Ethereum Price Weekly Analysis – Can Sellers Step In?
Ethereum price traded positively this past week to post gains above $10.00, but it looks like it may correct lower in the near term. Ethereum price after trading from the $7.20 low to $10.40 high found sellers and started to move down. This past week I mostly suggested to buy and it worked. This upcoming I see ranging moves, so we may get opportunity to enter into both sides of the market. Looking at the charts at present, there is a slight increase in the bearish sentiment, which means, it can trade lower. There was a bullish trend line formed on the hourly chart (data feed via Kraken) of....
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Ethereum price looks like may struggle in the near term vs the USD, and if the ETH sellers step in, then a new weekly low may be established. Ethereum Price Bearish. Ethereum price ETH may be setting up for more losses in the short term vs the US Dollar, as it failed to move higher intraday. The price moved closer to the $12.80 where it found sellers and started to trade lower once again. There is a minor bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD that acted as a resistance and pushed the price down. The price is currently trading close to the last....
Ethereum price started a correction after a monster decline. Can the price consolidate before gaining further or is this an indecision? Ethereum price declined heavily this past week and traded below the $7.0 level against the US Dollar. Sellers were completely in control and succeeded in taking ETH/USD down during this past week. However, the downside was stalled near $7.00, and the bulls managed to push the price back up. There was a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken), which was broken to set the pace for a correction. After a break,....
Ethereum price extended the downside move against the US Dollar to test $11.50. Let’s see if the price can recover moving ahead or not. Key Highlights. ETH price declined further versus the US Dollar, and traded as low as $11.46. There is a new short-term bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may provide a relief rally. The pair is finding support near $11.50, which may produce a bounce in the short term. Ethereum Price Resistance. Ethereum price broke down further as sellers remained in action. There was a break below the $11.60 support....
Ethereum price is under a lot of bullish pressure. It looks like there is a chance of bouncing from $4.50 back towards $6.00 moving ahead. Intraday Support Level can be $4.30. Intraday Resistance Level may be $5.0. Ethereum price after surging towards the $6.50 level found sellers and started to move lower. Now, we have to see whether the current price action is a part of correction or a change of trend. The price dropped sharply, and currently finding bids near the 100 hourly simple moving average (data feed via Kraken). There is a bearish trend line formed on the same chart, which may....
Ethereum price remained under pressure against the US Dollar as there was an increase in seller’s strength, taking the price below $10.00. Key Highlights. Ethereum price continued to tumble against the US Dollar, as there was a nasty decline in ETH/USD. Yesterday’s highlighted bearish trend lines on the hourly chart (data feed via Kraken) of ETH/USD played well in pushing the pair down. I remain bearish in the short term on ETH/USD as long as I don’t see good signs of a reversal. Ethereum Price Collapse. Ethereum price ETH tumbled further yesterday, and my view of additional declines paid....