• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

Why Bitcoin Won’t Quit Rising

2025-05-21

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • 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 Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12
  • Videos

    Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

    2025-05-21

    Why Bitcoin Won’t Quit Rising

    2025-05-21

    OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

    2025-05-20

    ALL IN! 10X Bitcoin leverage RIGHT NOW!!

    2025-05-19

    Bitcoin: Buy Now, 10X Leverage!!!!!

    2025-05-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Ethereum is Poised to Hold $1800- Will ETH Price Break Above Resistance Line?
Altcoins

Ethereum is Poised to Hold $1800- Will ETH Price Break Above Resistance Line?

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

ethereum

The post Ethereum is Poised to Hold $1800- Will ETH Price Break Above Resistance Line? appeared first on Coinpedia Fintech News

The crypto market has recently met a sharp collapse, creating panic selling among investors. The Securities and Exchange Commission (SEC) has 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) gaining attention. However, despite the negative news, the ETH price continues to show positive momentum, leaving investors on the edge of the next price level. 

Ethereum’s On-Chain Data Provides Bullish Confidence 

Ethereum whales, or large non-exchange holders, have been steadily acquiring more of the cryptocurrency this year, now owning an unprecedented 31.8 million ETH, valued at over $59.6 billion. This trend, noted by analytics firm  santiment information




santiment

On-Chain






, occurs amidst recent market instability due to U.S. regulatory actions.

Quarterly futures of Ether are favored by large investors, known as whales, and arbitrage desks. These fixed-month contracts usually carry a small premium over the spot markets, suggesting that sellers demand a higher price for postponing settlement.

Consequently, in a robust market, ETH futures contracts should exhibit a 4 to 8% annualized premium. This condition, referred to as contango, is a common occurrence not exclusive to cryptocurrency markets.

Based on the futures premium, also referred to as the basic indicator, it appears that professional traders have been steering clear of leveraged long positions or bullish bets. However, even when the price retested the $1,780 mark on June 6, it wasn’t sufficient to shift the sentiment of these large investors and market makers towards a bearish outlook.

See also  How Tellor made a splash in the bear market

Also Read: Will Bitcoin and Ethereum Encounter a ‘Cruel Summer’? Here are Important Levels to Watch

What To Expect From ETH Price Next?

In the last two days, Ether’s (ETH) price fell below the resistance line of its descending wedge pattern, but the bears failed to capitalize on this momentum, indicating demand at lower price points.

Following the bearish breakout, bullish traders pushed the price back above the moving averages, but they 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, this could lead to a further drop in ETH’s price to the support line of the pattern. 

Trading View

As of writing, ETH price trades at $1,851, declining over 0.5% in the last 24 hours. Currently, the RSI level hovers near the 50-level, creating a stable region for Ethereum. However, if the ETH price fails to hold its current trend, it may drop to the immediate support level of $1,760, below which the next support will be $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 may then initiate an upward momentum toward $2,000 and eventually touch the resistance at $2,115. 

Break ETH Ethereum Hold line Poised Price Resistance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18

Bitcoin to 120k, ETH Explosion & Next Top Altcoins To PUMP!

2025-05-12

WHY Tesla’s Lead is UNTOUCHABLE! 🚀📊 + Price Predictions!

2025-05-08

ETHEREUM.. Sell? Hold? Switch to Bitcoin? 🤔

2025-05-05
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Stablecoin regulation finds footing with Republicans, what you need to know

2023-04-25

The Republicans on the House Financial Services Committee (HFSC) brought forward a discussion draft of…

Videos

Is Bitcoin Dead In The Water?

2024-08-29

Join my Bitcoin University email list: https://www.bitcoinuniversity.com/email-list In this video, I discuss whether Bitcoin is…

NFT

NFT Startup Americana Thinks It Can Take on eBay

2023-05-19

NFT Americana, a crypto-native NFT trading platform that bridges digital collectibles to real world assets,…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

Why Bitcoin Won’t Quit Rising

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

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

bitcoin
Bitcoin (BTC) $ 111,085.76
ethereum
Ethereum (ETH) $ 2,674.20
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.44
bnb
BNB (BNB) $ 684.49
solana
Solana (SOL) $ 186.80
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.247088
cardano
Cardano (ADA) $ 0.820572
tron
TRON (TRX) $ 0.275589
bitcoin
Bitcoin (BTC) $ 111,085.76
ethereum
Ethereum (ETH) $ 2,674.20
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.44
bnb
BNB (BNB) $ 684.49
solana
Solana (SOL) $ 186.80
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.247088
cardano
Cardano (ADA) $ 0.820572
tron
TRON (TRX) $ 0.275589