Ethereum price made a major move this past week versus the US Dollar, and it remains supported as there is a crucial support on the downside.
Ethereum price surged higher this past week against the US Dollar and made a high of $14.22.
The price remains supported as there is a bullish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX).
The price may dip from the current levels, but the bulls may be able to protect the downside.
Ethereum Price Trend Line.
Ethereum price ETH surged higher recently versus the new dollar and we even saw a new....
Ethereum price traded higher versus the US Dollar and my buy dips idea presented yesterday is playing well in the short term.
ETH price surged higher towards $13.20 against the US Dollar to form an uptrend.
There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a support zone if the pair corrects lower.
Buying dips remain a good option for ETH, as long as the price remains supported.
Ethereum Price Support.
Ethereum price climbed a few points higher during the past 24 hours against the US Dollar to set a high....
The sharp jump in Ethereum to 0.0021BTC was due to a swift decline in bitcoin price from above-$440 to $410. But with bitcoin now rising to $424, Ethereum has slowly and steadily reduced the gains to 0.0020BTC. Therefore, I do not lay much emphasis on the fact that Ethereum has violated the downward trendline joining the peaks of the past two weeks. As bitcoin remains undecided about the future course of action, I do not expect major deviations in Ethereum as well. Now, let us take a look at the latest technical indications from the 4-h ETH-XBT price chart taken from KRAKEN exchange. Chart....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two....
Ethereum Price Key Highlights. Ethereum price seems to be recovering from its earlier drop, as it is trying to establish a new uptrend visible on its 1-hour time frame. Price is moving slowly inside an ascending channel and is currently testing support. Ethereum price might be able to sustain its short-term climb, with technical indicators and candlestick patterns suggesting a bounce. Bullish Divergence Seen. Stochastic has made a shallow bullish divergence, with price forming lower lows and the oscillator drawing higher lows. This indicator is heading higher, which suggests that ethereum....