Ethereum Price Technical Analysis – Minor Dip Likely
Ethereum price attempted a break yesterday, but failed. It looks like ETH/USD bears may step in to take the price towards $9.00. Ethereum price ETH traded above the 100 hourly simple moving average for some time, but failed to gain traction. As a result, the price moved down, and there was even a close below the 100 hourly SMA. I highlighted a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD yesterday, and was hoping for a break. However, the ETH bulls failed to break the trend line resistance, and the price moved down. Now, since there is an hourly close....
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Ethereum price looks like setting up for a minor downside move. A break and close below the 100 hourly SMA may ignite a reaction. Ethereum Price – Move towards $9.00 possible? Ethereum price ETH corrected in two waves recently after making a minor top near $10.44. It moved down on a couple of occasions, but the 100 hourly simple moving average managed to prevent a downside move. However, the current price action suggests that there is a chance of ETH breaking the 100 hourly SMA in the short term. There was a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD,....
Ethereum price after a dip against the US Dollar started recovering. The ETH/USD pair currently is looking to break a short-term resistance. Key Highlights. ETH price made a minor low at $7.40 against the US Dollar, and started correcting higher. There is a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which the pair is attempting to break at the moment. A close above the trend line resistance may call for a move towards $7.75. Ethereum Price Resistance. There was a minor decline in ETH price versus the US Dollar yesterday, as the price traded below....
Ethereum price recovered well recently against the US dollar, and it looks like the ETH/USD pair is set for more gains moving ahead. Key Highlights. ETH price after a minor correction yesterday against the US Dollar found support and traded higher. Yesterday’s minor bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD played well in acting as a support zone. If the market sentiment remains intact, there is a chance of a move towards the $12.00 level. Ethereum Price Trend. Ethereum price corrected a few points recently against the US Dollar and traded close to the....
Ethereum price is once again seems to be struggling against the US Dollar and Bitcoin. ETH/USD buyers need to appear soon else there can be more declines. Key Highlights. ETH price after a minor correction against the US Dollar and Bitcoin found sellers, and currently struggling to hold the momentum. There was a minor bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the recent downside. The $8.00 support level holds a lot of importance if the buyers have to take the price higher. Ethereum Price Support. ETH price traded as high as....
Ethereum price attempted a minor bounce against the US Dollar, but failed. It looks like the ETH/USD may continue to remain in control today. Key Highlights. ETH price struggle to move higher against the US Dollar continued, as it found resistance near $10.75 yesterday. Yesterday’s highlighted trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD are still intact and preventing an upside move. It looks like the price may decline further towards the $10.40 level. Ethereum Price Downsides. ETH price remained under a lot of bearish pressure yesterday against the US Dollar. There....