TA: Ethereum (ETH) Recovery Faces Hurdles, Why Bears Remain In Control

Ethereum price started a recovery wave from the $1,750 zone. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a recovery wave above the $1,850 level. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,920 and $1,950 resistance levels to start a decent increase. Ethereum Price Faces Hurdles Ethereum price formed a base above the $1,750 level and started a recovery wave,....

Ethereum remains in a bearish zone below $1,200 against the US Dollar. ETH could continue to move down unless it surges past the $1,280 resistance. Ethereum remains in a downtrend below the $1,200 and $1,280 levels. The price is now trading below $1,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline below the $1,120 and $1,100 levels in the near term. Ethereum Price Faces Hurdles Ethereum settled well below the $1,500 support zone. The....

Ethereum dived towards the $1,700 level before it started a strong recovery against the US Dollar. ETH price is back above $2,000, but it is likely to face hurdles near $2,060. Ethereum extended its decline below $1,800 before it started a steady recovery. The price is still trading below $2,100 and the 100 hourly simple […]

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level. XRP price started a fresh decline after it failed to clear the $2.20 resistance zone. The price is now trading below $2.150 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it fails to clear the $2.20 resistance zone. XRP Price Faces Rejection XRP price failed to continue higher above the $2.20....

Ethereum extended its decline and traded close to the $1,700 zone against the US Dollar. ETH price is recovering, but it is facing a strong resistance near $2,200. Ethereum extended its decline below the $2,000 and $1,800 support levels. The price is well below the $2,500 level and the 100 hourly simple moving average. There […]