Ethereum Price Technical Analysis – Buyers Losing Control
Ethereum price ETH started correcting lower against the US Dollar. Now we need to see how low it can go before gaining traction once again. Key Highlights. ETH price started to weaken against the US Dollar, and it looks set for more declines as buyers are losing control. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is acting as a resistance. The double top pattern formed yesterday is playing well in pushing the price down. Ethereum Price Decline. Ethereum price ETH climbed higher this week to trade as high as $12.66 where it found....
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Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....
Ethereum price may make a sustained move higher. However, buyers need to take the price above $4.60-80 to gain control in the short term. Intraday Support Level may be $4.30. Intraday Resistance Level can be $4.70. Ethereum price after trading down towards the $3.30 area managed to hold the ground and currently correcting higher. It has already recovered some ground and at the moment facing a major resistance area near a bearish trend line formed on the hourly chart (data feed via Kraken). The highlighted bearish trend line may play a crucial role for Ethereum price in the near term.
Ethereum Price Key Highlights. Ethereum price continued to move lower, as sellers remained in control. The price declined heavily and traded as low as 0.00157BTC where it found buyers. There is a monster resistance formed near 0.00184BTC where sellers are likely to appear one more time. Ethereum price remained under the bearish pressure, and it is likely that it might continue to move lower in the near term. Sell Rallies? The Ethereum price decline was the highlight recently, as there was almost no stopping the sellers. The price fell and traded as low as 0.00157BTC where buyers barely....
Ethereum Price Key Highlights. Ethereum price is starting a new uptrend on the 1-hour chart, moving above a rising trend line connecting the latest lows of price action. Price could be in for a quick pullback to the support area at 0.00250BTC since the resistance near the psychological 0.00300BTC mark held. Ethereum price is making a correction from its recent climb, potentially drawing more buyers to the mix and extending its gains. Dynamic Support at 100 SMA. The moving averages are supporting the idea of further gains, as the 100 SMA is treading above the longer-term 200 SMA. In....
Ethereum price spiked higher to trade above $5.50. There was a classic bullish break noted on the hourly chart calling for more upside moves. Intraday Support Level can be $5.40. Intraday Resistance Level may be $5.90. Ethereum price looks like recovered well after forming a base near the $3.30-00 support area. Buyers gained control in taking the price higher in the short term. Yesterday, I highlighted a bearish trend line on the hourly chart (data feed via Kraken), which was supposed to play a crucial role for both buyers and sellers. It looks like buyers had an upper hand in taking the....