Ethereum Price Technical Analysis – ETH Facing Tough Resistance

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....

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....

ENS price ranges break above 50 EMA on the daily timeframe.  ENS price gets rejected as price attempts to break out of an asymmetric triangle. The price holds above daily support and could retest daily resistance for a possible break.  Ethereum Names Service (ENS) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With Ethereum Name Service (ENS) facing resistance to breaking above $16, acting as a tough resistance area, the price of ENS continues to trade above daily support as the price aims to break key resistance.....

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....

Neucoin price is trading with a positive tone. However, there is a major resistance formed near 0.00000850BTC, which is stalling gains in the price. Intraday Support Level can be 0.00000800BTC. Intraday Resistance Level may be 0.00000850BTC. Neucoin price is following a nice bullish structure and trading higher. However, there is a bearish trend line formed on the hourly chart (provided by Bittrex), which can be seen as a short-term resistance for the price. As long as it the price is below the highlighted trend line and resistance area, there is a chance of a downside move. If we look at....