Ethereum Price Technical Analysis 03/14/2016 – Sellers Eyeing Break
Ethereum price looks like created a short-term top. A move below the $12.00 area may take the price towards the $10.50 support area. Intraday Support Level can be $11.80. Intraday Resistance Level may be $14.50. Ethereum price spiked on more time during the past couple of sessions, and traded as high as $15.16. There was a strong selling pressure noted around the stated level that took the price down. The last couple of 4-hours candles are very bearish, and suggesting that the bulls struggled to compete with the bulls. The price already traded near a bullish trend line formed on the....
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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 is struggling to trade higher, and approaching a short-term breakout. Can sellers succeed or the bulls will overcome selling pressure? Ethereum price after failing to break the $12.12 level against the US Dollar moved down, and showed a lot of bearish signs lately. The price closed below the 100 hourly simple moving average as well, which suggests that the bulls are struggling to take the price higher. There is a contracting triangle pattern forming on the hourly chart (data feed via Kraken) of ETH/USD, which may be seen as a catalyst for the next move. The highlighted....
Ethereum Price Key Highlights. Upon breaking below the bottom of the rising wedge consolidation pattern recently, ethereum price has its sights set on new lows. Technical indicators suggest that the selloff is gaining traction but that a pullback to the broken support zones might still be possible. Ethereum price is eyeing further downside and might be ready to test the yearly lows as seen on the 4-hour time frame. Bearish Pressure Rising. Bitcoin price has broken to the upside of its consolidation pattern, which may have been partly to blame for the downside break in ETHXBT. The chart....
Ethereum price showing a lot of bearish signs. If sellers remain in action, there is a chance of more losses in ETH/USD in the near term. Ethereum price tested the last swing high of $12.12 a couple of times yesterday, but the bulls failed to break the stated level. As a result, there was a downside move, which took ETH/USD below a couple of bullish trend lines formed on the hourly chart (data feed via Kraken). ETH sellers took charge and succeeded in taking the price down against the USD. The most important aspect is that the price is now below the 100 hourly simple moving average. So, if....
Ethereum price is all bullish, and may gain further. However, there is a bullish trend line support forming, which might play a crucial role. Intraday Support Level can be $9.00. Intraday Resistance Level may be $10.0. Ethereum price surged higher to trade as high as $9.94, and was just a few points shy of testing the most important level – $10. Sellers appeared and paused the upside move. The price is currently consolidating gains, and there is a bullish trend line formed on the hourly chart (data feed via Kraken). The highlighted trend line support may play a major role for both the....