Ethereum Price Technical Analysis – ETH Testing Important Support

Ethereum price is currently correcting and may continue to move down. However, there is a major support on the downside, which can act as a barrier for sellers. Key Highlights. Ethereum price after trading as high as $14.75 found sellers vs the US dollar, and currently trading down. There is a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be seen as a support zone if the price moves down. $14.00-10 area holds a lot of importance for the ETH buyers, and may continue to act as a pivot zone. Ethereum Price Trend Line Support. Ethereum price ETH had....

Ethereum Price Key Highlights. Ethereum price seems to be recovering from its earlier drop, as it is trying to establish a new uptrend visible on its 1-hour time frame. Price is moving slowly inside an ascending channel and is currently testing support. Ethereum price might be able to sustain its short-term climb, with technical indicators and candlestick patterns suggesting a bounce. Bullish Divergence Seen. Stochastic has made a shallow bullish divergence, with price forming lower lows and the oscillator drawing higher lows. This indicator is heading higher, which suggests that ethereum....

Ethereum price is currently under a correction mode and testing a support area versus the US Dollar. Can ETH/USD bounce sooner or later? Key Highlights. ETH price after trading as high as $13.34 versus the US Dollar traded lower and currently testing a crucial support. There is a major bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The 100 hourly simple moving average is also currently providing support and protecting further declines. Ethereum Price Correction. Ethereum price yesterday spiked higher against the US....

Bitcoin price is testing the ascending channel on the 1-hour time frame, still deciding whether to go for a continuation or a reversal. Bitcoin Price Key Highlights. Bitcoin price has been edging lower recently but the overall uptrend on the short-term chart seems intact. Price is still inside its ascending channel and is currently testing the support. A bounce could confirm that bulls are still in control of bitcoin price action while a breakdown would suggest that a downtrend is in order. Technical Indicators Signals. The 100 SMA is above the 200 SMA, which means that the the path of....

Ethereum price fell sharply after testing the $7.80 resistance. It looks like a recovery in ETH/USD won’t be easy in the near term. Key Highlights. ETH price after correcting higher towards $7.80 against the US Dollar found sellers and traded lower. The downside move was prevented by a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD. The price may continue to struggle since there is a lot of selling pressure examined. Ethereum Price Support. We saw how there was a recovery in ETH price versus the US Dollar yesterday, but the price could trade higher for....