Ethereum Price Holding Strong — Signs Point to a New Upside Breakout
Ethereum price corrected gains and tested the $2,500 zone. ETH is now again rising and might soon aim for a move above the $2,600 zone. Ethereum started a correction from the $2,740 zone and tested $2,500. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a key declining channel or a possible bullish flag forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength if it clears the $2,600 resistance in the near term. Ethereum Price Eyes Upside Break Ethereum price struggled to clear the $2,740....
Related News
Ethereum is holding gains above $1,750 against the US Dollar. ETH price is likely setting up for a crucial upside break above the $1,850 and $1,880 resistance levels. Ethereum is showing a few positive signs and it is trading nicely above $1,750. The price is now well above $1,750 and the 100 hourly simple moving […]
Upside Breakout. Hourly Bitcoin Price on Bistamp with Fibs, Support/Resistance/Trend Lines and MACD. The trading range Bitcoin found itself mired in for the last few days has finally broken to the upside. After the fall from $1000 (Bitstamp rate), the Bitcoin price found strong support and bottomed around $800, as suggested in my last trading update. Bitcoin price then struggled to rise above the 38.2% Fib or $850 level. Now broken to the upside, this level will likely act as support as Bitcoin price currently falls to retest the breakout. The next immediate challenge is the 50% Fib, which....
Bitcoin price is on a short-term uptrend and is still deciding whether to make a bounce or a break from support. Bitcoin Price Key Highlights. Bitcoin price has been slowly trending higher following its strong upside breakout last month. Price is trading inside an ascending channel visible on its 1-hour time frame and is testing support. A bounce off this area could lead to a test of the resistance near $600 but a downside break could spur a longer-term selloff. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is to the upside, indicating that....
The latest BTC price jump above $65,000 has all the signs of a classic bullish breakout. Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors' recent accumulation spree.Bitcoin Bull Pennant breakout in playBTC rallied over by 6% in the past 24 hours to reach a three-week high just shy of $66,500. In doing so, the cryptocurrency broke out of a consolidation range consisting of two diverging trendlines, a setup reminiscent of a Bull Pennant.Bull Pennants are....
Ethereum corrected lower below $440, but it remained stable above $435 against the US Dollar. ETH price is likely to gain momentum if it clears the $460 resistance zone. Ethereum is holding the ground above the $440 and $435 support levels. The price is showing positive signs above the $440 support and the 100 hourly […]