CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » ETH » Ethereum Price Analysis: Can ETH Finally Break Above $150?

Ethereum Price Analysis: Can ETH Finally Break Above $150?

Author: Yaz Sheikh

Last Updated Dec 5, 2019 @ 15:14
Getting your audio player ready...
  • Ethereum saw a small increase of 1% as it attempted to regain ground back above $150.
  • ETH is poised to break beneath the 2-month long symmetrical triangle.
  • The bulls must break above $158 to start a short term bull run.

Key Support & Resistance Levels

ETH/USD

Support:  $145, $140, $133.50

Resistance: $158.60, $165, $175, $185.

ETH/BTC:

Support: 0.01966 BTC, 0.019 BTC, 0.01850 BTC

Resistance: 0.020 BTC, 0.021 BTC, 0.0215 BTC, 0.0223 BTC

ETH/USD: The Downtrend Seems To Continue 

ethusd-dec5

Since our last analysis, Ethereum started to decrease but managed to find support around the $145 area. The cryptocurrency has now bounced higher, largely due to Bitcoin’s recent price hike, as it now attempts to break back above the $150 level.

ETH has been trapped within a descending price channel for a few months and will need to break above this channel for a bullish run to begin. If it can rise above $158, this will be a good sign that a short term bull run is in motion.

Ethereum Short Term Price Prediction

If the buyers start to drive ETH above $150, we can expect immediate resistance to be located at $158 and $165. The $165 level had provided strong support for the market during August and September and is expected to provide an equal level of resistance moving forward. Above this, resistance is located at the upper boundary of the channel at around $175.

Alternatively, immediate support toward the downside lies at $145 and $140. Beneath this, support lies at $133.50 and 4130.

The RSI is rising toward the 50 level which shows that the previous selling pressure may be fading. However, we would need to see the RSI break above 50 if we would like to see ETH breaking above $160.

ETH/BTC: Ethereum Seems Primed For More Pain

ethbtc-dec5

Against Bitcoin, ETH has returned to the lower boundary of the symmetrical triangle as it looks to break beneath. It has been trading within this triangle for over a month now and a breakout was expected to dictate the direction of the next trend. Unfortunately for the bulls, it seems that ETH would like to travel lower against BTC if it breaks beneath that boundary.

Ethereum Short Term Price Prediction

If it drops beneath the boundary, immediate support is located at 0.01966 BTC and 0.019 BTC (.618 Fib Retracement). Beneath this, added support is found at 0.0175 BTC and 0.017 BTC.

Alternatively, if the buyers can hold above the lower boundary of the triangle and bounce higher, we can expect immediate resistance at 0.02 BTC. Higher resistance lies at 0.021 BTC (100-days EMA) and the upper boundary of the triangle (around 0.02140 BTC).

The RSI is trending lower which shows that the sellers are increasing their momentum within the market. The Stochastic RSI is poised for a bullish crossover signal, however, we must be patient for this signal to develop before making any decisions!

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.
Tags: Ethereum (ETH) Price
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Yaz Sheikh
More posts by this author

Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

12 Best Meme Coins to Watch in July 2025

12 Best Meme Coins to Watch in July 2025

7 Best Meme Coin Presales to Watch in July 2025

7 Best Meme Coin Presales to Watch in July 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in July 2025

11 Best Crypto Presales to Consider in July 2025

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!