Ethereum Price Technical Analysis – Another Failed Attempt
Ethereum price managed to correct a few points higher but failed to gain momentum, which means it remains at a risk of more declines. Key Highlights. ETH price attempted once again to trade higher against the US Dollar, but failed. There is one more bearish trend line formed, which is just below this week’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD. As long as the price is below these trend lines and the 100 hourly simple moving average, it won’t be able to recover. Ethereum Price Upside Barrier. ETH price yesterday managed to move higher a few....
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In the previous Bitcoin price technical analysis titled Indicators Turning Positive, we discussed that the market participants should remain short on the cryptocurrency. Since then, Bitcoin has touched a high of $235.93 and a low of $226.31 very recently. This was another failed attempt by the bulls, and a further 3-4 percent cut will complete jeopardize their plans. Take a look at the latest technical indications provided by the daily BTC-USD price chart. Bitcoin Chart Structure - There was another reason that made the recent jump unimpressive: Bitcoin failed to head above its previous....
Ethereum has dropped 1.5 percent to 0.00197BTC, in line with our bearish expectations. We iterated our short view in the previous technical analysis titled Bitcoin-fueled bounce fades away. The price action in the past 24 hours has been strongly bearish and threatens a further 4% drop in the pair. Chart Structure – The underlying weakness in ETH-XBT forced the pair below the 20 4-h SMA (we discussed this possibility in the previous price analysis). The bulls did attempt to reverse the losses but failed miserably as the bears used the breached moving average as an offloading level. The pair....
Ethereum price was only able to correct a few points until it found sellers once again versus the US Dollar, and declined towards the last low. Key Highlights. ETH price started a correction yesterday against the US Dollar, but failed to hold the momentum. There was a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the downside reversal. The pair found offers near the 100 hourly simple moving average, and declined. Ethereum Price Hurdle. Ethereum price was seen correcting yesterday against the US Dollar, and I was hoping for it to....
Ethereum price yesterday’s recovery attempt failed against the US Dollar and BTC. Going forward, ETH/USD may decline further towards $7.35. Key Highlights. ETH price failed to hold the minor corrective trend yesterday against the US Dollar and moved down. Yesterday’s highlighted tiny bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken at $7.58 to initiate a downtrend. The pair is currently under a bearish pressure, and may soon head lower towards $7.35. Ethereum Price Decline. There was a minor correction yesterday in ETH price versus the US Dollar.....
Ethereum price failed to gain momentum against the US Dollar, and failed near $7.20. More losses are likely in ETH/USD moving ahead? Key Highlights. ETH price started a correction wave yesterday against the US Dollar, but it looks it failed to gain traction. There is a new minor bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance. The price is back trading near the last swing low of $6.87, and remains at risk. Ethereum Price Decline. Yesterday, there was a correction wave initiated in ETH price against the US Dollar.....