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....
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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....
A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that […]
Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done by crypto analyst Crypto Patel laid out a path to where the....
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....