Ethereum Price Technical Analysis – Can Recovery Sustain?

Ethereum price recovered well from the PBOC decline against the US Dollar, and now ETH/USD is looking to extend gains in the short term. Key Highlights. ETH price after a strong downside move towards the $10.25 level against the US Dollar recovered. There is a connecting bearish trend line formed on the 4-hours chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $11.20. On the downside, the $11.00 may act as a support area just above the $10.80 level. Ethereum Price Resistance. This past week, we saw some swing moves in Ethereum price against the US....

Trading with a slightly negative bias, Bitcoin has slipped to $244.28, down 0.94 percent yesterday. Even though the uptrend is intact, Bitcoin has failed to sustain above a key technical level which has led to severe deteriorations in the technical indicators. Let us discuss each of the factors in the technical analysis of the daily BTC-USD price chart below. Bitcoin Chart Structure - As has been marked in the chart above, the upward channel in which Bitcoin has been trading since the last week of September clearly holds. However, as discussed earlier, Bitcoin has failed to sustain above....

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 Price Key Highlights. Ethereum price has been on a downtrend on its longer-term time frames, but it looks like the tides could turn. A double bottom pattern is visible on the 4-hour chart and price is making its way up to test the neckline at 0.0040. Ethereum price could be in for a long-term uptrend if it is able to break past the neckline resistance soon. Technical Indicators In Favor Of the Bulls. The technical indicators on the 4-hour time frame support further gains in ethereum price, as the 100 SMA just crossed above the 200 SMA. This signals that the path of least....