Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Ethereum is poised to hold $1800. Will the ETH price break above the resistance line?
Altcoins

Ethereum is poised to hold $1800. Will the ETH price break above the resistance line?

2023-06-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

ether

Post Ethereum Poised to Hold $1800 – Will ETH Price Break Above Resistance Line? first appeared on Coinpedia Fintech News

The crypto market has recently collapsed sharply, causing panic selling among investors. The Securities and Exchange Commission (SEC) recently filed lawsuits against two major cryptocurrency exchanges, Binance and Coinbase, leading to a significant downturn in the market. This bearish momentum has created a bloodbath in the crypto arena, with Ethereum (ETH) drawing attention. Despite the negative news, ETH price continues to show positive momentum, leaving investors on the brink of the next price level.

Ethereum’s on-chain data offers bullish confidence

Ethereum whales, or large non-exchange holders, have been steadily acquiring more of the cryptocurrency this year and now own an unprecedented 31.8 million ETH, worth more than $59.6 billion. This trend, spotted by analytics company santiment information






sanction

On the chain





takes place amid recent market instability due to regulatory action in the US.

Ether quarterly futures are favored by large investors, known as whales, and arbitrage agencies. These fixed-month contracts usually carry a small premium over the spot markets, suggesting that sellers are charging a higher price for delaying settlement.

Consequently, in a robust market, ETH futures contracts should show a 4 to 8% annualized premium. This condition, also known as contango, is common and not exclusive to cryptocurrency markets.

Based on the futures premium, also known as the base indicator, it appears that professional traders have moved away from leveraged long positions or bullish bets. But even as the price retested the $1,780 mark on June 6, it wasn’t enough to shift the sentiment of these major investors and market makers to a bearish outlook.

See also  Congress is struggling to meet Trump's Augustus Deadline for the American crypto regulations

Also Read: Will Bitcoin and Ethereum Face a ‘Cruel Summer’? Here are important levels to watch

What to expect from the next ETH price?

Over the past two days, the price of Ether (ETH) fell below the resistance line of the descending wedge pattern, but the bears failed to capitalize on this momentum, pointing to demand at lower price points.

After the bearish breakout, bullish traders pushed the price back above the moving averages, but faced significant selling pressure near the $1,895 level. Currently, sellers are trying to keep the ETH price below the resistance line, and if successful, it could lead to a further drop in the price of ETH to the pattern’s support line.

Trade view

At the time of writing, ETH price is trading at $1,851, down more than 0.5% in the past 24 hours. Currently, the RSI level is hovering near the 50 level, creating a stable region for Ethereum. However, if ETH price fails to maintain its current trend, it could drop to the immediate support level of $1,760, below which the next support will be at $1,610.

Conversely, if the price breaks above the resistance line, it would imply that the bulls have converted this line into a support level. Ethereum price could then initiate upward momentum towards USD 2,000 and eventually hit resistance at USD 2,115.



Source link

Break ETH Ethereum hold Line poised Price Resistance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

How to stimulate your PI network extraction rate with 26x in 2025 – Key Strategy

2025-05-19
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Does the SEC really have jurisdiction over NFT art? Two artists are suing SEC to get an answer

2024-07-31

Sanctions Crypto money launderer tied to Russian elite

2023-11-04

Bitcoin Buyers Step Up – Can They Push BTC Above $64,000?

2024-09-23
Editors Picks

Shiba Inu – Can the Chainlink Partnership Help SHIB After the 35% Drop?

2024-12-21

Dogecoin becomes the 8th largest cryptocurrency after adding $1 billion in market cap

2023-07-21

CME Group will offer Ether/Bitcoin ratio futures in July

2023-06-29

39-Month Cycle Says XRP Price Is Poised for a Breakout to $1,000, Here’s the Moment

2023-10-06
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP -Price confirms Bullish reversing settings with this demand zone

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,540.591.41%
  • ethereumEthereum(ETH)$2,519.984.55%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.380.35%
  • binancecoinBNB(BNB)$648.611.47%
  • solanaSolana(SOL)$166.53-0.28%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2242410.69%
  • cardanoCardano(ADA)$0.740.97%
  • tronTRON(TRX)$0.265309-0.05%
  • suiSui(SUI)$3.791.26%
  • chainlinkChainlink(LINK)$15.773.38%
  • avalanche-2Avalanche(AVAX)$22.290.80%
  • stellarStellar(XLM)$0.2856350.06%
  • hyperliquidHyperliquid(HYPE)$26.471.55%
  • shiba-inuShiba Inu(SHIB)$0.0000151.06%
  • hedera-hashgraphHedera(HBAR)$0.1921711.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.47%
  • bitcoin-cashBitcoin Cash(BCH)$391.00-1.90%
  • litecoinLitecoin(LTC)$99.141.75%
  • the-open-networkToncoin(TON)$3.01-2.21%
  • polkadotPolkadot(DOT)$4.60-0.31%
  • moneroMonero(XMR)$343.051.09%
  • bitget-tokenBitget Token(BGB)$5.170.62%
  • pepePepe(PEPE)$0.0000132.97%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.730.32%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.982.20%
  • aaveAave(AAVE)$240.156.89%
  • bittensorBittensor(TAO)$406.85-0.95%
  • nearNEAR Protocol(NEAR)$2.762.18%
  • aptosAptos(APT)$5.172.97%
  • okbOKB(OKB)$52.26-1.24%
  • ondo-financeOndo(ONDO)$0.930.71%
  • kaspaKaspa(KAS)$0.107239-0.27%
  • ethereum-classicEthereum Classic(ETC)$18.421.87%
  • internet-computerInternet Computer(ICP)$5.231.71%
  • gatechain-tokenGateToken(GT)$21.42-0.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.920.32%
  • crypto-com-chainCronos(CRO)$0.095728-1.66%
  • mantleMantle(MNT)$0.73-0.58%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2331330.45%
  • vechainVeChain(VET)$0.0279951.25%
  • render-tokenRender(RENDER)$4.561.55%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • ethenaEthena(ENA)$0.365367-0.93%
  • filecoinFilecoin(FIL)$2.893.33%
  • algorandAlgorand(ALGO)$0.2218872.34%
  • arbitrumArbitrum(ARB)$0.3907143.75%
  • bitcoinBitcoin(BTC)$105,540.591.41%
  • ethereumEthereum(ETH)$2,519.984.55%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.380.35%
  • binancecoinBNB(BNB)$648.611.47%
  • solanaSolana(SOL)$166.53-0.28%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2242410.69%
  • cardanoCardano(ADA)$0.740.97%
  • tronTRON(TRX)$0.265309-0.05%
  • suiSui(SUI)$3.791.26%
  • chainlinkChainlink(LINK)$15.773.38%
  • avalanche-2Avalanche(AVAX)$22.290.80%
  • stellarStellar(XLM)$0.2856350.06%
  • hyperliquidHyperliquid(HYPE)$26.471.55%
  • shiba-inuShiba Inu(SHIB)$0.0000151.06%
  • hedera-hashgraphHedera(HBAR)$0.1921711.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.47%
  • bitcoin-cashBitcoin Cash(BCH)$391.00-1.90%
  • litecoinLitecoin(LTC)$99.141.75%
  • the-open-networkToncoin(TON)$3.01-2.21%
  • polkadotPolkadot(DOT)$4.60-0.31%
  • moneroMonero(XMR)$343.051.09%
  • bitget-tokenBitget Token(BGB)$5.170.62%
  • pepePepe(PEPE)$0.0000132.97%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.730.32%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.982.20%
  • aaveAave(AAVE)$240.156.89%
  • bittensorBittensor(TAO)$406.85-0.95%
  • nearNEAR Protocol(NEAR)$2.762.18%
  • aptosAptos(APT)$5.172.97%
  • okbOKB(OKB)$52.26-1.24%
  • ondo-financeOndo(ONDO)$0.930.71%
  • kaspaKaspa(KAS)$0.107239-0.27%
  • ethereum-classicEthereum Classic(ETC)$18.421.87%
  • internet-computerInternet Computer(ICP)$5.231.71%
  • gatechain-tokenGateToken(GT)$21.42-0.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.920.32%
  • crypto-com-chainCronos(CRO)$0.095728-1.66%
  • mantleMantle(MNT)$0.73-0.58%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2331330.45%
  • vechainVeChain(VET)$0.0279951.25%
  • render-tokenRender(RENDER)$4.561.55%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • ethenaEthena(ENA)$0.365367-0.93%
  • filecoinFilecoin(FIL)$2.893.33%
  • algorandAlgorand(ALGO)$0.2218872.34%
  • arbitrumArbitrum(ARB)$0.3907143.75%