Ethereum Price Technical Analysis – ETH/USD Range Bound

Ethereum Price Technical Analysis – ETH/USD Range Bound

Ethereum price starting trading in a range against the US Dollar, and it looks like the ETH/USD pair is preparing for the next move. Key Highlights. ETH price after a minor bullish wave against the US Dollar started trading in a range. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken recently. The highlighted range resistance is near $8.10 and range support is near $7.90. Ethereum Price Resistance. ETH price declined a few points towards the $7.85 level against the US Dollar. The price started a minor upside move, and broke a....


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Ethereum Price Key Highlights. Ethereum price appears to be creating a range on its 1-hour time frame, unable to sustain its momentum after an earlier breakout. Price found resistance at 0.00300 and support at the 0.00285 area. Ethereum price just bounced off the top of its range and may be ready to test the bottom once more. Ethereum price could continue with its sideways movement, as technical indicators aren't offering any signals for directional plays. Short-Term Profit Opportunities. With that, ethereum traders might simply go for short-term gains, buying off support and selling at....