English
Arabic
French
German
Italian
Portuguese
Spanish
Ethereum price eyes new all-time high after crossing $2,150
Coin Market Leaders
Ethereum (ETH) bulls are looking for another rally above $2k as bears seem focused on a retest of the critical support level
Ethereum price is trading just above $2,100 as bulls look to strengthen their grip above $2k. The ETH/USD pair has seen huge selling pressure over the past hour, with prices dipping from highs of $2,131 to lows of $2,090. Bears appear much more intent on pushing prices lower after rejecting bulls’ advances at the all-time high of $2,152.
The positive sentiment seen over the past week needs to remain intact in the short term for ETH/USD to seek fresh gains.
For ETH, this might mean copying the action seen with a few major altcoins that have continued to increase.
Ripple‘s XRP is the biggest gainer among the top ten with 36% in the past 24 hours. The XRP/USD pair is now eyeing a breakout above $1.00, a major achievement for a coin that has struggled for most of the bull market.
Other top gainers are Binance Coin (BNB) with 12%, currently trading near $385, while Litecoin is looking to break above $225 after surging 10%. Stellar (XLM) has soared 16% and trades near $0.54.
The technical picture for ETH/USD suggests bulls are trying to send prices higher as sell-off pressure decreases. Looking at the hourly chart, the MACD is perched above the signal line and is suggesting a weakness among the bears. The hourly RSI has also flipped above the 50 level to hand buyers the upper hand.
The cryptocurrency is currently trading just below a key bullish trend line and the 23.6% Fibonacci retracement level ($2,116) on the hourly chart. If bulls bounce higher and retest the resistance at the recent peak of $2,152, legitimate targets north of the supply barrier would be $2,200 and $2,250.
On the contrary, sentiment could turn negative if prices break lower. The initial support zone is at the key horizontal line near $2,080. If prices break below this level, we could see bears attack the 50% Fib level ($2,077) and then 100 SMA ($2,069). Further losses could aid bearish push for a retest of the $2,000 support zone
Tailored emails
No SPAM ever!
Alt coin news
Unsub anytime
After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. View our privacy policy here.
Keep updated with our round the clock and in-depth cryptocurrency news.
Tailored emails
No SPAM ever!
After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. View our privacy policy here.
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
When trading in stocks your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.
