Ethereum Price Technical Analysis – Big Picture In ETH/USD
Ethereum price looks like forming a monster range on the weekly time frame chart versus the US Dollar, which may stay for some time. Key Highlights. ETH price mostly traded in a range this past couple of weeks against the US Dollar. If we have a look at the weekly chart (data feed via SimpleFX) of ETH/USD, there is a broader range formed. On the upside, there is a major resistance near $15.00, and on downside $7.00-20 is a support. Ethereum Price Range. Ethereum price ETH surprised many traders recently with its ranging moves against the US Dollar. The fact is that there is no major reason....
Related News
Ethereum has finally crossed over the downward sloping resistance line, albeit on a low volume, which fails to induce any confidence in the breakout. As can be seen from the 2-hour ETH-XBT price chart taken from Kraken exchange, there is no visible surge in volume reading even after the resistance has been taken out. A major contribution in ETH/XBT price rise is the sudden collapse in Bitcoin price. A free falling Bitcoin will aid this pair. Ethereum is currently trading at 0.00240BTC. The technical picture suggests that Ethereum will face significant selling pressure 0.00283BTC even if....
The popular saying Another Day, Another Dollar seems very apt in the current Bitcoin market which is seeing gains of a dollar a day. Since our previous observation at $242.03, Bitcoin has added $1 to be trading at $243.08. And not much has changed in the chart structure and the technical picture in the past 24 hours. Take a look at the latest case for Bitcoin. Bitcoin Chart Structure - We discussed in the previous Bitcoin price analysis A Couple of Resistances that the cryptocurrency was struggling to cross $244, however, the price went on to hit an intraday high of $246.24 later in the....
Bitcoin has hit the ground with a thud as bulls ran out of fuel in the middle of this week. The decline of the past 3 sessions has undone all the hard work done by the buyers after the price hit a low of $261. Bitcoin is now trading at $262.22, down 1.84 percent. It has hit an intraday low of $262. And I am sensing more pain if $260 is breached. Take a look at the technical picture of the daily BTC-USD price chart below. Bitcoin Chart Structure - Bitcoin has witnessed an incessant selling pressure after it hit its recent high of $271.50. If the cryptocurrency holds its base of $260, then a....
Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....