Ethereum Price Technical Analysis – ETH/USD Bearish Again?
Ethereum price after a decent recovery against the US Dollar started moving down. Does this mean a correction is over in ETH/USD? Key Highlights. ETH price recovered well after a monstrous collapse against the US Dollar to trade towards $11.50. The price failed to remain in the bullish trend, and currently moving lower. There is a short-term bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is acting as a support area. Ethereum Price Support. ETH price managed to spike higher after trading as low as $9.23 against the US Dollar. The ETH/USD pair....
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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 is still bearish, and every correction may be a chance to sell ETH/USD. Can sellers push the price towards $7.00? Ethereum price ETH failed once again as forecasted and moved down. Yesterday, I highlighted that ETH/USD may move down once again and retest the $7.36 levels. The price did move down and I hope you all booked profits. There was a new low of $7.13 created for ether price, and there are chances of more declines in the near term. There seems to be no relief for ETH buyers, as there was a continuous bearish pressure noted in the price. Yesterday’s highlighted bearish....
Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....
Ethereum price is under a lot of bearish pressure, which calls for a test of $10.00, but I think it’s time for sellers to book profits for now. Key Highlights. Ethereum price tumbled further against the US Dollar and traded below the $11.00 support area. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which are acting as a barrier for a recovery. My yesterday’s bearish view paid off since the price moved down further and broke the $11.20 support area. Ethereum Price Tumble. Ethereum price ETH was crushed during the past few hours, as....
Ethereum Price Key Highlights. Ethereum price is gaining downside momentum as it proceeds to create new record lows below 0.00211BTC. No reversal candlesticks are in sight just yet, indicating that the selloff could carry on. Ethereum price seems to be aiming for new lows, as more sellers hopped in on the recent break from consolidation. Technical indicators are also suggesting that further losses are likely. Not yet oversold? On the daily chart of ethereum price, stochastic and RSI are still pointing down, which suggests that price can keep heading south. Shorter-term time frames don't....