Ethereum Price Weekly Analysis – ETH/USD Facing Trouble
Ethereum price recent recovery faced sellers, and it looks like the ETH/USD pair is facing a major hurdle on the way up towards $8.00-20 Key Highlights. Ethereum price after correcting towards $8.80 against the US Dollar found resistance and traded lower. There is a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which is acting as a hurdle for more upsides. As long as the price is below it, there is a risk of more declines in the near term. Ethereum Price Resistance. It looks like it won’t be an easy task for Ethereum price to remain in control....
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The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few weeks outperformed the price of Bitcoin (BTC) but has shown bearish signs indicating the ETH price could be set to retest the nearest support. Related Reading: TA: Ethereum Could Take Hit As The Bulls Show Weak Hands Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,700, which bounced from that area and rallied to a price of $2,030 after showing great recovery signs in recent....
The price of Ethereum (ETH) has struggled against Tether (USDT) in the past few days, with more downtrend than the bullish sentiment seen in recent weeks. Despite outperforming Bitcoin (BTC) in recent weeks, the price of Ethereum has found itself in key zones that would decide its major move. Related Reading: Ethereum Price Slides As Staked Token Reaches New ATH Ahead Of Hyped Merge Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,020, which bounced from that area and rallied to a price of $2,000 after showing great recovery signs....
Ethereum price formed a weekly low below $7.00 against the US dollar. The ETH/USD pair is currently recovering, but facing resistance near $7.20. Key Highlights. ETH price after declining towards the $6.83 level against US Dollar stated correcting higher. There is a major resistance area near a bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD at $7.20. As long as the pair is below the highlighted resistance area, it won’t be easy for the bulls to take the price higher. Ethereum Price Upside Barrier. There were further declines in ETH price, as it moved down below....
ENS price ranges break above 50 EMA on the daily timeframe. ENS price gets rejected as price attempts to break out of an asymmetric triangle. The price holds above daily support and could retest daily resistance for a possible break. Ethereum Names Service (ENS) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With Ethereum Name Service (ENS) facing resistance to breaking above $16, acting as a tough resistance area, the price of ENS continues to trade above daily support as the price aims to break key resistance.....
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....