Ethereum Price Technical Analysis – Perfect Trend Line Bounce

Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....

Ethereum price traded down near $7.0 where buyers appeared. Currently, it looks like there is a chance of ETH/USD breaking higher in the short term. Ethereum price ETH made a perfect bottom near $7.0. I highlighted in yesterday’s analysis that there is a chance of ETH/USD moving down towards $7.0, which can then produce a bounce. The price did test the mentioned level and moved higher later. There was a nice upside reaction, signaling more gains in the near term. ETH/USD is currently attempting to break a bearish trend line on the hourly chart (data feed via Kraken), which is also....

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 traded above the $11.00 handle vs the USD, and it looks like there are more upsides left in ETH/USD in the near term. Key Highlights. Ethereum price spiked higher vs the US Dollar intraday and appreciated by more than 10%. Yesterday’s bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD played well, as the price bounced perfectly after testing it. There is a chance of a minor correction from the current levels, which can be seen as a buying opportunity. Ethereum Price – Buying Dips? Ethereum price ETH as mentioned bounced during the past couple of....

Ethereum price weakened during the past couple of sessions against the US Dollar, and looks under pressure in the near term. Key Highlights. Ethereum price dived sharply intraday against the US dollar and moved below the $12.00 area. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier and pushed the price down. The price failed to break the highlighted resistance area, and moved down by more than $2. Ethereum Price Downside. Ethereum price ETH continued to find offers near a major resistance area as highlighted in....