Ethereum (ETH) Price Trends: 4/08/2016

Ethereum (ETH) Price Trends: 4/08/2016

Ethereum’s price has carried out one of the trend development scenarios. The downward trend continues. What level will prove critical for this trend? Ethereum’s market has picked a downward scenario, discarding the possibility of forming a turn to growth. Despite the price fortifying at a level profitable for the bears, the bulls have failed to hold the advantage, and thus there was no turn to growth. The short-term downward trend will continue, as long as the advantage stays with the bears. The most likely point for a turn to growth is at $10.3, where a lot of trading volume converges.....

Related News

Ethereum (ETH) Price Trends: 4/25/2016

Ethereum’s price has formed a flat. It may provoke a short-term trend when it leaves the corridor. Which direction will Ethereum choose? The downward trend on Ethereum’s market is not broken yet. The price is moving within a flat, preparing for another dash. If the downward trend is to continue, there will be a bounce off that point, but if the bulls hold the advantage, Ethereum’s price will start fortifying at that level. The change of trends is most likely to happen at the top limit of the trend, which is at the level of $8.4.

Monthly Price Trends Show BTC Stagnation, Ethereum’s Long Hold Viability

30 March 2016 – This month leaves us some interesting trends in the cryptocurrency market, With Bitcoin remaining solidly above $400 USD coming out of last month’s bullish run, scraping $399 just once on the sixth and averaging day-to-day around $415. This despite a plateau in hashpower on the network, likely in anticipation of the coming halving and problems with core scaling development. Even more fascinating, though, is the explosive price increase of Ethereum, increasing 64.8% to it’s current $11.66 price point at the time of writing.

Ethereum (ETH) Price Trends: 5/09/2016

Ethereum is forming a short-term flat. The situation is heating up. Powerful impulses usually follow after long flats such as the current one. The advantage is with the bulls. So far, this movement seems to be a correction toward the upward trend. Ethereum’s price has rebounded off the level of large volumes, around $9. That mark will be the peak of a rebound toward the upward trend, where a change of trends could happen. If the bears win the advantage, Ethereum’s price is going to fortify at the level of $9 and form a turn. In that case, there will be a good chance for a fall down to....

Ethereum (ETH) Price Trends: 3/23/2016

Ethereum’s price has stopped before choosing a direction. What is to be expected? Which direction will Ethereum pick? After bouncing off the $11.4 resistance, Ethereum’s price failed to hold at that level. The buyers were more numerous. The $11.4 level is important because it’s the most profitable price for the Bulls. If one compares the rebounds of the upward trend, that becomes easy to notice. Most traders make their decisions at points exactly like that.

Ethereum (ETH) Price Trends: 4/26/2016

Ethereum’s price continues its downward movement. The price has reached an important long-term resistance line. There is a probability of a change of trends. Ethereum is currently in a zone, which is profitable for purchase deals within the long-term trend. That’s why there is a chance of a new upward rebound. For a more confident signal, Ethereum’s price has to break the medium-term downward trend. The level of $7.5 will be a critical point for a rebound. If the bears don’t hold the advantage at that level, a fortification and a turn are likely to follow. The minimal target will be at....