Ethereum Price Technical Analysis - Sellers Back in the Game!
Ethereum Price Key Highlights. Ethereum price just finished testing the downtrend line resistance visible on the 1-hour chart and is starting to gain additional momentum heading back south. The 50% Fibonacci retracement level held as resistance on the pullback, putting ethereum price back on track towards the previous lows at 0.00156BTC. Ethereum price is resuming its impulse wave on the ongoing downtrend, possibly gearing up to test the previous lows or establish new ones. New lows in sight? Technical indicators are reflecting a return in bearish pressure, which suggests that sellers....
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Ethereum price traded down finally and also moved back below $10.0. It looks like there is a chance of a minor correction moving ahead. Intraday Support Level can be $9.07. Intraday Resistance Level may be $10.5. Ethereum price as highlighted yesterday made a new high of $11.98 where it found sellers and started to move down. The price also traded below the $10.0 level, which is a sign that bulls stepped back and failed to prevent losses. If the bears manage to gain strength, then there is a chance of more losses in the near term.
Ethereum price fell further, as the Eth sellers were seen in control. Going forward, there are chances of additional downsides in the short term. Key Highlights. ETH price continued to face sellers versus the US Dollar, and may move down further. There are two bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are acting as a resistance. It looks like the pair may easily head towards the $11.60 level where the bulls may appear. Ethereum Price Resistance. Ethereum price remained under heavy selling pressure against the US Dollar this past week. I....
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....
Ethereum Price Key Highlights. Ethereum price is still struggling to pick up its pace in the downtrend, as another consolidation pattern formed on the short-term time frame. Price is stuck inside a descending triangle pattern, with sellers trying to gain enough energy to push for a downside break of support around 0.00160BTC. Ethereum price is able to carry on with its ongoing selloff, although sellers appear to be having difficulty taking it down to new lows. Potential triangle breakout. For now, ethereum price is testing the triangle support but several spikes have formed, which suggests....
Ethereum price looks like may struggle in the near term vs the USD, and if the ETH sellers step in, then a new weekly low may be established. Ethereum Price Bearish. Ethereum price ETH may be setting up for more losses in the short term vs the US Dollar, as it failed to move higher intraday. The price moved closer to the $12.80 where it found sellers and started to trade lower once again. There is a minor bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD that acted as a resistance and pushed the price down. The price is currently trading close to the last....