Ethereum Price Technical Analysis – Is This A Correction?
Ethereum price is currently struggling to hold the recent bullish bias, and it looks like there is a chance of another dip after a minor move higher. Key Highlights. Ethereum price after posting a new weekly high of $14.68 against the US Dollar found sellers and moved down. There was a breakout pattern cleared on the hourly chart (data feed via Kraken) of ETH/USD before the downside move started. The pair found support near the 200 hourly simple moving average, but closed below the 100 hourly SMA. Ethereum Price Recovery. Ethereum price ETH jumped higher this past week and broke a couple....
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Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....
Ethereum price is back in the bullish zone after a mild correction against the US Dollar, and it looks like ETH/USD may break $10.65 soon. Key Highlights. ETH price gained pace after a correction towards the $10.35 support against the US Dollar. This week’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) is still acting as a resistance near $10.65. The price may once again correct a few points down before making an attempt to break $10.65. Ethereum Price Resistance. There was a minor correction initiated in ETH price against the US....
Ethereum price after a minor dip yesterday against the US Dollar found support, and ETH/USD currently looks set for more upsides in the near term. Key Highlights. ETH price after trading as low as $10.28 against the US Dollar yesterday started a recovery. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken to open the doors for more gains. The price bounced from a perfect technical support area, suggesting the price may gain further. Ethereum Price Bullish Move. ETH price after trading as high as $11.35 started a correction phase....
Ethereum Price Key Highlights. Ethereum price made a strong break below a consolidation pattern and showed follow-through with its selloff to new record lows. Profit-taking seems to be taking place, opening the possibility of a correction to nearby resistance levels. Ethereum price appears to be bouncing off its recent lows and might be ready for a quick correction to Fibonacci levels. Potential pullback points. Using the Fibonacci retracement tool on the latest swing high and low on the 1-hour time frame shows that the pair is closing in on the 38.2% level, which might hold as resistance....
Ethereum price started a substantial correction yesterday against the US Dollar, and it looks like ETH/USD may trade towards $10.20 in the short term. Key Highlights. ETH price started a correction after trading as high as $10.84 against the US Dollar. There is a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is pushing the price down with resistance near $10.55. The pair has also moved below the 100 hourly simple moving average at $10.54, which is a bearish sign. Ethereum Price Correction. Yesterday, I highlighted the start of a correction in ETH....