Ethereum Price Technical Analysis – Perfect Trend Line Support Bounce

Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....

Ethereum price after a minor dip yesterday against the US Dollar found support, and ETH/USD currently looks set for more upsides in the near term. Key Highlights. ETH price after trading as low as $10.28 against the US Dollar yesterday started a recovery. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken to open the doors for more gains. The price bounced from a perfect technical support area, suggesting the price may gain further. Ethereum Price Bullish Move. ETH price after trading as high as $11.35 started a correction phase....

Ethereum price traded down near $7.0 where buyers appeared. Currently, it looks like there is a chance of ETH/USD breaking higher in the short term. Ethereum price ETH made a perfect bottom near $7.0. I highlighted in yesterday’s analysis that there is a chance of ETH/USD moving down towards $7.0, which can then produce a bounce. The price did test the mentioned level and moved higher later. There was a nice upside reaction, signaling more gains in the near term. ETH/USD is currently attempting to break a bearish trend line on the hourly chart (data feed via Kraken), which is also....

Ethereum price registered solid gains versus the US Dollar yesterday and currently correcting lower to gain bids on the downside. Key Highlights. ETH price surged higher against the US Dollar and broke many important resistance levels on the way up. After trading as high as $12.50, the price corrected lower. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD provided support during the downside and protected losses Ethereum Price Correction. Ethereum price ETH as mentioned climbed as high as $12.50 against the US Dollar where it found sellers....

Bitcoin Price Key Highlights. Bitcoin price is still on the decline, with the corrective wave from the previous price rally not yet completed. A rising trend line can be drawn connecting the recent lows of bitcoin price action since the start of this year. Bitcoin price might make it all the way down to test the long-term rising trend line support before showing a bounce or resuming its climb. Dynamic Support at SMAs. The rising trend line could serve as the line in the sand for any corrective moves off the long-term uptrend, as a break below this level could send bitcoin price in a free....