Ethereum Price Technical Analysis – Trend Line Resistance Holding
Ethereum price is currently trading below a resistance trend line and struggling to break it. If the ETH bulls succeed, it may call for an upside move. Key Highlights. ETH price continued to challenge an important resistance area against the US Dollar, but failed to break it. There is a bearish trend line as highlighted yesterday on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a resistance. The pair is slowly stabilizing, and may attempt another break of the trend line resistance. Ethereum Price Hurdle. Ethereum price remained above a major support area against....
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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 price recovery is currently protected by a bearish trend line. Let’s see if there is a break possible in the near term or not. Key Highlights. Ethereum price started a recovery against the US dollar, but finding a crucial resistance on the way up. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still in play and acting as a major resistance. As long as the price is below the highlighted trend line resistance, it may continue to face selling pressure. Ethereum Price Resistance. Ethereum price ETH attempted once again to trade....
Ethereum price is facing a hurdle in the form of a bearish trend line, and if it holds ETH/USD may trade down once again. Key Highlights. Ethereum price after trading as low as $11.79 vs the US Dollar found buyers, and started to recover. However, yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is acting as a resistance. As long as the price is under the trend line, it remains at a risk of more declines in the near term. Ethereum Price Resistance. Ethereum price ETH just managed to gain bids near the $11.80 support area vs the US Dollar....
Ethereum price is finding it very tough to break a bearish trend line on the hourly chart. Let us see whether ETH can succeed in breaking it or not. Key Highlights. Ethereum price is struggling a lot against the US Dollar, as it is facing a major resistance on the upside. The bearish trend line I have been following this week on the hourly chart (data feed via Kraken) of ETH/USD is acting as a tough resistance for the bulls. The price is also finding offers near the 100 hourly simple moving average, positioned around the same trend line. Ethereum Price Trend Line Resistance. Ethereum price....
Ethereum price is struggling to gain momentum, and if the trend line resistance holds, more losses are likely in the short term. Key Highlights. Ethereum price continued to face sellers against the US Dollar, and moved down intraday. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a resistance area. The price is now below the 100 hourly simple moving average, which might ignite more downsides. Ethereum Price Resistance. Ethereum price ETH attempted to trade higher on a couple of occasions versus the US Dollar yesterday,....