Ethereum Price Technical Analysis – Trend Line Resistance Intact
Ethereum price stayed above the last swing low of $9.00, but it also stayed below an important resistance area against the USD. Key Highlights. Ethereum price after trading as low as $9.14 against the US Dollar intraday managed to recover. However, yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still in place and may continue to act as a resistance. The price is also below the 100 hourly simple moving average, which is a bearish sign in the short term. Ethereum Price Resistance. There seems to be no relief for Ethereum, as the price....
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Ethereum price ETH failed once again near a bearish trend line, which may continue to act as a hurdle for a recovery in ETH/USD. Key Highlights. ETH price continued to face sellers against the US dollar, as yesterday’s resistance area of $11.40 remained intact. Moreover, yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD continued to act as a barrier for the buyers. As long as the price is below the trend line resistance, there can be another dip below the recent low. Ethereum Price Barrier. Ethereum price ETH managed to climb a few points....
Ethereum price corrected and moved down once again versus the US Dollar. Yesterday’s trend line acted as a perfect resistance for ETH/USD. Key Highlights. ETH price after a minor rise yesterday towards 10.50 found sellers against the US Dollar, and moved down. Yesterday’s highlighted a few bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a perfect resistance. The price may continue to move lower towards $10.10 as the bearish pressure is intact. Ethereum Price Downside Move. ETH price attempt to recover the ground failed, as it moved down once....
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....
Ethereum price is facing a hurdle in the form of a bearish trend line, and if it holds ETH/USD may trade down once again. Key Highlights. Ethereum price after trading as low as $11.79 vs the US Dollar found buyers, and started to recover. However, yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is acting as a resistance. As long as the price is under the trend line, it remains at a risk of more declines in the near term. Ethereum Price Resistance. Ethereum price ETH just managed to gain bids near the $11.80 support area vs the US Dollar....
Ethereum price is finding it very tough to break a bearish trend line on the hourly chart. Let us see whether ETH can succeed in breaking it or not. Key Highlights. Ethereum price is struggling a lot against the US Dollar, as it is facing a major resistance on the upside. The bearish trend line I have been following this week on the hourly chart (data feed via Kraken) of ETH/USD is acting as a tough resistance for the bulls. The price is also finding offers near the 100 hourly simple moving average, positioned around the same trend line. Ethereum Price Trend Line Resistance. Ethereum price....