Ethereum Price Technical Analysis – ETH Struggle Continues

Ethereum Price Technical Analysis – ETH Struggle Continues

Ethereum price failed to climb higher versus the US Dollar, which has increased a lot of bearish pressure on ETH/USD in the near term. Key Highlights. ETH price continued to struggle against the US Dollar, and every correction was sold aggressively. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a resistance and pushed the price down. The pair may be positioning for a move towards the last swing low of $11.60 in the short term. Ethereum Price Resistance. ETH price faced a lot of sellers yesterday against the US Dollar and....


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Ethereum Price Technical Analysis – ETH/USD Struggle Continues

Ethereum price struggle to recover against the Bitcoin and the US Dollar continues. It looks like ETH/USD may decline further in the short term. Key Highlights. ETH price attempted a minor recovery against the US Dollar and Bitcoin, but failed to gain momentum. There are a couple of bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are acting as a resistance. As long as there is no break above these trend lines, there is a chance of further declines. Ethereum Price Resistance. It looks like even a successful Ethereum 4th Hard fork was not able to....

Ethereum Price Technical Analysis – Monstrous Resistance For ETH

Ethereum price ETH struggle to clear a monster resistance trend line continues. The buyers have to clear it in order to take the price higher. Key Highlights. ETH price failed once again to clear a major resistance area against the US Dollar, and was seen trading in a range. I highlighted a bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD this week, which is still acting as a monstrous resistance for ETH. The price attempted at least 10 times to break it, but failed to gain traction. Ethereum Price Range. Ethereum price ETH attempted to clear a bearish trend line....

Ethereum Price Technical Analysis – Is This Recovery Real?

Ethereum price recovered against the US Dollar intraday, but it remains at a risk of more losses as long as it is below the 100 hourly SMA. Key Highlights. Ethereum price managed to correct a few points against the US dollar and traded above the $10.00 level. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance for an upside move. The price may continue to struggle in the short term as long as it is below the trend line resistance. Ethereum Price Sell? Yesterday, I highlighted a couple of trend lines and resistances,....

TA: Bitcoin Rally Vulnerable If It Continues To Struggle Below $13.2K

Bitcoin price made another attempt to gain momentum above $13,200 against the US Dollar, but failed. BTC is likely to react to the downside if it continues to struggle near $13,200 and $13,300. Bitcoin corrected lower below $13,000, but it found support near $12,800. The price is back above the $13,000 zone and the 100 […]

Ethereum Price Technical Analysis – Trend Line As Barrier For ETH

Ethereum price continued to remain under a bearish pressure, and if it increases, ETH could weaken further in the near term. Key Highlights. Ethereum price remained under a bearish pressure against the US dollar, and may face sellers in the short term. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier for the pair and pushed it down. The price is currently above the $10.20 support area, but a break below could ignite more downsides. Ethereum Price Barrier. Ethereum price ETH struggle continues against the US Dollar,....