• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ethereum News

Ethereum price prediction: ETH rests near $340, what’s next?

Taha Farooqui by Taha Farooqui
September 23, 2020
in Ethereum News
4 min read
Ethereum price rests near $340, what's next?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Ethereum price hits $342 mark but unable to sustain the resistance.
  • Ethereum facing strong resistance at $346.
  • Ethereum facing strong volatility that may continue on the short-term scales.

On the 22nd of September, the Ethereum price continued its price variation near the $340 mark. On the previous day, the cryptocurrency approached the $345 level after resuming its ascension.

Ethereum price movement in the last 24 hours

Ethereum price chart 1 - 22 September
Ethereum price chart by Trading View

Ethereum traded at $339.57 US Dollars at the time of writing. The cryptocurrency fell to at day’s low of $333.47. While the 24-hour high was observed at the $346 mark.

Will Ethereum test the $357 resistance?

The Trading View analyst Atlas Trades is of the opinion that the ETHUSD trading pair will rise towards the $357 resistance level soon.

RelatedPosts

Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

Ether reached $1,467 ATH as exchange outflow spikes

Ethereum price prediction: ETH to reverse to $1100 support

Ethereum price prediction: ETH to climb to $1,300 resistance

Ethereum price chart 2 - 22 September
Ethereum price chart by Trading View

After the cryptocurrency fell towards the $340 level on the 21st of September, the price line varied between the $336 to $348 range until the 23rd of September. The ETH price also approached the $333 support level during the initial fall.

The analyst believes that Ethereum will now pullback towards the upside and return towards the $357 resistance level. Per the analyst, the cryptocurrency will eventually grow towards this resistance level.

What’s next for the ETH price?

The Trading View analyst Mudrex believes that the LTCUSD trading pair will see a downtrend on the 4-hour chart.

Ethereum price chart 3 - 22 September
Ethereum price chart by Trading View

The ETH price observed sideways movement after it obtained support from the lower Bollinger Band. The baseline depicts a downtrend for the ETH price, per the analyst. The price trajectory lay below the cloud, which confirms an upcoming downtrend as well. The Moving Average Convergence Divergence (MACD) line moved below the signal line while the histogram size was observed decreasing in the negative region. This indicates that the ETHUSD trading pair has a bearish momentum up ahead.

The Relative Strength Index (RSI) has been moving close to 30.00 for the past 2 days. The technical indicator has been moving in and out of the oversold region for the coin.

Will Ethereum see an uptrend?

The Trading View analyst Project Syndicate believes that the ETH price will observe an uptrend towards the $550 mark on the long-term trade.

Ethereum price chart 4 - 22 September
Ethereum price chart by Trading View

The analyst believes that ETH price will see a short-term move towards the downside, and then bulls will come into play to observe a pullback of the price after some sideways movements. During this time, the price will have been pushed back into the accumulation region that is marked on the chart. The stop-loss for this order was placed at 20%, and the analyst called this a swing trade setup. The target price was marked with 150% to 200% gains near $550.

What to expect from Ethereum?

The Trading View analyst Vince Prince is of the opinion that the ETHUSD trading pair will soon test the resistance cluster, after which it is expected to fall towards the $310 level.

Ethereum price chart 5 - 22 September
Ethereum price chart by Trading View

Currently, the cryptocurrency is observing marginal uptrend moves. The analyst believes that these moves will lead the cryptocurrency into a resistance cluster. At the cluster, the 35-Day Exponential Moving Average (35EMA), the horizontal resistance in red, and the descending resistance in black, they all seem to be meeting. This means that the resistance at this point will be considerably high and the ETH price will not be able to break above this resistance.

The analyst discussed that the price trajectory will bounce off the cluster after testing it, then the price will move downwards along the descending resistance.

Disclaimer: The information provided is not a trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Ethereum price
Ethereum News

Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

January 26, 2021
Ripple had stellar growth in 2020 despite US charges
Ethereum News

Ether reached $1,467 ATH as exchange outflow spikes

January 25, 2021
Ethereum price prediction
Ethereum News

Ethereum price prediction: ETH to reverse to $1100 support

January 24, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Types of Mining 1

Types of Mining

January 27, 2021
What Makes the Bitcoin Trading Industry Worth It 2

What Makes the Bitcoin Trading Industry Worth It

January 27, 2021
Things to Know about Bitcoin 3

Things to Know about Bitcoin

January 27, 2021
Be Part of the Bitcoin Era Today! 4

Be Part of the Bitcoin Era Today!

January 27, 2021
Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

January 27, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 5

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.