Ethereum Price Technical Analysis – ETH On The Rise Again
Ethereum price recovered well recently against the US dollar, and it looks like the ETH/USD pair is set for more gains moving ahead. Key Highlights. ETH price after a minor correction yesterday against the US Dollar found support and traded higher. Yesterday’s minor bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD played well in acting as a support zone. If the market sentiment remains intact, there is a chance of a move towards the $12.00 level. Ethereum Price Trend. Ethereum price corrected a few points recently against the US Dollar and traded close to the....
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Ethereum price looks like trading above a channel support against the US Dollar, and ETH/USD may continue to slowly rise higher. Key Highlights. ETH price managed to remain above the $9.40 support area against the US Dollar, and may trade higher. There is an ascending channel pattern formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which taking the price higher. The price is currently above the 100 hourly simple moving average, which is a positive sign. Ethereum Price Support Zone. There was a rise towards $9.90 in ETH price against the US Dollar recently where it found....
Ethereum has finally crossed over the downward sloping resistance line, albeit on a low volume, which fails to induce any confidence in the breakout. As can be seen from the 2-hour ETH-XBT price chart taken from Kraken exchange, there is no visible surge in volume reading even after the resistance has been taken out. A major contribution in ETH/XBT price rise is the sudden collapse in Bitcoin price. A free falling Bitcoin will aid this pair. Ethereum is currently trading at 0.00240BTC. The technical picture suggests that Ethereum will face significant selling pressure 0.00283BTC even if....
As the bitcoin price rally gets into high gear, technical indicators at the long, mid and short term levels suggest that there could be corrections on the horizon, after a continued rise to $820 USD. Let’s take a look at the indicators in the first installment of Bitcoinist.net’s new technical analysis series by Ramiro Burgos. Prices are breaking at every resistance placed by Gann Angles Theory, and also had left back the big triangle accomplishing all the technical objectives. Taking on all the historical prices data, Fibonacci numbers at the 50% zone would be reached at $670, and the....
At the current price of $247.66, Bitcoin is trading more than 2% down from its 24-hour high of $253.75. The downward trend is still evident in the digital currency and bears are entering the market on every rise. It is also expected that volatility will play a major role in the price action going ahead. Presented here is the technical analysis of the 240-minute BTC/USD price chart which makes a strong case for the sellers. Fibonacci Retracements - As can be seen from the chart above, the rise from yesterday's $245.27 to a high of $253.75 was considerably subdued by fresh selling.....
Bitcoin price rose 2 percent to cross the $270-mark. I discussed in my previous Bitcoin price analysis titled Time to buy some that the cryptocurrency could stage a small comeback rally as technical factors played out. Bitcoin price touched an intraday high of $271.50 and is now trading at $270.22. Technical analysis of the daily BTC-USD price chart states that market participants should exit their long trades if the price were to rise further to $275-277. Bitcoin Chart Structure - The support of the descending triangle will now act as the resistance for Bitcoin. The downward sloping....