Ethereum (ETH) Price Analysis (May 14)

• Ethereum continues to be comparatively more bullish in the medium-term.
• The cryptocurrency has a limited downside.

ETH/USD Medium-term Trend: Bullish

Key levels
• Resistance levels : $260, $270, $280
• Support levels: $85, $75, $65

Ethereum is in an uptrend in its medium-term outlook. The impulsive move by the bulls at $201.33 at the resistance area during yesterday’s session is corrected today, by the bears, as the daily market opens today. The session closes with $199.89 in the resistance area.

Today daily session opens on a bearish note at $198.68 in the support area as the bears return briefly into the market in the early hours of today.

The coin drops to $196.95 in the support area. Now price revolving around the EMAs is an indication that sellers are gradually returning to the market.

The stochastic oscillator pointing upwards at around level 43% in the oversold region suggests the momentum in price is in an uptrend and may continue in the same direction in the future in the medium-term.

The supply level of $246 may be retested by the bulls in the future.

ETH/USD Short-term Trend: Bullish

Analyzing the short-term chart outlook of Ethereum, we can see that the momentum is in a bullish trend. The crypto looks quite bullish here.

The sustained bullish pressure pushes the cryptocurrency further up at $201.33 before the end of yesterday’s session.

The bears return gradually with an initial drop to $199.89 in the support area as the 4-hourly market opens today.

ETHUSD price is down initially at $196.95 in the support area above the two EMAs, this signifies that the momentum in price of the crypto is in an uptrend at the moment.

Meanwhile, the signal of the stochastic pointing down at around level 88% in the overbought region suggests that the movement in the price of Ethereum might begin to favor the bears sooner or later in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication ( holds any responsibility for your financial loss.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Ben Jordan
Ben Jordan
Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Goldman Sachs’ Lazy Bitcoin Assessment is Embarrassing

Crypto community has been eagerly awaiting Goldman Sachs’ client call today in which they were to discuss bitcoin. But it all turned out to be...

Crypto Derivatives Exchange ErisX, Opens API Service for BCH, BTC, ETH, and LTC Block Trading

ErisX REST API will now grant registered clients access to their Block Trade platform. This will be a reserve for the Institutional investors...

Polkadot’s Chain Candidate Goes Live in Anticipation for the Proof of Stake (PoS) Version

Polkadot's initial mainnet has been launched by Web3 Foundation and Parity Technologies according to a blog post on May 26. This much anticipated sharding...

Bitfury Announces Bitcoin Mining Investment Program For Institutional Clients

Bitfury, one of the oldest Bitcoin mining firms established back in 2011, has announced a Bitcoin mining investment program for institutional investors on May...

7 Bullish Ethereum Charts that says Ether is “Significantly Undervalued”

The price of Ether might still be struggling around $200 but its fundamentals are screaming bullish. Post Black Thursday sell off, Ether has been seeing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today