Ethereum Price Technical Analysis – Can ETH Overcomes Sellers

Ethereum price fell further, as the Eth sellers were seen in control. Going forward, there are chances of additional downsides in the short term. Key Highlights. ETH price continued to face sellers versus the US Dollar, and may move down further. There are two bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are acting as a resistance. It looks like the pair may easily head towards the $11.60 level where the bulls may appear. Ethereum Price Resistance. Ethereum price remained under heavy selling pressure against the US Dollar this past week. I....

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 looks like may struggle in the near term vs the USD, and if the ETH sellers step in, then a new weekly low may be established. Ethereum Price Bearish. Ethereum price ETH may be setting up for more losses in the short term vs the US Dollar, as it failed to move higher intraday. The price moved closer to the $12.80 where it found sellers and started to trade lower once again. There is a minor bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD that acted as a resistance and pushed the price down. The price is currently trading close to the last....

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. The downtrend on ethereum price action appears to be slowing down, as bears don't seem to be too eager to take it down to new lows. After breaking below the earlier triangle consolidation pattern, ethereum price seems to be losing momentum and might be in for a short squeeze around the recent levels. Ethereum price might need to make a correction from its recent drop in order to draw more sellers to push for new lows. RSI Bullish Divergence. Technical indicators appear to be showing that a rally is about to take place, as RSI is reflecting downtrend....