Ethereum Price Technical Analysis – ETH/USD Nosedived and Recovered

Ethereum price recovered well from the PBOC decline against the US Dollar, and now ETH/USD is looking to extend gains in the short term. Key Highlights. ETH price after a strong downside move towards the $10.25 level against the US Dollar recovered. There is a connecting bearish trend line formed on the 4-hours chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $11.20. On the downside, the $11.00 may act as a support area just above the $10.80 level. Ethereum Price Resistance. This past week, we saw some swing moves in Ethereum price against the US....

Ethereum price after nosediving towards the $11.80 level found support and currently attempting to recover in the near term. Key Highlights. ETH price collapsed yesterday against the US Dollar due to a reported EXP attack. There was a crucial bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD, which managed to protect the downside move. The price is now recovering, and may attempt to settle above the 100 hourly simple moving average. Ethereum Price Support. Yesterday, there was a reported attack, which ignited a sharp downside move in Ethereum price. The ETH/USD....

Ethereum price may make a sustained move higher. However, buyers need to take the price above $4.60-80 to gain control in the short term. Intraday Support Level may be $4.30. Intraday Resistance Level can be $4.70. Ethereum price after trading down towards the $3.30 area managed to hold the ground and currently correcting higher. It has already recovered some ground and at the moment facing a major resistance area near a bearish trend line formed on the hourly chart (data feed via Kraken). The highlighted bearish trend line may play a crucial role for Ethereum price in the near term.

Ethereum nosedived from the $370 resistance zone against the US Dollar. ETH price is currently correcting losses from $345, but it is likely to face sellers near $355. Ethereum is down over 3% from the $372 high and it even broke the $355 support. The price is currently recovering from the $345 low, but it […]

Ethereum price after trading towards $10.00-10 recovered. However, ETH/USD is now below a major resistance area of $11.00 that can be a sell zone. Ethereum price recently struggled to trade with a positive tone, and as a result, there was a downside move taking ETH/USD towards $10.00-10. The price looks like under a bearish pressure, which could result in more losses in the near future. There is a descending channel pattern formed on the hourly chart (data feed via Kraken), which is acting as a catalyst for the price. On the upside, the channel resistance area is coinciding with the 100....