Ethereum Price Weekly Analysis – Can ETH Sustain Bullish Bias?
Ethereum price managed to stay in the positive zone versus the US Dollar, but the loss in momentum is worrying sign in the near term. Key Highlights. Ethereum price managed to gain this past week against the US Dollar, but gains were not convincing. There is a major ascending channel pattern formed on the 4-hours chart of the ETH/USD pair (data feed via SimpleFX), which is acting as a catalyst for an upside move. A break below it could ignite a corrective rally in ETH/USD, which won’t be good for buyers. Ethereum Price Support. Ethereum price ETH somehow managed to stay above a major....
Related News
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....
[Notice: All the price units are in Satoshi]. The Dogecoin price dropped around only 0.05% against the BTC in over the last 24 hours, but the overall bearish bias in its market continued to sustain. As you can see the 4H HITBTC chart above, the Dogecoin price continue to form lower lows near 40, adding further to the prevailing bearish bias. The Doge market has indeed reacted negatively to the Bitcoin's celebrated bullish rally, as it simply took away a notable chunk of trading volume from the meme cryptocurrency. As a result, we can see how Dogecoin price which, on February 8th, was being....
Ethereum Classic (ETC) produced a godlike candle as the market’s sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher. (Data from Binance) Related Reading: $500 Million In Bitcoin Shorts Pile In As BTC Price Sits Below $20,000, Will They Get Squeeze? Ethereum Classic (ETC) Price Analysis On The Weekly Chart The price of ETC has had a tough time in recent....
Ethereum price struggle looks like over, and ETH/USD may be positioning for another upside ride if there is a close above 100 SMA (H4). Ethereum price after a continuous decline for around 10 days managed to find bids around the $7.00 support area. For the whole past week I suggested selling rallies or a pullback. My idea worked for the most of time. Now, I think it’s time to change the bias from bearish to bullish. There was a bearish trend line formed on the 4-hours chart (data feed via Kraken) of ETH/USD, which was cleared by the buyers recently to open the doors for more gains. The....
The price of Ethereum (ETH) has struggled to break out of a range against Tether (USDT) after being rejected from key resistance. Ethereum price has seen a relief bounce, with Bitcoin (BTC) rallying after closing the weekly candle with bullish sentiment from a daily low of $23,000 to a region of $24,100 in the early hours. (Data feeds from Binance) Related Reading: TA: Bitcoin Price Could Rally If There Is A Close Above This Key Resistance Price Analysis Of ETH On The Weekly Chart Ethereum’s price saw a weekly close of around $1,720, with a new candle opening bullish ahead of the....