Ethereum Price Technical Analysis – ETH/USD Bullish Formation
Ethereum price is back in the bullish zone after a mild correction against the US Dollar, and it looks like ETH/USD may break $10.65 soon. Key Highlights. ETH price gained pace after a correction towards the $10.35 support against the US Dollar. This week’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) is still acting as a resistance near $10.65. The price may once again correct a few points down before making an attempt to break $10.65. Ethereum Price Resistance. There was a minor correction initiated in ETH price against the US....
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Ethereum price is currently struggling against the US dollar, but as long as it is above the $10.80 level it may bounce again. Key Highlights. Ethereum price failed to retain the bullish bias against the US Dollar and faced offers near $11.50. The ETH/USD pair fell down, and currently facing as a major resistance in the form of a bearish trend line on the hourly chart (data feed via Kraken). There is a chance of a double bottom pattern on the hourly chart, which may take the price higher. Ethereum Price Support. Ethereum price ETH climbed higher yesterday and broke the 100 hourly simple....
Ethereum (ETH) has witnessed a notable resurgence, reclaiming ground after hitting a crucial support level at $1,500. As traders analyze the daily time frame, it becomes evident that this resurgence may signify the formation of a bullish reversal pattern, known as a double bottom. A double bottom is a classic technical analysis pattern that often […]
Ethereum Price Key Highlights. Ethereum price is still slowly climbing, transitioning into a rising wedge formation from an earlier ascending channel. Price bounced off the mid-channel area of interest as predicted in an earlier article, reflecting increased bullish pressure. With the consolidation getting tighter and ethereum price approaching the peak of the wedge, a breakout in either direction is imminent. Waiting for Bitcoin Breakout? Bitcoin is also stuck in a consolidation pattern, as traders are probably on the lookout for more catalysts. This has kept ethereum price in....
Bitcoin price has formed a three white soldiers pattern on its weekly chart, confirming that further gains are in the cards. Bitcoin Price Key Highlights. Bitcoin price could be in for a continuation of its bullish run after this chart pattern formed on its weekly time frame. A three white soldiers formation can be seen with those three bullish candlesticks after a brief period of consolidation. This signals that buyers aren’t done with their rallies, potentially taking bitcoin price to the next area of interest at $800-850 then onto $900-1,000. Technical Indicators Signals. The 100 SMA is....
Bitcoin Price Key Highlights. The bitcoin price rally has been proven unstoppable, with bulls pushing for new highs past the $400 and $450 psychological resistance levels. Bitcoin price even completed an upside break past a double bottom formation visible on the daily time frame. Bitcoin price could be in for much more gains, as three bullish candles formed after the confirmation of a long-term uptrend signal. Aiming for $500? No signs of a major correction or even a slight pullback are materializing for now, which suggests that bullish pressure continues to build up. If so, bitcoin price....