Ethereum Price Weekly Analysis - Likely To Trade Higher?
Ethereum Price Key Highlights. Ethereum price is trading with a nice bullish trend line on the hourly chart, which is helping buyers. The price after settling around 0.00230BTC managed to gain bids and traded above 0.00270BTC. There are many positive signs on the hourly chart, suggesting there is more upside left. Ethereum price managed to gain strength this past week, and might trade above 0.00320BTC in the near term. 100 MA as support? The Ethereum price climbed higher this past week after finding support near 0.00230BTC. There is a nice bullish trend line formed on the hourly chart,....
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Ethereum ETH price regained its bullish trend against Tether (USDT) as it builds more strength to break above the key resistance ahead of “The Merge.” ETH price saw a rejection to a region of $1,500 recently as it could not hold its bullish trendline acting as support. (Data from Binance) Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Ethereum ETH Price Analysis On The Weekly Chart From the chart, the price of ETH saw its price rejected to a region of $1,540 on the weekly chart as the price was unable to hold $1,700 and the trendline acting....
Bitcoin price looks bullish on a higher timeframe chart like the weekly chart, but the BTC bulls must capitalize and take it higher. Key Points. Bitcoin price may trade higher vs the US Dollar, as it looks it broke a major resistance area. There was a contracting triangle pattern formed on the weekly chart (data feed from Bitstamp) of BTC/USD, which was broken during the recent upside move. The price is now above the 100-weekly simple moving average, which is a positive sign for the BTC bulls. Bitcoin Price Crucial Break. Bitcoin price managed to slowly climb higher vs the US dollar, and....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....
Bitcoin price is currently in a bullish trend against the US Dollar, and it looks like the BTC/USD pair may trade further higher this week. Key Points. Bitcoin price surged higher this past week versus the US Dollar to register a close above the $635 resistance. There is a flag pattern forming on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which may ignite another rally. The price may break the recent high of $647 to challenge the $650 level moving ahead. Bitcoin Price Buy Dips. In the last weekly analysis, I stated that Bitcoin is a good buy on the dips against the US Dollar....
Key Highlights. Bitcoin price continued to rocket higher in the tensed market, as there were a lot of inflows noted during this past week. There are many supports on the downside that are likely to act as a hurdle for sellers if the price moves lower from the current levels. Bitcoin price traded close to 300.00, and traded as high as 294.63 where it found sellers and moved a bit lower. We stated in the previous weekly analysis that Bitcoin price remains in an uptrend, and there is a high probability that price might continue to move higher. The price did move higher, as buyers remained in....