Ethereum Price Weekly Analysis – Risk of Further Losses
Ethereum price struggled this past week. If ETH/USD bears remain in control a break of $9.60 support area is possible in the near term. Ethereum price declined continuously this past week and every time the bulls attempted to take ETHUSD higher there were offers on the upside. It looks like ETH bears are in control and if the bulls fail to step up the momentum, there are chances of more declines. There is a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken), which prevented the upside move on more than two occasions. The most important point is that the....
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Ethereum classic price extended its decline below 0.00145BTC, and remained at a risk of a move towards the all-important 0.00140BTC. Key Highlights. Ethereum classic price made yet another down move against the Bitcoin, to trade below yesterday’s low to form a new low of 0.00143BTC. This week’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) stopped the buyers once again from taking the price higher. There are chances of additional losses in the near term as long as the trend line resistance is intact. Ethereum Classic Price Continuing Losses. ETC....
Ethereum price delinked below $8.50 against the US Dollar, and ETH/USD currently looks poised for further losses in the near term. Key Highlights. ETH price continued to move down against the US Dollar and Bitcoin, as buyers failed to show up. Yesterday’s highlighted bearish trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD are still in play and acting as a resistance. There is a risk of a breakdown in ETH as long as the price is below $9.00. Ethereum Price Decline. There was no stopping the ETH sellers, as the price continued to move down. Many buyers are now annoyed,....
The price of Bitcoin (BTC) bounced off its key support against Dollars (USD) after the Consumer Price Index (CPI) announcement in the United States. The metric is used to measure inflation in U.S. dollar and hints at a potential slowdown. Related Reading: TA: Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses Bitcoin price saw a pullback from $24,200 to $22,800 despite showing signs of relief rally but was faced with resistance to breakout ahead of CPI news sentiments. (Data feeds from Bitstamp) Price Analysis Of BTC On The Weekly Chart From the chart, the price of BTC saw a....
Ethereum price traded towards $7.00 handle against the US Dollar this past week, and it looks like there can be more decline in ETH/USD going forward. Key Highlights. Ethereum price continued to decline against the US Dollar and Bitcoin, and may extend the downside. There is a monster bearish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a hurdle for more losses. The pair may retest the $7.20 level if the ETH buyers fail to break the trend line resistance. Ethereum Price Resistance. There was a sharp decline in Ethereum price against the US....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....