Ethereum (ETH) Price Analysis – April 17

Share On Facebook

ETHUSD Medium-term Trend: Bearish


• Resistance Levels: $230, $240, $250
• Support Levels: $150, $140, $130

Ethereum’s price is in a bullish trend. On April 8, the bulls managed to bring ETH to a high of $187.98. The bulls faced resistance at the $184 level and as a result the price fell to a support at the 12-day EMA. The crypto’s price ranged above the 12-day EMA and was resisted again at the $170 level.

ETH has now falling to the $160 mark, where it has support. The price of the cryptocurrency is trading between that support and the $170 level, where it faces resistance. If the bulls break through it, it may go to $184 or even $200.
If the bulls fail to break through the $170 mark, the cryptocurrency’s price is set to range close to its resistance. The Stochastic indicator is in the overbought region, but below 60, indicating bearish momentum.


ETHUSD Short-term Trend: Bullish

On the 4-hour chart, the price of Ethereum is in a bullish trend. Since April 15, the crypto’s price has been making a series of higher highs and higher lows. On April 17, a Doji candlestick appeared indicating that the buyers and sellers were undecided about the direction of the market.

The bulls have taken over but the current bullish trend is likely to be over soon. The crypto’s price is expected to hit the $170 price level but may face resistance afterwards.

Meanwhile, the Stochastic Indicator is in the overbought region but above 80 which indicates that the crypto is in a strong bullish momentum and is a buy signal.




The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.




CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191014 07:03:13