Ethereum (ETH and ETC) Price Trends (Week of December 5th)
The price of Ether has reached a long-term resistance line, due to the pressure from the big bears. Usually, under such price conditions, a period of growth is likely. Will there be a return to $14? ETH/USD. The minimal target of the medium-term downward movement has been reached. That target is the bottom limit of the long-term flat, which has been there for almost six months. A new wave of the flat has been formed, which means that the price has two likely scenarios for future development: form a new wave of the flat upwards toward $14, or form a turn towards the decline. One of these....
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The price of Ether has slowed down in anticipation of a new surge. Will the expected growth beyond $10 take place? ETH/USD. At the moment, the price of ETH is undergoing a rebound towards the upward trend from $5.7. The structure of this correction is, as was expected, flat-like. That is indicative of the bulls’ support. It is worth noting that this rebound is approaching its end because the buy orders are being aligned into a picture, which is profitable for the big bears. A week earlier, the situation was not profitable for short-term speculation by large sellers, which led to the....
While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the term “bitcoin” have slid 72% since it scored the highest score of 100 last May to today’s score of 28.
Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and....
The long-term direction of the trend is being decided at the current level. The bulls are at the bottom limit of the flat, so the growth of Ether’s price can continue up to $13 - 14. ETH/USD. As we have predicted a week earlier, there was a rebound from the bottom limit of the long-term sideway movement, and Ether’s price has stopped at a key medium-term level of $8.3. The price has previously dropped right before this. At that moment big sellers have taken advantage of the situation and sold a large volume close to $7. After that, they started buying it back at $6. The fact that there was....
The past week waas a week of altcoin trends. Will the current trends continue, or are they going to turn about? ETH/USD. Ethereum has reached the minimal target of the medium-term correction. Trading on that level can provoke a continued fall of Ethereum’s price. Ethereum’s price is at a key level, where the downward movement can be disrupted. In case of a rebound from $12.2 followed by a return to $11, Ethereum has a chance to continue its downward trend. For an extra confimation, Ethereum’s price has to stop at the level of $11, which will display the lack of sufficient support from the....
During the first week of December, a BTC/USD pair completed at the level of $356. However, by Monday of the second week, December 7, Bitcoin sharply rose to $389. Throughout the same day, the price of Bitcoin made an attempt to reach the level of $400. The next day, December 8, Bitcoin broke the resistance levels of $400 and $410, and then reached $420. During that day, the price rose by 7%. Throughout the next three days, from December 9 to 11, the Bitcoin price began fluctuating between $405 and $420. In the evening of Friday, December 11, the price of Bitcoin rose tremendously....