Ethereum Price Technical Analysis – Can ETH Buyers Capitalize?
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....
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It looks like selling pressure prevailed and buyers failed to take the price higher. There is a contracting triangle pattern formed on the hourly chart (data feed from HitBTC), which is about to be broken. If there is a close below the highlighted triangle support trend line, then there are chances of it moving lower further. A new weekly low may be created, and the price might trade near $3.40. The price is well below the 100 simple moving average, which is another bearish sign that may ignite a downside reaction. Yesterday, the price was above the 100 MA (30-min chart via the data feed....
Ethereum classic price managed to break higher against the Bitcoin, but it looks like the ETC buyers failed to capitalize, igniting a downside move. Key Highlights. Ethereum classic price broke higher versus Bitcoin, but it looks like it was a failed attempt. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) was broken, but the upside was limited. The price is back trading lower, and may soon test the 0.00182BTC support once again. Ethereum Classic Price Support. Ethereum classic price finally gained bids and managed to move from the....
Ethereum Price Key Highlights. Ethereum price is slowly trending higher on its 1-hour chart, after having completed a pullback bounce and resuming its trend. Price is moving inside a short-term rising channel and is currently testing the resistance near the 0.00300 major psychological mark. Ethereum price could be due for a selloff back to the channel support before the ongoing climb resumes. Buyers Need a Break. Technical indicators seem to be suggesting that the recent rally is overdone, with stochastic already turning down from the overbought zone and indicating a return in bearish....
Key Highlights. Dash price traded higher and breached a critical bearish trend line. Buyers failed to capitalize after the break, as the upside stalled around 0.0119BTC. An hourly close above the 100 simple moving average is required for buyers to take control. Dash price trading higher did not come like a surprise, as we were anticipating a break due to continuous failure to break 0.0116BTC. Upside Likely? Yesterday, we stated the importance of 0.0116BTC support area, which held the downside on numerous occasions. It helped buyers to gain ground and take the price higher in the short....
Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....