Ethereum Price Technical Analysis – Signs Of Weakness Emerge

Ethereum Price Technical Analysis – Signs Of Weakness Emerge

Ethereum price may trade down if the ETH/USD bulls fail once again to take it close to the $15.00 level moving ahead. Key Highlights. Ethereum price failed once again to trade near the $15.00 level vs the US dollar and moved down. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD was broken during the downside drift. Two failures to trade and break $15.00 suggests that the price is starting to feel the heat in the short term. Ethereum Price to Weaken? Ethereum price ETH yesterday attempted to trade higher, but failed to near the $14.40 level....


Related News

Chainlink Shows Signs of Weakness, But Development Activity is Bullish

Chainlink has been showing signs of weakness throughout the past few days, but this trend may be shifting as the cryptocurrency rebounds today alongside Ethereum and other major altcoins. The introduction of Ethereum 2.0 – with a scheduled release in December – is the event that is driving this rally. There’s a strong possibility that […]

Analyst: Ethereum Likely to Begin Outperforming Bitcoin as Strength Mounts

A trend of underperformance against Bitcoin has plagued Ethereum as of late, which has caused buyers to show signs of capitulation Where the ETH trends in the mid-term should depend largely, if not entirely, on whether or not BTC continues rising in isolations Bitcoin’s massive rise as of late has not done much to boost altcoins, as many are still showing signs of weakness at the moment This weakness has been apparent while looking towards […]

Ethereum Price Technical Analysis for 29/12/2015 - A Safe Short

Ethereum has dropped 1.5 percent to 0.00197BTC, in line with our bearish expectations. We iterated our short view in the previous technical analysis titled Bitcoin-fueled bounce fades away. The price action in the past 24 hours has been strongly bearish and threatens a further 4% drop in the pair. Chart Structure – The underlying weakness in ETH-XBT forced the pair below the 20 4-h SMA (we discussed this possibility in the previous price analysis). The bulls did attempt to reverse the losses but failed miserably as the bears used the breached moving average as an offloading level. The pair....

XRP Begins Breaking Down as Technical Weakness Weighs Heavy

XRP has been flashing some signs of weakness throughout the past few days and weeks, with the selling pressure seen around the mid-$0.60 region proving to be too significant for the cryptocurrency to surmount. Where it trends in the mid-term will depend largely on whether or not this level continues holding strong as resistance. If […]

Bitcoin Reclaims $20,000, Could It Lose Support Again?

Bitcoin and other major altcoins have been on a consistent free fall and even hit multi-yearly lows. BTC even touched $17,000 mark this month, however, the king coin has now reclaimed its $20,000. Over the last week, the coin lost 22% of its value but on the daily chart it gained close to 7%. Technical outlook for the coin has picked up bullishness but still reflects signs of weakness. Buyers also have returned to the market, but if buying strength drops again BTC might find support close to $17,000. It is still difficult to say if the coin has bottomed out. Many altcoins also jumped on....