Ethereum Price Technical Analysis – ETH/USD Struggle Continues

Ethereum price failed to climb higher versus the US Dollar, which has increased a lot of bearish pressure on ETH/USD in the near term. Key Highlights. ETH price continued to struggle against the US Dollar, and every correction was sold aggressively. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a resistance and pushed the price down. The pair may be positioning for a move towards the last swing low of $11.60 in the short term. Ethereum Price Resistance. ETH price faced a lot of sellers yesterday against the US Dollar and....

Ethereum price ETH struggle to clear a monster resistance trend line continues. The buyers have to clear it in order to take the price higher. Key Highlights. ETH price failed once again to clear a major resistance area against the US Dollar, and was seen trading in a range. I highlighted a bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD this week, which is still acting as a monstrous resistance for ETH. The price attempted at least 10 times to break it, but failed to gain traction. Ethereum Price Range. Ethereum price ETH attempted to clear a bearish trend line....

ETH’s price struggles to break above key resistance as the price continues to trade in a range mimicking the price of Bitcoin.  ETH continues to struggle as price trades close to the demand zone.  The price of ETH continues to look indecisive as price trades below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  The price of Ethereum (ETH) in recent times has looked like it has lost its steam to rally against tether (USDT) as the price has remained in a range-bound movement for over weeks. Despite the uncertainty that has befallen the crypto market in recent....

Ethereum dropped below $1,300 on Thursday, as markets continued to react to the U.S. Fed’s latest decision to raise interest rates. Following speculation of a 100-basis-point hike, the Federal Reserve hiked rates by 0.75%, as it continues to struggle against rising consumer prices. Bitcoin also declined, moving close to the $18,000 level. Bitcoin Bitcoin (BTC) moved closer to $18,000 on Thursday, as markets slipped following the latest U.S. Federal Reserve policy meeting The Fed opted to increase interest rates by 75 basis points on Wednesday, with Chair Jerome Powell hinting at....

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,....