Ethereum Price Weekly Analysis – ETH/USD Approaching Crucial Resistance
Ethereum price has started a recovery against the US dollar, but it faces a major resistance on the upside, making buyers nervous. Key Highlights. Ethereum price started a recovery against the US Dollar, and found support just above $9.00. There is a monster bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may act as a resistance. The 100-day simple moving average is also on the upside to act as a hurdle for the ETH buyers. Ethereum Price Upside Hurdle. ETH price after a crash towards the $9.20 level against the US Dollar found support, and started....
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Bitcoin price remained under a bearish pressure this past week versus the US Dollar, and now BTC/USD is approaching a major resistance. Key Points. Bitcoin price after declining towards $580 against the US Dollar managed to recover a few points. There is a crucial bearish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which can act as a major barrier for upsides. The $605-10 area is a crucial resistance area and may provide offers to the buyers. Bitcoin Price Resistance. Bitcoin price after trading in a range versus the US Dollar above the $600 level for some....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few days has struggled to reclaim the $2,000 mark that has become a resistance despite showing strong bullish signs and outperforming Bitcoin (BTC) in this relief rally. The price of ETH ranging has led to many feeling weary if bulls are still in control. Related Reading: Shiba Inu Trends Upwards Through Strong Whale Accumulations Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,012,....
Ethereum started a sharp downside correction below $1,200 against the US Dollar. ETH price is down 20%, but is approaching a crucial support at $1,000 and the 100 hourly simple moving average. Ethereum failed to stay above the $1,200 support and declined heavily below $1,150. The price is down 20%, and it is approaching the […]
Ethereum price started a recovery from the $11.00 low against the US dollar, but it is eventually moving towards a crucial resistance area. Key Highlights. ETH price managed to correct a few points higher during the past few hours against the US Dollar. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still active on the upside to stop any further gains. The price may be recovering in the short term, but it’s hard to call the current wave as a real recovery. Ethereum Price Resistance. ETH price looks like started a recovery against the....