Ethereum Price Technical Analysis – ETH Slowly Approaching Resistance

Ethereum price recently corrected higher to trade near $8.50 where it found sellers. At present ETH/USD is consolidating and may be approaching a break. Ethereum price ETH recently managed to correct higher and traded close to the $8.50 level where it found sellers for a down move. The price moved down and currently forming a consolidation pattern, which may ignite the next move in the near term. There is a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may be broken soon for the next wave. On the upside, the triangle resistance trend line....

Ethereum price slowly moved down from the $11.20 high and currently under a minor bearish pressure versus the US Dollar. Key Highlights. ETH price moved down during the past few sessions against the US Dollar, and struggled to gain traction. There is a connecting bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a resistance. The pair is currently struggling to gain bids for a move higher, which is a concern for the bulls. Ethereum Price Resistance. Ethereum price ETH traded positively against the US dollar until it found sellers near....

Following three consecutive sessions of declines, BTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report. This came as ETH also fell lower, and is approaching its own floor of $2,500 in the process. Bitcoin BTC bulls have been few and far between over the last few days, as the world’s largest cryptocurrency faced growing pressure from bears. This pressure came following Tuesday’s climb to the resistance level of $45,000, which then triggered an onslaught of short sellers, who entered the market. As....

Ethereum classic price is currently trading in a range, which is contracting and may break soon for the next leg in ETC/BTC. Key Highlights. Ethereum classic price continued to trade in a range versus Bitcoin, but approaching a break soon. Yesterday’s minor bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a barrier. The price needs to break either resistance or support for the next move going forward. Ethereum Classic Price Support. Ethereum classic price slowly and steadily moved inside a tiny range on the hourly chart versus the....

Ethereum price remained a slow and steady downtrend against the US Dollar. More losses are likely in ETH/USD, as long as price is below $10.50. Key Highlights. ETH price extended the recent correction against the US Dollar and moved below the $10.40 level. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is active on the upside and acting as a resistance near $10.45. It looks like the pair is slowly moving down, and may continue its decline towards $10.20. Ethereum Price Decline and Resistance. We recently saw a minor top in ETH price....