Ethereum keeps hammering $ 160, will it break higher?

  • Upward pressure on ETH / USD to be overcome $ 160.
  • BTC / USD remains in a side beam waiting for its moment.
  • The XRP / USD faces big bullish challenges.

The current levels of resistance are becoming complicated.

The uptrend in Ethereum, which supports the market as a whole, still has a long way to go. There are more than ten days before the event in Constantinople, and at that time it is quite possible that the money will continue to come to its side.

Bitcoin, the king of Crypto World, will have his chance in the last stages of the current bullish trend. The current Ethereum movement is an excellent opportunity to scratch good Satoshis on Bitcoins, but when the time comes, it will be necessary to pass it on to Bitcoins to make the gains. That will be the critical moment for the king.

If you take the opportunity, we can see the start of a considerable upward trend. Otherwise, it is very likely that new lows will follow. Of course, with more Bitcoins in the wallet.

The ETH / BTC chart clearly shows us the break point at the end of December. The pair is currently trading at .0399 BTC for ETH. He has space to continue his trend around 0.065 BTC for ETH.

Do you want to know more about my technical configuration?

Daily chart BTC / USD

BTC / USD is currently trading at $ 3,785 price level, further narrowing the daily range and showing a small sign of strength of the trend.

It is likely that if the ETH / USD will manage to jump over $ 156, the BTC / USD price attacks the $ 3.925 level (resistance to price congestion), then it heads towards EMA50 to $ 4,150 and the next stopping point is the significant resistance line of $ 4,400 (resistance to price congestion).

On the downside of the chart, the most critical support is right now the first, which is al $ 3,600 price level (price congestion support). This level represents the frontier between the hope of having already seen the floor of the bearish trend and the nightmare of seeing new lows. The second level of support is a $ 3.265 (support for price congestion). Finally, the third level of support is at the recent lows of $ 3.126.

The MACD in the daily range continues to flatten, slightly below zero levels. This technical structure is ambiguous and everything is possible in the medium term.

The DMI in the daily range reinforces the scenario proposed by the MACD. There is absolute uncertainty on both sides of the market. Bears and bulls move at the same level with a small advantage for the bullish team.

Daily ETH / USD chart

ETH / USD exchanges at the price level of $ 154.5, after having hit the $ 158.5 level during the Asian session. The Ethereum is blocked at $ 160 level, and if it does not exceed this level quickly, the ETH / USD will have to add the resistance of SMA100 which is approaching the $ 165.88 price level on his to-do list.

Above the current price, the first resistance is to those mentioned above $ 160. The second resistance in addition to the aforementioned SMA100 is a $ 170 (resistance to price congestion). The third level of resistance is $ 180 (resistance to price congestion). Above this third level of resistance, the long-term downtrend channel ceiling a $ 185 He awaits.

Below the current price, ETH / USD has a bit more space than Bitcoin. The first level of support is on EMA50 a $ 135.67. The second level of support is a $ 125 (support for price congestion). The third level of support is a $ 95 (support for price congestion).

The MACD in the daily range shows a clear bullish profile. The indicator shows a good upward trend and the distance between the lines. On the negative side, the amount of movement from the minimum may require a consolidation process.

The DMI in the daily range shows us how the bulls continue to control the situation. The bulls do not show extreme strength, but remain comfortably above the bears. The bearish side of the market sees no opportunity for now and continues to diminish its trend-setting strength.

Daily XRP / USD chart

XRP / USD is currently trading at $ 0.359 Price level.

Above the current price, the first resistance is $ 0.369 (resistance to price congestion). Just above this level is the EMA50 a $ 0.3763. The second level of resistance is a $ 0.4147 (resistance to price congestion and SMA200). The third level of resistance is a $ 0.4276 (resistance to price congestion and SMA100).

As we can see, the upward challenges for Ripple are very complex.

Under the current price, the first level of support is $ 0.3449 (support for price congestion). The second level of support is $ 0.3200 (support for price congestion), and the third level of support is $ 0.295 (support for price congestion).

The bullish momentum remains above $ 0.3449.

The MACD in the daily interval shows a completely flat profile, with no distance between the lines. This is a message of uncertainty that only improves when you see that it is slightly above the midpoint of the indicator.

The DMI in the daily range still shows that the bulls have a slight advantage over the bears, but this decreases with each passing day. The bulls, on the other hand, are waiting and slightly increase their strength.

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