Ethereum Price Technical Analysis – Change In Trend Likely
Ethereum price tested $6.00 yesterday. Now, it looks like there is a high probability that the price may correct lower in the short term. Intraday Support Level can be $5.50. Intraday Resistance Level may be $6.00. Ethereum price climbed higher this week and traded close to our final buy target of $6.0. However, as I was anticipating sellers fought hard near the stated level, and pushed the price back down. The price is now trading 0.50 points lower, and testing a major bullish trend line formed on the hourly chart (data feed via Kraken). Looking at the last couple of candles it looks like....
Related News
Ethereum price change in bias forecast was a success, as ETH/USD spiked higher and even broke the $10.00 resistance area. Ethereum Price – Buy near trend line support? Ethereum price ETH continued to trade higher against the US and just as I forecasted a change in trend from bearish to bullish, there were bids during the past couple of sessions. Yesterday, I mentioned that the price may even test the $10.00 level, and it did happen recently. ETH/USD broke the stated level and traded as high as $10.44. Now what? I think buying dips may be considered. There is a bullish trend line formed on....
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 tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....
Ethereum price recovery is currently protected by a bearish trend line. Let’s see if there is a break possible in the near term or not. Key Highlights. Ethereum price started a recovery against the US dollar, but finding a crucial resistance on the way up. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still in play and acting as a major resistance. As long as the price is below the highlighted trend line resistance, it may continue to face selling pressure. Ethereum Price Resistance. Ethereum price ETH attempted once again to trade....
Ethereum price found buyers near $10.15 against the US Dollar, and now it looks like ETH/USD is attempting an upside move. Key Highlights. ETH price traded further lower against the US Dollar to test $10.15 where it found support. The ETH/USD pair is now making an attempt to break yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX). A break and close above $10.40 might open the doors for more gains in the near term. Ethereum Price Recovery. We saw more declines in ETH price against the US Dollar, as it traded below $10.20 to trade as low as $10.15 where....