Ethereum Price Technical Analysis – ETH/USD Grinding Lower

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,....

Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....

Ethereum price is slowly and steadily grinding higher against the US Dollar, but it lacks momentum to clear a couple of important resistance levels. Key Highlights. Ethereum price after a minor correction against the US Dollar found buyers on the downside. Yesterday’s short-term bullish trend line highlighted on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a perfect support area. On the upside, the pair is still struggling to break the $11.20-30 resistance, which may ignite another correction. Ethereum Price Support. Ethereum price ETH yesterday moved a few points lower....

Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000. Bitcoin After a brief stint above $25,000 over the weekend, bitcoin (BTC) was trading in the red to start the new week. On Sunday, BTC/USD hit an intraday high of $25,135.59, however the world’s largest token slipped to a bottom of $23,960.03 today. ....

In a week of turbulence, cryptocurrencies maintain this sentiment into the weekend, with both bitcoin and ethereum moving lower. Bitcoin once again slipped below $17,000 on Saturday, as it was reported that a hack on FTX had taken place. Ethereum also moved lower today, as the token remained below $1,300. Bitcoin Bitcoin (BTC) was back below $17,000 to start the weekend, as markets reacted to the latest news surrounding FTX. It was reported that FTX had suffered a hack, which saw $600 million withdrawn from the collapsing platform. In a week which has been dominated with FTX related news,....