Ethereum Price Technical Analysis - Correction Brewing?
Ethereum Price Key Highlights. Ethereum price made a strong break below a consolidation pattern and showed follow-through with its selloff to new record lows. Profit-taking seems to be taking place, opening the possibility of a correction to nearby resistance levels. Ethereum price appears to be bouncing off its recent lows and might be ready for a quick correction to Fibonacci levels. Potential pullback points. Using the Fibonacci retracement tool on the latest swing high and low on the 1-hour time frame shows that the pair is closing in on the 38.2% level, which might hold as resistance....
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Bitcoin price showed bearish momentum but sellers might need to make a correction before taking it lower. Technical indicators are giving mixed signals for now. Using the Fib tool on the latest breakout move shows that the 38.2% correction level lines up with a broken short-term support around $373. the 61.8% Fib is close to the 200 SMA, which typically acts as a dynamic resistance level. However, the 100 SMA is still above the 200 SMA so the path of least resistance might be to the upside and bitcoin price could go for another round of gains. A downward crossover appears to be brewing....
Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....
Ethereum price is back in the bullish zone after a mild correction against the US Dollar, and it looks like ETH/USD may break $10.65 soon. Key Highlights. ETH price gained pace after a correction towards the $10.35 support against the US Dollar. This week’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) is still acting as a resistance near $10.65. The price may once again correct a few points down before making an attempt to break $10.65. Ethereum Price Resistance. There was a minor correction initiated in ETH price against the US....
Ethereum price after a minor dip yesterday against the US Dollar found support, and ETH/USD currently looks set for more upsides in the near term. Key Highlights. ETH price after trading as low as $10.28 against the US Dollar yesterday started a recovery. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken to open the doors for more gains. The price bounced from a perfect technical support area, suggesting the price may gain further. Ethereum Price Bullish Move. ETH price after trading as high as $11.35 started a correction phase....