Ethereum Price Technical Analysis – ETH May Extend The Downside

Ethereum price failed to hold the $19.05 support against the US Dollar, increasing the risk of more losses in ETH/USD in the short term. Key Highlights. ETH price remained in a downside category with support at $18.18 against the US Dollar. There is a bearish trend line with resistance at $18.70 formed on the hourly chart of ETH/USD (data feed via SimpleFX). There is a chance that the price may extend the downside leg and trade below $18.18. Ethereum Price Next Leg Lower? Yesterday, we discussed how ETH price may be heading lower vs the US Dollar due to a break below $19.50. The price did....

Ethereum classic price is under renewed selling pressure, and it looks like it won’t be easy for the ETC buyers to attempt a correction. Key Highlights. Ethereum classic price extended its downside move against the Bitcoin, and may trade towards 0.00115BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still active on the upside to act as a resistance. If there is a minor rise in the short term, then the ETC sellers may appear on the upside. Ethereum Classic Price Resistance. ETC price failed to gain any sort of bids against the....

Ethereum price traded further down and broke yesterday’s low. Can losses extend or ETH/USD could manage to correct higher in the short term? Ethereum price ETH was under a lot of bearish pressure intraday against the US Dollar, and my suggested idea of selling near the 100 hourly simple moving average worked well. The target of $10.40 was achieved, and the price event broke the swing low of $10.00 to form a new low of $9.89. The price is currently consolidating in a tiny range and facing sellers near the 23.6% Fib retracement level of the last drop from the $11.65 high to $9.89 low. There....

Ethereum price after tumbling started to correct higher against the US Dollar, but I think the correction phase won’t last long. Key Highlights. Ethereum price continued to struggle against the US Dollar and moved down further during the past few sessions. This past week’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD proved worth and pushed the price down. The price traded close to the $11.20 support area where it found support and managed to correct higher. Ethereum Price Downside Move. Ethereum price ETH continued to face offers against the US....

Ethereum price recovered well from the PBOC decline against the US Dollar, and now ETH/USD is looking to extend gains in the short term. Key Highlights. ETH price after a strong downside move towards the $10.25 level against the US Dollar recovered. There is a connecting bearish trend line formed on the 4-hours chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $11.20. On the downside, the $11.00 may act as a support area just above the $10.80 level. Ethereum Price Resistance. This past week, we saw some swing moves in Ethereum price against the US....