Ethereum Price Weekly Analysis – ETH Primed For Lift-Off
Ethereum price remains supported on the downside against the US Dollar, and buying dips may be opted in the near term. Key Highlights. Ethereum price slowly and steadily traded higher this past week versus the US Dollar. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which may continue to act as a support. As long as the price is above the highlighted trend line support, it may bounce soon. Ethereum Price Trend. Ethereum price ETH did not make any major moves this past week versus the US Dollar, but it slowly moved higher. The price....
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Key Highlights. Bitcoin price after declining close to ¥1800 found support and currently setting up for the next move. Looking at the 4-hours char (price feed from BTCChina), there is a consolidation pattern formed. A positive sign for buyers is emerging on the lower timeframe, as the price broke a bearish trend line on the hourly chart (price feed from Huobi). Bitcoin price started to show some bullish signs, and looks set for an upside move if buyers step in and overcome selling pressure. ¥2160-70 as a Resistance. I highlighted in the previous week's analysis that Bitcoin price managed....
Bitcoin price climbed a few points higher before closing the week. Now, it looks like forming a short-term support area for more gains. Intraday Support Level can be $380. Intraday Resistance Level may be $390-95. We have been following a nice setup on the daily time frame chart for Bitcoin price. There are both positive as well as bearish signs on the daily chart and data feed from HitBTC. Looking at the bearish signs, the price is below the 100-day simple moving average which has stalled the upside move on more than 3-4 occasions. In fact, there was a spike in Bitcoin price this past....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few weeks outperformed the price of Bitcoin (BTC) but has shown bearish signs indicating the ETH price could be set to retest the nearest support. Related Reading: TA: Ethereum Could Take Hit As The Bulls Show Weak Hands Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,700, which bounced from that area and rallied to a price of $2,030 after showing great recovery signs in recent....
The price of Ethereum (ETH) has struggled to break out of a range against Tether (USDT) after being rejected from key resistance. Ethereum price has seen a relief bounce, with Bitcoin (BTC) rallying after closing the weekly candle with bullish sentiment from a daily low of $23,000 to a region of $24,100 in the early hours. (Data feeds from Binance) Related Reading: TA: Bitcoin Price Could Rally If There Is A Close Above This Key Resistance Price Analysis Of ETH On The Weekly Chart Ethereum’s price saw a weekly close of around $1,720, with a new candle opening bullish ahead of the....