Ethereum Price Technical Analysis – ETH Is In Uptrend
Ethereum price traded higher versus the US Dollar and my buy dips idea presented yesterday is playing well in the short term. Key Highlights. ETH price surged higher towards $13.20 against the US Dollar to form an uptrend. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a support zone if the pair corrects lower. Buying dips remain a good option for ETH, as long as the price remains supported. Ethereum Price Support. Ethereum price climbed a few points higher during the past 24 hours against the US Dollar to set a high of....
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Ethereum Price Key Highlights. Ethereum price had been trending steadily lower on long-term and short-term time frames, but an upside break from the descending trend line on the 1-hour chart suggests that a reversal might be in order. Price popped above the moving averages to a high of 0.00237BTC and has since retreated for a retest of the broken resistance. Ethereum price may be on the verge of a reversal from its earlier downtrend, indicated by the trend line breakout on a short-term chart. Sights Set on Next Resistance. If the uptrend gains traction, ethereum price could head up to the....
Ethereum Price Key Highlights. Ethereum price has been on a downtrend on its longer-term time frames, but it looks like the tides could turn. A double bottom pattern is visible on the 4-hour chart and price is making its way up to test the neckline at 0.0040. Ethereum price could be in for a long-term uptrend if it is able to break past the neckline resistance soon. Technical Indicators In Favor Of the Bulls. The technical indicators on the 4-hour time frame support further gains in ethereum price, as the 100 SMA just crossed above the 200 SMA. This signals that the path of least....
Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....
Ethereum Price Key Highlights. Ethereum price seems to be on the verge of a reversal after breaking above a short-term descending trend line last week. A complex inverse head and shoulders pattern has formed on the 1-hour time frame, indicating that an uptrend is in the cards. Ethereum price appears to have broken above the neckline of the inverse head and shoulders formation, confirming that more gains are likely. Upward moving averages crossover. Price moved past the 0.00220BTC level and has since pulled back to the broken neckline, which might now hold as support. The moving averages....