Did Ethereum just bottom vs. Bitcoin? This is the last big hurdle before $600
Traders should be cautious as ETH price is facing big resistance alongside rising Bitcoin dominance. All eyes have been on Bitcoin price in recent weeks as the world's biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum's Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case with the U.S. dollar pair but also with the Bitcoin (BTC) pair, as the latter may have just reached its cycle low. Could this mean that there’s an alt season on the horizon? The signals are....
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Ethereum price has started a recovery against the US dollar, but it faces a major resistance on the upside, making buyers nervous. Key Highlights. Ethereum price started a recovery against the US Dollar, and found support just above $9.00. There is a monster bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may act as a resistance. The 100-day simple moving average is also on the upside to act as a hurdle for the ETH buyers. Ethereum Price Upside Hurdle. ETH price after a crash towards the $9.20 level against the US Dollar found support, and started....
Ethereum price recent recovery faced sellers, and it looks like the ETH/USD pair is facing a major hurdle on the way up towards $8.00-20 Key Highlights. Ethereum price after correcting towards $8.80 against the US Dollar found resistance and traded lower. There is a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which is acting as a hurdle for more upsides. As long as the price is below it, there is a risk of more declines in the near term. Ethereum Price Resistance. It looks like it won’t be an easy task for Ethereum price to remain in control....
Ethereum price after trading as low as $12.53 started recovering against the US dollar, but finding sellers near a major hurdle of $13.00. Key Highlights. ETH price is attempting to move higher once again versus the US Dollar, but struggling near the $13.00 resistance. There is a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a resistance. Only a break above it could put the price back in the bullish area in the short term. Ethereum Price Resistance. Ethereum price mostly traded in a range during the past few sessions against the US....
On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently. The “transaction fees” here […]
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 […]