Ethereum Price Technical Analysis – Risk Of Upside Break Looms
Ethereum price traded down near $7.0 where buyers appeared. Currently, it looks like there is a chance of ETH/USD breaking higher in the short term. Ethereum price ETH made a perfect bottom near $7.0. I highlighted in yesterday’s analysis that there is a chance of ETH/USD moving down towards $7.0, which can then produce a bounce. The price did test the mentioned level and moved higher later. There was a nice upside reaction, signaling more gains in the near term. ETH/USD is currently attempting to break a bearish trend line on the hourly chart (data feed via Kraken), which is also....
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Ethereum price traded higher intraday, and looking at the current technical indicators it looks like it may trade further higher. Key Highlights. Ethereum price managed to move higher against the US Dollar and broke a major resistance area. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD was broken during the recent upside ride. The price is now above the 100 hourly simple moving average, which is a positive sign for the bulls. Ethereum Price Buy. Ethereum price ETH surged higher against the US Dollar and posted a critical break intraday (as....
Ethereum classic price declined further yesterday against Bitcoin, and then started a recovery. Can ETC buyers get success in taking the price higher? Key Highlights. Ethereum classic price moved further down to break the last low of 0.00121BTC. This week’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is currently acting as a resistance area. The price is currently trading higher, and attempting to break an important resistance area. Ethereum Classic Price Upside Hurdle. ETC price attempted a minor upside move yesterday versus Bitcoin, and then....
Ethereum price may gain further in the short term. ETH bulls have to break the 100 SMA resistance area for a move towards $10.50. Ethereum price ETH gained traction recently against the US Dollar and managed to climb above a major resistance area of $8.50. During the upside move, ETH/USD also broke a bearish trend line on the 4-hours chart (data feed via Kraken) to set the pace for more gains. However, the upside was stalled near the 100 simple moving average (H4 chart), which is currently acting as a barrier and preventing gains. If the price has to gain more strength, then ETH bulls have....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price analysis, we mixed things up a little bit, and went with a variation on our standard strategy. Specifically, we looked at a downward sloping channel range (as opposed to our horizontal usual range) and said we would look to enter towards a five-dollar target on a break above or below the channel, dependent on which way price broke. We would go for some pretty tight risk management principles, with a circa two for one reward to risk profile, and see what happens on a set and forget....
Ethereum classic price gained traction versus the Bitcoin, and posted a bullish break to put the ETC buyers back in action. Key Highlights. Ethereum classic price after declining below 0.00150BTC versus the Bitcoin found support, and traded higher. There was a bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx), which was cleared during the recent upside move. There was a sharp upside move, taking the price above the 0.00180BTC level. Ethereum Classic Price Upside Move. This past week we saw how Ethereum classic price was struggling. It was under a lot of bearish....