Ethereum Price Technical Analysis – ETH/USD Back In Action
Ethereum price is back in action, as there was a nice upside move in ETH/USD. More gains are likely moving ahead as the resistance is now support. Key Highlights. ETH price surged higher versus the US Dollar and posted a solid move above the $12.00 handle. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken for an upside move. The ETH bulls managed to gain control, and took the price higher towards $12.75. Ethereum Price Bounce. Yesterday, I stated that the ETH buyers need an encouragement for an upside move. Ethereum price did move....
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The 1-day Bitcoin price chart is looking more bullish every week, yet there are some immediate technical influences at smaller timeframes that are affecting price. Technical analysis looks at a bearish influence in the 4-hour chart that is presently pushing price down. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 05h38 UTC. Bitstamp 4-Hour Chart. From the analysis pages of xbt.social, earlier today: Price Action. The lower high in....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....
Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the sharp recovery from $1,550 that kicked off on Tuesday. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says As it stands, the Ethereum price is at an important technical phase after retesting the $1,799 resistance level and pulling back into its final intraday support zone. A fresh push above $1,800 could open the door to $1,840 and beyond, whereas deeper retracements....
Bitcoin fell lower on Friday, as the token slipped below a key resistance level during today’s session. Following a mini rally in price this week, bitcoin bears returned to action, as volatility in the market increased. Ethereum was also lower, falling back below $1,700.
Bitcoin
Following a mini rally this week, bitcoin (BTC), was back in the red on Friday, as the token slipped below a key resistance point.
The world’s largest cryptocurrency fell to an intraday low of $21,171.79, which is nearly $600 lower than Thursday’s high at $21,744.87.
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Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600. Bitcoin Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines. BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of $20,542.64 earlier today. This move sees bitcoin....