Ethereum Price Technical Analysis - Downside Acceleration
Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....
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Key Highlights. Dash price breached an important support trend line to trade lower. If sellers gain momentum, a downside acceleration is likely in the near term. Buyers look weak and if they lose control, the possibility of a move towards 0.0120BTC might increase. Dash price finally broke a bullish trend line, which we followed for the last few days, and currently looks set for more losses. Retest of 0.0120BTC. Dash price after setting a minor high above 0.0128BTC failed to trade higher and moved lower. It cleared the Middle Bollinger Band, which opened the doors for a break below an....
Ethereum Price Key Highlights. Upon breaking below the bottom of the rising wedge consolidation pattern recently, ethereum price has its sights set on new lows. Technical indicators suggest that the selloff is gaining traction but that a pullback to the broken support zones might still be possible. Ethereum price is eyeing further downside and might be ready to test the yearly lows as seen on the 4-hour time frame. Bearish Pressure Rising. Bitcoin price has broken to the upside of its consolidation pattern, which may have been partly to blame for the downside break in ETHXBT. The chart....
At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last. However, it may also be the strongest wave of the current decline. Before making a hasty trading decision, be sure to read the analysis below and take note of the likely....
Ethereum has dropped 1.5 percent to 0.00197BTC, in line with our bearish expectations. We iterated our short view in the previous technical analysis titled Bitcoin-fueled bounce fades away. The price action in the past 24 hours has been strongly bearish and threatens a further 4% drop in the pair. Chart Structure – The underlying weakness in ETH-XBT forced the pair below the 20 4-h SMA (we discussed this possibility in the previous price analysis). The bulls did attempt to reverse the losses but failed miserably as the bears used the breached moving average as an offloading level. The pair....
Ethereum price extended its downside against the USD, and moved below $7.00. However, the ETH/USD pair has now reached a monster support just above $6.00. Key Highlights. ETH price collapsed further against the US Dollar and Bitcoin, and reached a monster support around $6.20-40. There are two bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a resistance if the price recovers. No doubt, the price has reached a major turning points or we may call it as make it or break it levels. Ethereum Price Support to Hold Downsides? ETH price failed....