Ethereum Price Technical Analysis – Breakout Approaching
Ethereum price recently corrected higher to trade near $8.50 where it found sellers. At present ETH/USD is consolidating and may be approaching a break. Ethereum price ETH recently managed to correct higher and traded close to the $8.50 level where it found sellers for a down move. The price moved down and currently forming a consolidation pattern, which may ignite the next move in the near term. There is a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may be broken soon for the next wave. On the upside, the triangle resistance trend line....
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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. Ethereum price is still slowly climbing, transitioning into a rising wedge formation from an earlier ascending channel. Price bounced off the mid-channel area of interest as predicted in an earlier article, reflecting increased bullish pressure. With the consolidation getting tighter and ethereum price approaching the peak of the wedge, a breakout in either direction is imminent. Waiting for Bitcoin Breakout? Bitcoin is also stuck in a consolidation pattern, as traders are probably on the lookout for more catalysts. This has kept ethereum price in....
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