Ethereum Price Technical Analysis 03/02/2016 – Calling For Gains
Ethereum price gained heavily once again. It looks like there is a chance of more upsides if the bulls remain in control. Intraday Support Level can be $7.10. Intraday Resistance Level may be $7.75. Ethereum price consolidated for a brief period during the past couple of sessions, and finally broke higher. I highlighted a contracting triangle pattern on the hourly chart (data feed via Kraken) yesterday and suggested to wait for a break to enter a trade. The price did move higher and breached a major resistance area of $6.60. After the break, there was a nice upside move that took the price....
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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 with a bullish bias recently. If we consider the current price action, then ETH/USD may move higher in the near term. Ethereum price ETH showed once again that it’s not out of woods yet. There was a minor upside reaction during the past couple of sessions, as ETH/USD traded as high as $10.00 where it found offers. The price moved back towards the $8.50 support area, and currently attempting to move higher once again. However, ETH is currently facing a hurdle in the form of a bearish trend line on the hourly chart (data feed via Kraken). Moreover, the 50% Fib....
Ethereum price started a recovery from the $11.00 low against the US dollar, but it is eventually moving towards a crucial resistance area. Key Highlights. ETH price managed to correct a few points higher during the past few hours against the US Dollar. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still active on the upside to stop any further gains. The price may be recovering in the short term, but it’s hard to call the current wave as a real recovery. Ethereum Price Resistance. ETH price looks like started a recovery against the....
Ethereum price successfully completed another wave higher. However, the price is struggling to clear $11.80. Can ETH/USD break it or will the price move down? Yesterday, I highlighted that a short term buying dips idea may work well. Ethereum price did move down a few points to provide an opportunity to enter a long, and then ETH moved back higher. However, the bulls failed to break the last high near $11.80, as it acted as a major barrier and prevented any further gains. Currently, the price is attempting to break a bullish trend line formed on the hourly chart (data feed via Kraken) of....
Ethereum Price Key Highlights. Ethereum price appears to be creating a range on its 1-hour time frame, unable to sustain its momentum after an earlier breakout. Price found resistance at 0.00300 and support at the 0.00285 area. Ethereum price just bounced off the top of its range and may be ready to test the bottom once more. Ethereum price could continue with its sideways movement, as technical indicators aren't offering any signals for directional plays. Short-Term Profit Opportunities. With that, ethereum traders might simply go for short-term gains, buying off support and selling at....