TA: Ethereum Could Resume Decline Below $1,100, Bears In Control
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....
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Ethereum failed to recover above the $2,300 resistance zone against the US Dollar. ETH price is moving lower and it is likely to accelerate lower below the $2,000 support. Ethereum failed to move above the $2,300 zone and started a fresh decline. The price is now trading well below $2,200 and the 100 hourly simple […]
Ethereum is down 5% and it is struggling to stay above $2,000 against the US Dollar. ETH price could decline sharply if there is a break and close below $2,000. Ethereum is showing bearish signs below the $2,050 and $2,100 levels. The price is now trading well below the $2,100 resistance and the 100 hourly […]
Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again. Why Ethereum Price Is At Risk In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the....
Ethereum extended decline below the $2,800 support against the US Dollar. ETH price is correcting losses, but upsides might be limited above $2,800. Ethereum started a major decline below the $2,880 support level. The price is now trading below $2,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but the bears might remain active near $2,800 and $2,880. Ethereum Price Extends Decline Ethereum failed to stay above the $2,880 support zone....
Ethereum price attempted a minor bounce against the US Dollar, but failed. It looks like the ETH/USD may continue to remain in control today. Key Highlights. ETH price struggle to move higher against the US Dollar continued, as it found resistance near $10.75 yesterday. Yesterday’s highlighted trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD are still intact and preventing an upside move. It looks like the price may decline further towards the $10.40 level. Ethereum Price Downsides. ETH price remained under a lot of bearish pressure yesterday against the US Dollar. There....