Ethereum Price Prediction: ETH/USD readies for the ultimate lift-off to $340 – Confluence Detector
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Ethereum price hit a wall at the new 2020 high around $334. Bulls had a plan keep to keep the price above the support at $320, however, this dream was

  • Ethereum seeks support below $320 after sellers gained traction from the new 2020 high around $320.
  • Ether could easily ascend to another new yearly high if bulls purpose on overcoming the falling triangle resistance.
  • Ethereum seeks support below $320 after sellers gained traction from the new 2020 high around $320.
  • Ethereum seeks support below $320 after sellers gained traction from the new 2020 high around $320.
  • Ether could easily ascend to another new yearly high if bulls purpose on overcoming the falling triangle resistance.
  • Ether could easily ascend to another new yearly high if bulls purpose on overcoming the falling triangle resistance.

    Ethereum price hit a wall at the new 2020 high around $334. Bulls had a plan keep to keep the price above the support at $320, however, this dream was shattered when bearish pressure increased during the trading sessions on Tuesday. The second-largest cryptocurrency was then forced to seek refuge under $320. An intraday low of $312 has been traded on Wednesday (Asian session) but Ether has adjusted slightly upwards to $315 (prevailing market value).

    Ethereum price

    Declines are likely to increase in the current and upcoming sessions based on the strong bearish grip coupled with high volatility. On the other hand, lower, price movements could bounce off support at $310 which is aided by the 100 SMA ($309.71). Consequently, a breakout is anticipated on overcoming the falling triangle resistance. Such a move would have the potential to clear the hurdle at $334 and trade a new yearly high past $340.

    volatility

    ETH/USD 1-hour chart

    ETH/USD price chart

    ETH/USD price chart ETH/USD price chart

    Ethereum resistance and support levels

    Resistance one: $320 – Highlighted by the Fibo 61.8% one-day, the SMA ten 4-hour, the Bollinger Band one-day upper, the SMA 50 1-hour and the SMA 200 15-minutes.

    Resistance one: $320 –

    Resistance two: $323 – Home to the BB 15-minutes upper curve, the pivot point one-week resistance two, the previous high 4-hour and the BB 1-hour upper curve.

    Resistance two: $323 –

    Resistance three: $330 – Highlighted by the previous high one-day and the pivot point one-day resistance one.

    Resistance three: $330 –

    Support one: $313 – This a subtle support that hosts the previous low 1-hour and the BB 15-minutes lower curve.

    Support one: $313 –

    Support two: $307 – This is the strongest support area and home to the previous low one-day, the pivot point one-day support one and the SMA five one day.

    Support two: $307 –

    Support three: $300.83 – This would be the last resort in keeping the price above $300. It is home to the BB 4-hour lower curve and the pivot point one-week resistance one.

    Support three: $300.83 –

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    More ETH/USD levels

    ETH/USD

    Overview
    Today last price 316.34
    Today Daily Change -1.19
    Today Daily Change % -0.37
    Today daily open 317.53
     
    Trends
    Daily SMA20 259.22
    Daily SMA50 243.63
    Daily SMA100 226.66
    Daily SMA200 205.44
     
    Levels
    Previous Daily High 327.38
    Previous Daily Low 306.33
    Previous Weekly High 287.74
    Previous Weekly Low 233.4
    Previous Monthly High 253.48
    Previous Monthly Low 216.37
    Daily Fibonacci 38.2% 314.38
    Daily Fibonacci 61.8% 319.34
    Daily Pivot Point S1 306.78
    Daily Pivot Point S2 296.03
    Daily Pivot Point S3 285.73
    Daily Pivot Point R1 327.83
    Daily Pivot Point R2 338.13
    Daily Pivot Point R3 348.88

     

    ETH/USD

    Overview
    Today last price 316.34
    Today Daily Change -1.19
    Today Daily Change % -0.37
    Today daily open 317.53
     
    Trends
    Daily SMA20 259.22
    Daily SMA50 243.63
    Daily SMA100 226.66
    Daily SMA200 205.44
     
    Levels
    Previous Daily High 327.38
    Previous Daily Low 306.33
    Previous Weekly High 287.74
    Previous Weekly Low 233.4
    Previous Monthly High 253.48
    Previous Monthly Low 216.37
    Daily Fibonacci 38.2% 314.38
    Daily Fibonacci 61.8% 319.34
    Daily Pivot Point S1 306.78
    Daily Pivot Point S2 296.03
    Daily Pivot Point S3 285.73
    Daily Pivot Point R1 327.83
    Daily Pivot Point R2 338.13
    Daily Pivot Point R3 348.88

    ETH/USD

    Overview
    Today last price 316.34
    Today Daily Change -1.19
    Today Daily Change % -0.37
    Today daily open 317.53
     
    Trends
    Daily SMA20 259.22
    Daily SMA50 243.63
    Daily SMA100 226.66
    Daily SMA200 205.44
     
    Levels
    Previous Daily High 327.38
    Previous Daily Low 306.33
    Previous Weekly High 287.74
    Previous Weekly Low 233.4
    Previous Monthly High 253.48
    Previous Monthly Low 216.37
    Daily Fibonacci 38.2% 314.38
    Daily Fibonacci 61.8% 319.34
    Daily Pivot Point S1 306.78
    Daily Pivot Point S2 296.03
    Daily Pivot Point S3 285.73
    Daily Pivot Point R1 327.83
    Daily Pivot Point R2 338.13
    Daily Pivot Point R3 348.88

    ETH/USD

    Overview
    Today last price 316.34
    Today Daily Change -1.19
    Today Daily Change % -0.37
    Today daily open 317.53
     
    Trends
    Daily SMA20 259.22
    Daily SMA50 243.63
    Daily SMA100 226.66
    Daily SMA200 205.44
     
    Overview
    Today last price 316.34
    Today Daily Change -1.19
    Today Daily Change % -0.37
    Today daily open 317.53
    Overview Overview Overview Today last price 316.34 Today Daily Change -1.19 Today Daily Change % -0.37 Today daily open 317.53 Today last price 316.34 Today last price316.34316.34 Today Daily Change -1.19 Today Daily Change-1.19-1.19 Today Daily Change % -0.37 Today Daily Change %-0.37-0.37 Today daily open 317.53 Today daily open317.53317.53
     
    Trends
    Daily SMA20 259.22
    Daily SMA50 243.63
    Daily SMA100 226.66
    Daily SMA200 205.44
    Trends Trends Trends Daily SMA20 259.22 Daily SMA50 243.63 Daily SMA100 226.66 Daily SMA200 205.44 Daily SMA20 259.22 Daily SMA20259.22259.22 Daily SMA50 243.63 Daily SMA50243.63243.63 Daily SMA100 226.66 Daily SMA100226.66226.66 Daily SMA200 205.44 Daily SMA200205.44205.44
     
    Levels
    Previous Daily High 327.38
    Previous Daily Low 306.33
    Previous Weekly High 287.74
    Previous Weekly Low 233.4
    Previous Monthly High 253.48
    Previous Monthly Low 216.37
    Daily Fibonacci 38.2% 314.38
    Daily Fibonacci 61.8% 319.34
    Daily Pivot Point S1 306.78
    Daily Pivot Point S2 296.03
    Daily Pivot Point S3 285.73
    Daily Pivot Point R1 327.83
    Daily Pivot Point R2 338.13
    Daily Pivot Point R3 348.88
    Levels
    Previous Daily High 327.38
    Previous Daily Low 306.33
    Previous Weekly High 287.74
    Previous Weekly Low 233.4
    Previous Monthly High 253.48
    Previous Monthly Low 216.37
    Daily Fibonacci 38.2% 314.38
    Daily Fibonacci 61.8% 319.34
    Daily Pivot Point S1 306.78
    Daily Pivot Point S2 296.03
    Daily Pivot Point S3 285.73
    Daily Pivot Point R1 327.83
    Daily Pivot Point R2 338.13
    Daily Pivot Point R3 348.88
    Levels Levels Levels Previous Daily High 327.38 Previous Daily Low 306.33 Previous Weekly High 287.74 Previous Weekly Low 233.4 Previous Monthly High 253.48 Previous Monthly Low 216.37 Daily Fibonacci 38.2% 314.38 Daily Fibonacci 61.8% 319.34 Daily Pivot Point S1 306.78 Daily Pivot Point S2 296.03 Daily Pivot Point S3 285.73 Daily Pivot Point R1 327.83 Daily Pivot Point R2 338.13 Daily Pivot Point R3 348.88 Previous Daily High 327.38 Previous Daily High327.38327.38 Previous Daily Low 306.33 Previous Daily Low306.33306.33 Previous Weekly High 287.74 Previous Weekly High287.74287.74 Previous Weekly Low 233.4 Previous Weekly Low233.4233.4 Previous Monthly High 253.48 Previous Monthly High253.48253.48 Previous Monthly Low 216.37 Previous Monthly Low216.37216.37 Daily Fibonacci 38.2% 314.38 Daily Fibonacci 38.2%314.38314.38 Daily Fibonacci 61.8% 319.34 Daily Fibonacci 61.8%319.34319.34 Daily Pivot Point S1 306.78 Daily Pivot Point S1306.78306.78 Daily Pivot Point S2 296.03 Daily Pivot Point S2296.03296.03 Daily Pivot Point S3 285.73 Daily Pivot Point S3285.73285.73 Daily Pivot Point R1 327.83 Daily Pivot Point R1327.83327.83 Daily Pivot Point R2 338.13 Daily Pivot Point R2338.13338.13 Daily Pivot Point R3 348.88 Daily Pivot Point R3348.88348.88

     

     

    From: FXSTREET