Ethereum Price Technical Analysis – Short-Term Losses Ahead
Ethereum price may face more selling pressure in the short term, as the highlighted resistance area is turning out to be a major barrier for ETH. Key Highlights. Ethereum price started to move down against the US Dollar, and it looks like there may be more losses in the short term. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD continued to play a major role for a downside move. The 100 hourly simple moving average is bending down, which is not a good sign for the ETH bulls. Ethereum Price Losses. Ethereum price ETH continued to face offers....
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Ethereum classic price faced a lot of offers recently versus Bitcoin, and it may continue to face sellers in the near term. Key Highlights. Ethereum classic price continued to weaken against Bitcoin and looks set for more losses moving ahead. There is a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may act as a hurdle if the price recovers. It looks like the ETC may decline further and test the all-important 0.0020BTC level. Ethereum Classic Price Decline. Ethereum classic price failed to move higher against Bitcoin and traded lower. In my last....
Bitcoin Price Key Highlights. Bitcoin price looks like created a short-term top and might be heading lower moving ahead. There is a major support around 270.0 which holds the key in the near term. Bitcoin price declined this past week as we forecasted earlier and looks set for more losses. After the price traded close to 320.0 we witnessed a declining phase which was completed around 272.0. The price after finding support around 272.0 traded higher, but failed to maintain gains and stalled at the 50% Fib retracement level of the last drop from 320.0 to 272.0. It means that a short-term....
Ethereum price ETH faced a lot of heat over the weekend and moved down versus the USD. It looks poised for more declines in the near term. Key Highlights. ETH price declined over the weekend against the US Dollar and traded below the $11.60 support. There is a major bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a hurdle for the ETH bulls moving ahead. If the price corrects higher from the current levels, then the $11.20-40 levels can act as a resistance. Ethereum Price Sell. Ethereum price ETH weakened recently, as sellers had an upper hand....
Ethereum price weakened, as the bears did not stop in taking the ETH down against the US Dollar. More losses ahead? Key Highlights. Ethereum price continued to dive down against the US Dollar and even broke the $9.50 level. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be considered as a downside move catalyst. There is now a major resistance area forming around $11.00, which may play a crucial role in the short term. Ethereum Price Resistance. There was no stopping the Eth bears as they took Ethereum price further lower....
Ethereum price traded down finally and also moved back below $10.0. It looks like there is a chance of a minor correction moving ahead. Intraday Support Level can be $9.07. Intraday Resistance Level may be $10.5. Ethereum price as highlighted yesterday made a new high of $11.98 where it found sellers and started to move down. The price also traded below the $10.0 level, which is a sign that bulls stepped back and failed to prevent losses. If the bears manage to gain strength, then there is a chance of more losses in the near term.