Ethereum Price Technical Analysis – How Long ETH Buyers Can Hold?
Ethereum price once again traded lower against the US Dollar, but somehow buyers managed to protect the downside near a major support. Key Highlights. ETH price continued to rise and dip against the US Dollar, but remains supported on the downside. This week’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD once again acted as a support. The ETH bulls are fighting hard to prevent the downside move around the trend line. Ethereum Price Support. Ethereum price after trading a few points higher against the US Dollar found resistance and traded down. The....
Related News
Ethereum Price Key Highlights. Ethereum price has broken above a short-term descending trend line and has been on a steady climb, but it is encountering a bit of resistance at an area of interest. This lines up with the Fib levels and a former consolidation area, which suggests that plenty of limit orders are located there. Ethereum price is still deciding where to go from here, as a selloff could bring it back to the previous lows while an upside breakout could confirm the bull run. Rally Overdone? Technical indicators seem to be suggesting that the rally is overdone, as RSI and....
Ethereum price may make a sustained move higher. However, buyers need to take the price above $4.60-80 to gain control in the short term. Intraday Support Level may be $4.30. Intraday Resistance Level can be $4.70. Ethereum price after trading down towards the $3.30 area managed to hold the ground and currently correcting higher. It has already recovered some ground and at the moment facing a major resistance area near a bearish trend line formed on the hourly chart (data feed via Kraken). The highlighted bearish trend line may play a crucial role for Ethereum price in the near term.
Ethereum Price Key Highlights. Ethereum price is starting a new uptrend on the 1-hour chart, moving above a rising trend line connecting the latest lows of price action. Price could be in for a quick pullback to the support area at 0.00250BTC since the resistance near the psychological 0.00300BTC mark held. Ethereum price is making a correction from its recent climb, potentially drawing more buyers to the mix and extending its gains. Dynamic Support at 100 SMA. The moving averages are supporting the idea of further gains, as the 100 SMA is treading above the longer-term 200 SMA. In....
DarkNote Price Key Highlights. DarkNote price tested a buy zone, which we highlighted in yesterday's technical analysis. The price is struggling to hold ground as sellers remained in control, creating a risk of a break below 0.00000078BTC. The price has moved below the 100 hourly simple moving average, which is warning sign in the short term. DarkNote price looks like at a risk of more losses, but as long as it is above the broken trend line there is a hope. Risk of More Downsides? The DarkNote price continued to move down after testing a major swing area of 0.00000090BTC and completing a....
Ethereum price after collapsing finally managed to find support. $3.00-20 support area holds the key for the longer run and must hold. Intraday Support Level can be $4.00. Intraday Resistance Level may be $4.55-60. Ethereum price recovered well after testing a monster support area. Buyers appeared and defended the $3.00-20 area successfully, and there is a chance that the price may extend its gains in the near term. However, there are a few resistances formed on the upside for buyers. Currently, the price is trading near a bearish trend line formed on the hourly chart (data feed via....