Ethereum Price Weekly Analysis – Is This A Change In Trend?
Ethereum price blasted higher this past week vs the USD, but it looks like a short term top is formed in ETH/USD around $14.88 level. Key Highlights. Ethereum price surged higher this past week vs the US Dollar and traded as high as $14.88 where it found sellers. I was expecting the price to test the $15.00 level, but it looks like there was a minor miss. There was a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which was broken during the downside move. Ethereum Price – Down Move Likely? Ethereum price ETH was in an uptrend during the most part of this....
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Ethereum ETH price regained its bullish trend against Tether (USDT) as it builds more strength to break above the key resistance ahead of “The Merge.” ETH price saw a rejection to a region of $1,500 recently as it could not hold its bullish trendline acting as support. (Data from Binance) Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Ethereum ETH Price Analysis On The Weekly Chart From the chart, the price of ETH saw its price rejected to a region of $1,540 on the weekly chart as the price was unable to hold $1,700 and the trendline acting....
Ethereum price struggle looks like over, and ETH/USD may be positioning for another upside ride if there is a close above 100 SMA (H4). Ethereum price after a continuous decline for around 10 days managed to find bids around the $7.00 support area. For the whole past week I suggested selling rallies or a pullback. My idea worked for the most of time. Now, I think it’s time to change the bias from bearish to bullish. There was a bearish trend line formed on the 4-hours chart (data feed via Kraken) of ETH/USD, which was cleared by the buyers recently to open the doors for more gains. The....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....
Ethereum price change in bias forecast was a success, as ETH/USD spiked higher and even broke the $10.00 resistance area. Ethereum Price – Buy near trend line support? Ethereum price ETH continued to trade higher against the US and just as I forecasted a change in trend from bearish to bullish, there were bids during the past couple of sessions. Yesterday, I mentioned that the price may even test the $10.00 level, and it did happen recently. ETH/USD broke the stated level and traded as high as $10.44. Now what? I think buying dips may be considered. There is a bullish trend line formed on....
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....