CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$27,222.00
  • ethereum
    ETH$1,904.52
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Ethereum Price Analysis Mar.18: ETH On a Decision Point Facing The Crucial $142 Resistance

    Ethereum Price Analysis Mar.18: ETH On a Decision Point Facing The Crucial $142 Resistance

    Author: Yaz Sheikh

    Last Updated Dec 18, 2019 @ 15:02

    Ethereum has risen by a minor 3% over the past 7 trading days, bringing the current price up to $141. The market had managed to break above the significant resistance at $142 but has failed to remain above this level. However, the sideways movement we have seen over the past few weeks has started to show signs that the market is ready to move higher.

    Looking at the ETH/USD 1-Day Chart:

    • Since our previous ETH/USD analysis, we can see that Ethereum had recently been successful in breaking above the March resistance at the $142 level. However, the price action was unable to capitalize on this break any higher and has now returned back beneath the $142 resistance level.
    • From above: The nearest resistance above lies at $142 again. Above this, higher resistance lies at $152, $161 and $165. If the buyers bring the market above $165 we can expect a more significant resistance at $170 where the long term bearish .618 Fibonacci Retracement lies, measured from the November 2018 high to the December 2018 low.
    • From below: The nearest level of support lies at the rising trend line (dashed line). Beneath this, we can expect support at $135, $128, $125 and $120. If the sellers break beneath $120, additional support then lies at $117, $110 and $103.
    • The RSI has managed to break up above the 50 level as the buyers take control of the market momentum. We will need to see the RSI rise higher to see the market continuing to climb.
    • The trading volume remains lower than the 2019 average.

    eth_usd_18mar19

    Looking at the ETH/BTC 1-Day Chart:

     

    • Following our previous ETH/BTC analysis, we can see that the cryptocurrency had managed to break above the short term descending trend line we had previously highlighted. It then continued to rise but was unable to hold above the 0.035 BTC level. ETH has since fallen below 0.035 BTC to where it is currently trading at 0.03463.
    • From above: The nearest resistance lies at 0.035 BTC. This is then followed with resistance at 0.03590 BTC, 0.037 BTC and 0.038 BTC. If the buyers can break above 0.039 BTC, higher resistance lies at 0.040BTC and 0.041788 BTC.
    • From below: The nearest support lies at the short term rising trend line. This is then followed with more support at 0.03357 BTC where the short term .618 Fibonacci Retracement level lies. Beneath 0.033 BTC we can expect more support at 0.0325 BTC, 0.03158 BTC and 0.030 BTC.
    • The RSI had managed to break above 50 but has now returned to the 50 handle which indicates indecision within the market.
    • The trading volume also remains low in the ETH/BTC market.

    eth_btc_18mar19

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.


    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.

  • bitcoin
    BTC$27,222.00
  • ethereum
    ETH$1,904.52
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    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 - 2021
    Scroll to top
    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 moment
    Invalid email address
    Thanks for subscribing!