Ethereum Price Technical Analysis – Trend Line As Barrier For ETH

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 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 weakened during the past couple of sessions against the US Dollar, and looks under pressure in the near term. Key Highlights. Ethereum price dived sharply intraday against the US dollar and moved below the $12.00 area. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier and pushed the price down. The price failed to break the highlighted resistance area, and moved down by more than $2. Ethereum Price Downside. Ethereum price ETH continued to find offers near a major resistance area as highlighted in....

Ethereum Price Key Highlights. Ethereum price finally managed to break an important resistance around 0.00390BTC-0.0040BTC. It also cleared a bearish trend line formed on the hourly chart, which can be seen as a positive sign. The only question is whether this is a real break or not and can the price continue trading higher. Ethereum price spiked higher Intraday, and broke a resistance trend line as highlighted in yesterday's post. Can it be broken? The Ethereum price after struggling for some time to break a crucial bearish trend line formed on the hourly chart managed to gain traction.....

Ethereum price after a minor correction against the US Dollar found support near a trend line and currently trading back higher. Key Highlights. ETH price moved down a few points versus the US Dollar, but found bids near a major support. This week’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD continued to act as a barrier for the sellers. The price is currently bouncing from the trend line support and looks set for more gains. Ethereum Price Upside Move. Ethereum price remained lower yesterday against the US Dollar until it found support near a....