Ethereum Price Technical Analysis – $11.20 Now Major Resistance
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....
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Ethereum price popped above a major resistance area of $11.80. Now, can it provide support and push ETH higher versus the USD? Ethereum price kept struggling near the $11.80 resistance area, as highlighted in yesterday’s post. However, the ETH bulls finally managed to take the price above the stated level, and there was an hourly close above it. Now, the price is moving down, and the same resistance area is currently acting as a support and helping the bulls to regain ground. There is an ascending channel pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may play....
Ethereum price formed a weekly low below $7.00 against the US dollar. The ETH/USD pair is currently recovering, but facing resistance near $7.20. Key Highlights. ETH price after declining towards the $6.83 level against US Dollar stated correcting higher. There is a major resistance area near a bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD at $7.20. As long as the pair is below the highlighted resistance area, it won’t be easy for the bulls to take the price higher. Ethereum Price Upside Barrier. There were further declines in ETH price, as it moved down below....
Ethereum price after weakening started trading in a range. It looks like it is facing a tough resistance on the upside, which is stalling gains. Key Highlights. Ethereum price after a decline against the US Dollar started a consolidation below a major resistance area. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be seen as a major barrier for an upside move. The price is below the 100 hourly simple moving average, which is also acting as a resistance zone. Ethereum Price Resistance. Ethereum price ETH after moving a few points below....
Ethereum price started recovering Intraday against the US Dollar, but it looks like the upside may stall as there is a major resistance around $13.50. Key Highlights. Ethereum price after moving below the $12.00 support area against the US Dollar started recovering. However, the ETH/USD pair is heading towards a major resistance area around the $13.50 level. This week’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still intact and may act as a barrier for the buyers. Ethereum Price Resistance. Ethereum price ETH after falling close to the $11.30....
Ethereum price recovery is currently protected by a bearish trend line. Let’s see if there is a break possible in the near term or not. Key Highlights. Ethereum price started a recovery against the US dollar, but finding a crucial resistance on the way up. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still in play and acting as a major resistance. As long as the price is below the highlighted trend line resistance, it may continue to face selling pressure. Ethereum Price Resistance. Ethereum price ETH attempted once again to trade....