Ethereum Price Technical Analysis – Bulls In Control?
Ethereum price traded towards $6.50. It looks like buyers are in control and if there is a successful close above the $6.50 level, then $7.0 is possible. Intraday Support Level can be $6.30. Intraday Resistance Level may be $6.80. Ethereum price failed to move down, and made a nice bullish move higher. The price moved above the $6.0 level and traded close to the $6.50 levels. The last couple of hourly candles looks impressive and it looks like there are chances of it gaining traction further moving ahead. Yesterday, I highlighted a bullish trend line on the hourly chart (data feed via....
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Ethereum price broke a major consolidation pattern, and if the ETH/USD bulls remain in control there is a chance of more upsides. Ethereum Price – New Weekly High Possible? Ethereum price ETH showed a lot of positive signs yesterday, as it managed to gain bids vs the US Dollar. There was a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which was broken during the upside move. The price settled above the pattern resistance area, and even closed above $9.00. One significant bullish sign is the fact that the price is now well above the 100 hourly....
Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the market. Technical indicators of the altcoin have pointed towards bullish signals. However, it is too soon to say if the bulls will remain on the chart over the next trading sessions. Bitcoin price also logged minor gains, which have turned certain altcoins green over the last 24....
Don’t be alarmed by the current slump in the bitcoin price. In fact, there is still cause for optimism. The market is going through a reversal pattern to the $700 level, where a congestion area should reinforce quotes for another climb to $820, keeping us right on track to hit the projections advanced last week. Bitcoin Price Analysis: Bulls Still in Control. Long-Term Analysis. After testing the lowest support at the $580-$600 level, prices should enter an upward reversal pattern soon, which will allow an initial pull back to $700, extended to Fibonacci´s technical objective at $820. The....
Ethereum price seems to have its sights set higher after breaking out of a descending triangle on its 4-hour chart. Technical indicators are also supporting further gains. Ethereum price had previously consolidated inside a descending triangle pattern, forming lower highs and finding support at 0.00250. At the moment, ethereum price is testing the near-term resistance at the 0.00300 level, waiting for more bulls for another leg higher. An upside break past this level could take it up to the next area of interest at 0.00330-0.00350 then onwards to the larger triangle highs at 0.00400.
Ethereum price traded higher just as I highlighted yesterday. Moving ahead, if all goes well, ETH might trade towards the $20.00 level. Key Highlights. Ethereum price moved higher after a correction against the US Dollar and traded just as highlighted in yesterday’s post. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a swing area in the short term. There is a chance of ETH moving towards the $20.00 level if the bulls remain in control. Ethereum Price Overbought? Ethereum price ETH yesterday corrected a few points down to trade....