Ethereum Price Technical Analysis – Watch Out For 100 SMA
Ethereum price is looking positive on the 2-hours chart. There is a trend line support and 100 SMA providing support to the bulls in the short term. important Support Level can be $5.05. Important Resistance Level can be $5.35. Yesterday, I highlighted an idea of buying dips in Ethereum price. It worked perfectly, as after moving a few points down buyers appeared and pushed the price back higher. Now, what’s next? Can we consider buying once again? The answer may be yes. Let’s look at the 2-hours chart of Ethereum price (data feed via Kraken). There is a bullish trend line is formed, which....
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A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that […]
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Ethereum ahead of the upcoming Merge using the ETHBTC monthly chart. Specifically, this episode looks at the Ethereum versus Bitcoin trading pair using the Parabolic SAR, Ichimoku Cloud, and much more. Take a look at the video below. VIDEO: Ethereum Versus Bitcoin Analysis (ETHBTC): August 23, 2022 Looking at Ethereum’s monthly chart, after a clear violation of the last uptrend ending in 2017, Ethereum entered a bear market against Bitcoin –– yet was able to build a stable rounded base over the....
Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done by crypto analyst Crypto Patel laid out a path to where the....
Top 5 Crypto You Should Watch This Week, with many crypto altcoins producing price gains of two or more digits. The recovery has sparked the excitement and belief that the bottom could be in for many crypto assets with the hope of a bull run in a short time. Let us discuss the top 5 crypto assets you should watch this week. Related Reading: Ethereum Sees Setback After Breaking $2k, But Price Likely to Maintain Upward Trajectory Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to....
Bitcoin is seeing a tepid start to this week as neither the bulls nor the bears exert any pressure on the other. The cryptocurrency looks relatively calm in the low-volume season, as do the technical indicators. Market participants should refrain from excessive trading in such conditions. Bitcoin is currently trading at $421.53. The technical indicators overlaid on the 4-h BTC-USD price chart from BITSTAMP are giving mixed signals. This, coupled with the lackluster price action, is compelling me to advise that this is a no-trade market, and one should wait for better opportunities to....