Ethereum Price Technical Analysis – ETH Approaching Break

Ethereum price is struggling to trade higher, and approaching a short-term breakout. Can sellers succeed or the bulls will overcome selling pressure? Ethereum price after failing to break the $12.12 level against the US Dollar moved down, and showed a lot of bearish signs lately. The price closed below the 100 hourly simple moving average as well, which suggests that the bulls are struggling to take the price higher. There is a contracting triangle pattern forming on the hourly chart (data feed via Kraken) of ETH/USD, which may be seen as a catalyst for the next move. The highlighted....

Ethereum price is currently trading in a range against the US Dollar, but with a positive tone and approaching a break soon. Key Highlights. ETH price mostly traded in a range versus the US Dollar during the past few sessions. There is a contracting triangle pattern forming on the hourly chart (data feed via SimpleFX) of ETH/USD, which may provide us a break soon. As long as the price is above the 100 hourly simple moving average, the chances of an upside break are high. Ethereum Price Resistance. Ethereum price after trading as high as $13.32 against the US Dollar started correcting....

Following three consecutive sessions of declines, BTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report. This came as ETH also fell lower, and is approaching its own floor of $2,500 in the process. Bitcoin BTC bulls have been few and far between over the last few days, as the world’s largest cryptocurrency faced growing pressure from bears. This pressure came following Tuesday’s climb to the resistance level of $45,000, which then triggered an onslaught of short sellers, who entered the market. As....

Ethereum price after a minor dip vs the US dollar moved higher. ETH looks like poised for yet another run towards the $14.50 level. Key Highlights. Ethereum price continued to stay in the bullish zone vs the US Dollar, and may be setting up for the next break. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a support and held the downside move as forecasted. There is now a minor bearish trend line formed on the same chart, which might provide us the next break in ETH/USD. Ethereum Price – Trend Line Break. Ethereum price ETH managed....

Ethereum price recently corrected higher to trade near $8.50 where it found sellers. At present ETH/USD is consolidating and may be approaching a break. Ethereum price ETH recently managed to correct higher and traded close to the $8.50 level where it found sellers for a down move. The price moved down and currently forming a consolidation pattern, which may ignite the next move in the near term. There is a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may be broken soon for the next wave. On the upside, the triangle resistance trend line....