Ethereum Faces Rejection Yet Again, Can Bulls Protect This Key Support?
Ethereum price failed to reclaim $1,750 and trimmed all gains against the US Dollar. ETH could accelerate lower if it breaks the $1,630 support. Ethereum started a fresh decline below the $1,700 level. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a close below the $1,630 support. Ethereum Price Trimmed Gains Ethereum’s price failed to settle above the $1,700 level. ETH started a fresh....
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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 days has struggled to reclaim the $2,000 mark that has become a resistance despite showing strong bullish signs and outperforming Bitcoin (BTC) in this relief rally. The price of ETH ranging has led to many feeling weary if bulls are still in control. Related Reading: Shiba Inu Trends Upwards Through Strong Whale Accumulations Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,012,....
Ethereum has been severely underperforming Bitcoin as of late, which has led the ETHBTC trading pair to see immense weakness It is currently plunging lower as Bitcoin’s $13,800 rejection sends shockwaves throughout the market Although it has reached its first key support zone, weakness seen by both BTC and ETH individually will likely drag it significantly lower in the near-term This weakness can only be reverted if bulls step up and propel both the cryptocurrencies […]
Ethereum failed once again to clear the $3,330 resistance against the US Dollar. ETH price is now at a risk of more losses below the $3,120 support zone. Ethereum failed on two occasions to clear the $3,330 resistance zone. The price is now trading below $3,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down as long as it is below the $3,250 resistance. Ethereum Price Faces Key Resistance Ethereum made another to clear the $3,330....
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....
Ethereum price is consolidating above the $1,550 support against the US dollar. ETH could decline heavily if the bulls fail to protect $1,550 and $1,540. Ethereum is struggling to start a recovery wave from $1,550. The price is trading below $1,585 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,565 and $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if the bulls defend the $1,550 support zone. Ethereum Price Faces Resistance Ethereum remained in a bearish zone below the $1,600....