Ethereum Price Technical Analysis – ETH is Forming Base?
Ethereum price extended the downside move against the US Dollar to test $11.50. Let’s see if the price can recover moving ahead or not. Key Highlights. ETH price declined further versus the US Dollar, and traded as low as $11.46. There is a new short-term bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may provide a relief rally. The pair is finding support near $11.50, which may produce a bounce in the short term. Ethereum Price Resistance. Ethereum price broke down further as sellers remained in action. There was a break below the $11.60 support....
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Ethereum is gaining bullish momentum above $375 against the US Dollar. ETH price is showing positive signs and it might even climb above the $385 resistance. Ethereum started a fresh upward move after forming a support base near $368. The price is now trading well above the $375 level and the 100 hourly simple moving […]
Ethereum price seems to have its sights set higher after breaking out of a descending triangle on its 4-hour chart. Technical indicators are also supporting further gains. Ethereum price had previously consolidated inside a descending triangle pattern, forming lower highs and finding support at 0.00250. At the moment, ethereum price is testing the near-term resistance at the 0.00300 level, waiting for more bulls for another leg higher. An upside break past this level could take it up to the next area of interest at 0.00330-0.00350 then onwards to the larger triangle highs at 0.00400.
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....
Ethereum is rising and it broke the key $1,800 resistance against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards $2,000. Ethereum is forming a support base above the $1,750 and $1,760 levels. The price is now well above the $1,800 zone and the 100 hourly simple […]
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Ethereum ahead of the upcoming Merge using the ETHBTC monthly chart. Specifically, this episode looks at the Ethereum versus Bitcoin trading pair using the Parabolic SAR, Ichimoku Cloud, and much more. Take a look at the video below. VIDEO: Ethereum Versus Bitcoin Analysis (ETHBTC): August 23, 2022 Looking at Ethereum’s monthly chart, after a clear violation of the last uptrend ending in 2017, Ethereum entered a bear market against Bitcoin –– yet was able to build a stable rounded base over the....