Ethereum Price Weekly Analysis – ETH/USD Testing Crucial Support

Ethereum Price Weekly Analysis – ETH/USD Testing Crucial Support

Ethereum price was under a lot of bearish pressure against the US dollar, and currently the bulls are fighting around a major support. Key Highlights. Ethereum price declined heavily versus the US Dollar, but currently trading near a crucial support. There is a critical bullish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may stop the downside going forward. The 100-day simple moving average is also on the downside to act as a support area. Ethereum Price Trend. Ethereum price ETH after staying above the $13.00 level against the US Dollar for some time,....


Related News

Ethereum Price Technical Analysis – ETH Testing Support

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....

TA- Cosmos Could Be Set For A Wild Rally Ahead Of Crucial Breakout

The price of Cosmos (ATOM) could be set for a wild rally with a potential breakout against Tether (USDT) ahead of summer relief for altcoins.  Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like Cosmos breaking out in price. (Data feeds from Binance) Related Reading: TA- Ethereum Price struggles To Breakout – Eyes $2,000 Price Analysis Of ATOM On The Weekly Chart From the chart, the price of ATOM saw a weekly low of around $6.5, which bounced from that range and rallied to $11.3. The price has built more momentum as it faces....

Ethereum Price Technical Analysis – ETH Testing Support

Ethereum price is currently correcting lower and testing a major support, which must hold if ETH/USD has to remain in an uptrend. Key Highlights. ETH price after trading as high as $11.20 against the US Dollar found sellers and corrected lower. There is a crucial bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a major support. The same trend line is also around the 100 hourly simple moving average, acting as a buy area. Ethereum Price Trend Line Support. Ethereum price ETH managed to trade higher once again towards the $11.20 level....

TA – Ethereum Price Faces Resistance As Merge Date Is Announced

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....

TA- Ethereum Price struggles To Breakout – Eyes $2,000

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....