Categories: Ethereum

Ethereum Resonates to BTC and Take Bountiful Leaps; Trades Above $170

Click here to view original web page at
  • Ethereum trades beyond its major support level, giving a sigh of relief to its investors.
  • ETH price fall now has a ground and is supported by the short-term moving averages.
  • ETH to have a persistent trade above $175, in order to have a benefit of its “recovery mode”.

Ethereum price manifests a slow recovery as it trades above $170 now. BTC price is also hovering beyond $9700 after having a price correction below $9800. Although this was the required push wherein the coins have received an escalating ground to get support from the short-term moving averages and the extremity of the fall gradually becomes gentle. However, the next target for the coin remains around $175 and $180. Wherein ETH price may face a lot of resistance at the even trading figures like $176 and $178.

But once Ethereum is through these price marks, the bullish crossover will be well instigated. While, the current price gain is mitigating the loss of last week’s heavy fall.

ETH to USD Price Chart by TradingView:

The below Ethereum price chart is a data feed from Coinbase as on 2nd August at 07:10 UTC.

Yesterday, at the onset of the last month of the third quarter, price of Ethereum was trading around $173.9. With a moderate volatility the red candles took a steep downward turn to fall below $170 and trade at $168.08. Before the daybreak of 2nd September, ETH price resorted above $170 again and the coin was trading at $172.81. Currently, the coin trades at $171.18 just above $170.

This leads to a downward support near $168 price area. However, if the coin remains persistent above $170 and later above $175, the bullish crossover is ought to take place. The shortest moving average i.e. the 5-day EMA is close to form a strong base but the rest averages still show a solid selling pressure.

Technical Indicators:

The current trading price is notably lower by 3.25%, 3.70% and 28.77% from 10-day EMA, 10-day SMA and 100-day SMA i.e. the respective short-term and long-term moving averages.

The MACD of the Ethereum has risen above the negative array but appears flattish with a bearish crossover as the signal line crosses the MACD line.

The RSI of the coin is above 40, which so no extremities in the oversold or overbought regions.

ETH price fall now has a ground and is supported by the short-term moving […]


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

Recent Posts

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin Price Forecast: A series of lower highs and slightly higher lows has formed a pennant pattern Regardless of direction,… Read More

2 hours ago

Billionaire Blackstone CEO Heaped Praise On Blockchain—But Made A Bitcoin Warning

Bitcoin has won over many from the traditional finance industry , but far more of the investment old guard remain… Read More

2 hours ago

Early Ethereum advisor charged with extortion and arrested

The accused, Steven Nerayoff, violated the agreement made with a blockchain firm. If found guilty, Nerayoff and his associate Michael… Read More

2 hours ago

CME Group Reveals Plan for Bitcoin Options in Q1 2020

Leading derivatives exchange operator, CME Group announced in a press release today that it will launch options on its bitcoin… Read More

8 hours ago

Analyst: Bakkt Launch to Improve Trustworthiness of Crypto Markets

For the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as… Read More

8 hours ago

IBM Stock Gets a Blockchain Pop

IBM (NYSE: IBM ) investors haven’t had all that much to complain about in 2019. After a precipitous drop over… Read More

8 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