Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash...
Crypto analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level. Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle. The upper boundary acts as long-term resistance, and the lower boundary provides dynamic support. This analysis comes amid ETH’s recent....
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XRP has recently witnessed a notable decline, slipping by 5% over the past week. The altcoin dropped below key levels of $2.40 and $2.45, raising concerns among investors. However, a market analyst believes this price shift is not a sign of a crash but rather part of a bullish ascending triangle formation. Related Reading: Cardano Soars Nearly 130% To $30 Billion, Climbs To 9th In Market Cap Rankings Crypto analyst Egrag Crypto even stated that he will have to give “a slap” to anyone who mentions “crash” again. XRP Latest Price Movement XRP is presently trading at....
The latest ETH plunge has triggered a bearish continuation setup, with an interim downside target 20% below the current prices. Ethereum's native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines heading into Q3.ETH price breakdown underwayETH's price plunged nearly 5% this June 30 to $1,044 following a four-day losing streak. The ETH/USD pair has also broke below its interim rising trendline support, which in conjugation with a....
Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand. Ethereum's native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its "ascending triangle" pattern.ETH price breakdown ahead?Ether's price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias. Interestingly, the Ethereum token wobbled in the proximity of a rising trendline that constitutes an ascending triangle pattern in conjugation with a....
Ethereum has the potential to extend its ongoing upside move towards or above $1,500. The second-largest cryptocurrency broke above a consolidation price channel on Wednesday, breaking its upper trendline on surging volumes. So it appears, the channel is an Ascending Triangle that traders perceive as a bullish continuation indicator. An Ascending Triangle structure develops when […]
Bitcoin price is still inside its long-term triangle consolidation pattern and might make another test of the resistance. Bitcoin Price Key Highlights. Bitcoin price has formed higher lows and found resistance at the $470 level, creating an ascending triangle pattern on its daily chart. Price just bounced off the triangle support and is due for a test of resistance once more. Technical indicators are signaling that further gains are possible. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is still to the upside. A sharp move lower could find....