Ethereum Price Technical Analysis – ETH Upside Move Underway
Ethereum price enjoyed a nice recovery vs the US Dollar, and if the current trend in ETH/USD continues, then the price could gain further. Ethereum price ETH continued to gain strength, and traded higher after posting intraday gains. The upside move was strong enough to break yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD. The recent break looks positive, and if the ETH bulls remain in control, then there are chances of more gains in the short term. The price also moved above the 50% Fib retracement level of the last drop from the $14.40....
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Ethereum price is back in action, as there was a nice upside move in ETH/USD. More gains are likely moving ahead as the resistance is now support. Key Highlights. ETH price surged higher versus the US Dollar and posted a solid move above the $12.00 handle. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken for an upside move. The ETH bulls managed to gain control, and took the price higher towards $12.75. Ethereum Price Bounce. Yesterday, I stated that the ETH buyers need an encouragement for an upside move. Ethereum price did move....
Ethereum price retained the bullish bias after a minor correction, and the current price action in ETH suggests more gains in the short term. Key Highlights. Ethereum price started to move higher once again vs the US dollar, and it looks like my yesterday’s idea of a test $20.0 is possible. There is now a channel pattern forming on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a catalyst for the upside move. If the current momentum continues, there is a chance of an upside move towards $20.00. Ethereum Price Upside Move. Ethereum price ETH after trading towards the....
Ethereum price jumped higher once again versus the US Dollar, but the $12.10 level managed to prevent the upside move in ETH/USD. Key Highlights. ETH price attempted another upside move as forecasted against the US Dollar, but failed to break the $12.10 resistance. The main highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still in place on the downside acting as a support. There is a chance of a minor dip in the price if it continues to find sellers on the upside. Ethereum Price Resistance. Ethereum price managed to spike another time recently....
Ethereum price after an upside move towards $10.40 versus the US Dollar failed. ETH/USD is now back trading below $10.20 with support near $9.60. Key Highlights. ETH price managed to trade higher above $10.20 against the US Dollar, but failed to hold gains. There was a bearish trend line (as highlighted in yesterday’s post) on the hourly chart (data feed via SimpleFX) of ETH/USD, which was cleared for an upside move. The price traded as high as $10.37 where it found sellers and moved down. Ethereum Price Failed Upside? Yesterday, there were a few bearish signs for ETH price against the US....
Key Highlights. ETH price after a sharp downside move found support near $9.00 against the US Dollar, and started recovering. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the recent upside move. The price traded higher, and currently finding sellers near the $9.80-10.00 area. Ethereum price after yesterday’s collapse found support near $9.00 against the US Dollar. The ETH/USD is now back higher and in the bullish zone. Ethereum Price Upside Move. We saw yesterday how there was a sharp decline in ETH price against the....