Ethereum Price Technical Analysis – Is This Recovery Real?
Ethereum price recovered against the US Dollar intraday, but it remains at a risk of more losses as long as it is below the 100 hourly SMA. Key Highlights. Ethereum price managed to correct a few points against the US dollar and traded above the $10.00 level. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance for an upside move. The price may continue to struggle in the short term as long as it is below the trend line resistance. Ethereum Price Sell? Yesterday, I highlighted a couple of trend lines and resistances,....
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Ethereum price started a recovery from the $11.00 low against the US dollar, but it is eventually moving towards a crucial resistance area. Key Highlights. ETH price managed to correct a few points higher during the past few hours against the US Dollar. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still active on the upside to stop any further gains. The price may be recovering in the short term, but it’s hard to call the current wave as a real recovery. Ethereum Price Resistance. ETH price looks like started a recovery against the....
Ethereum classic price after trading as low as 0.00107BTC started a recovery, but remains in the bearish zone and may continue to weaken. Key Highlights. Ethereum classic price declined further against the Bitcoin, and almost tested the 0.00100BTC support. A new low was formed at 0.00107BTC before the price started a recovery. There was a bearish trend line on the hourly chart (data feed via Simplefx) of ETC/BTC, which was broken during the recent recovery. Ethereum Classic Price Failed Recovery? There were clear chances of more declines in ETC price against the Bitcoin. The price did....
Ethereum classic price after diving yesterday found support at 0.0035BTC. Can ETC recover in the near term or will it move down? Key Highlights. Ethereum classic price collapsed against Bitcoin, as I was thinking and traded as low as 0.0035BTC. There was a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which was cleared recently to ignite a recovery. A recovery in ETC may not be easy, as buyers may face a lot of sellers on the upside. Ethereum Classic Price Resistance. Ethereum classic price ETC continued to move down against Bitcoin yesterday, and....
Ethereum classic price broke a short-term resistance, but this break cannot be encouraging until ETC/BTC closes back above 0.00208BTC. Key Highlights. Ethereum classic price after creating a minor new low versus Bitcoin started to recover. There was a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which was broken during the recent recovery. However, yesterday’s highlighted resistance area at 0.00208BTC is still in place. Ethereum Classic Price Recovery. Ethereum classic price after declining versus Bitcoin, formed a minor new low. The price traded as....
Ethereum classic price continued to consolidate above 0.0020BTC, and it looks like it may do so for some time before a recovery. Key Highlights. Ethereum classic price remained above a major support of 0.0020BTC versus Bitcoin during the past few sessions. A long followed highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) remained in action and preventing gains in ETC. The ETC buyers need to break the trend line resistance for a recovery in the near term. Ethereum Classic Price Resistance. Ethereum classic price after declining towards the 0.0020BTC....