mark Mobius: Buy Gold At Any Price

Last week we reported that the mainstream is turning bullish on gold , and in recent months, a number of… Read More

4 hours ago

Veteran Investor: Demand For ‘Psycho Crypto Currencies’ Good For Gold Prices

Bitcoin has often been compared with gold as it shares a number of similar traits. Both are safe haven assets,… Read More

4 hours ago

Vaping May Harm Your Blood Flow—Even Without Nicotine

For first-time vapers, merely inhaling vape juice from an e-cigarette caused their blood vessels to constrict, stiffen, and circulate less… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More