Ethereum Price Weekly Analysis – ETH/USD Downtrend Intact?
Ethereum price is under a lot of bearish pressure vs the US Dollar and Bitcoin, and ETH/USD may continue to trade lower going forward. Key Highlights. Ethereum price remained under a lot of pressure this past week against the US Dollar and Bitcoin. There is a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which is pushing the price down. The $8.00 handle may play a major role for the pair in the near term for the ETH buyers. Ethereum Price Downside Pressure. It was a bad week for ETH price, as it declined heavily against the US Dollar and Bitcoin.....
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Ethereum classic price formed yet another low against the Bitcoin, and it looks like ETC/BTC downtrend is still intact. Key Highlights. Ethereum classic price traded further lower against the Bitcoin and broke the last low of 0.00106BTC. The price is currently recovering, but facing sellers near a bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC. A break above it may initiate further recovery in ETC in the short term. Ethereum Classic Price New Low. ETC price continued to trade lower against the Bitcoin, and also broke yesterday’s low of 0.00106BTC. A new....
Ethereum Price Key Highlights. Ethereum price has broken above a short-term descending trend line and has been on a steady climb, but it is encountering a bit of resistance at an area of interest. This lines up with the Fib levels and a former consolidation area, which suggests that plenty of limit orders are located there. Ethereum price is still deciding where to go from here, as a selloff could bring it back to the previous lows while an upside breakout could confirm the bull run. Rally Overdone? Technical indicators seem to be suggesting that the rally is overdone, as RSI and....
Ethereum price moved above $10, which was a major hurdle. Moving ahead, more gains are likely as the uptrend seems to be intact. Intraday Support Level can be $9.80. Intraday Resistance Level may be $10.50. Ethereum price surprised many traders, but our view of buying it played out well. I even mentioned that there is a chance of it testing the $10 handle. The price did trade higher and broke the $10 handle. I was anticipating some selling pressure near the stated level, but that did not happen. The price continued to move higher and traded as high as $10.48. There is now a bullish trend....
Ethereum Classic (ETC) produced a godlike candle as the market’s sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher. (Data from Binance) Related Reading: $500 Million In Bitcoin Shorts Pile In As BTC Price Sits Below $20,000, Will They Get Squeeze? Ethereum Classic (ETC) Price Analysis On The Weekly Chart The price of ETC has had a tough time in recent....
Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400. Ethereum Weekly Chart The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend. There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA). Ethereum, as of writing, is trading at $1,580 after being rejected at $1,722; Ethereum could not break the weekly....