Ethereum Price Technical Analysis – ETH Offers Trade Opportunities
Ethereum price moved down and broke a support area. ETH/USD may trade a few points higher from here, but may face sellers. Ethereum price ETH broke down yesterday against the US Dollar, and cleared a couple of important support levels. It also broke yesterday’s highlighted bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD. I suggested a sell trade with a break yesterday, and if you entered, then it’s time to book profits if not already. No doubt, the price is under a bearish pressure and may continue to trade down. However, we need to wait for a correction to enter a....
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The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to remain calm throughout most of the downswing. The consistent push by the bears have caused the altcoin to experience less to almost no recovery. The technical of the coin also pointed towards further fall in price before Ethereum starts to rise on the chart again. In the recent developmental front, the altcoin has....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....