Ethereum Price Technical Analysis – ETH/USD Steady Downtrend
Ethereum price yesterday’s recovery attempt failed against the US Dollar and BTC. Going forward, ETH/USD may decline further towards $7.35. Key Highlights. ETH price failed to hold the minor corrective trend yesterday against the US Dollar and moved down. Yesterday’s highlighted tiny bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken at $7.58 to initiate a downtrend. The pair is currently under a bearish pressure, and may soon head lower towards $7.35. Ethereum Price Decline. There was a minor correction yesterday in ETH price versus the US Dollar.....
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Ethereum Price Key Highlights. Ethereum price has broken above a short-term descending trend line and has been on a steady climb, but it is encountering a bit of resistance at an area of interest. This lines up with the Fib levels and a former consolidation area, which suggests that plenty of limit orders are located there. Ethereum price is still deciding where to go from here, as a selloff could bring it back to the previous lows while an upside breakout could confirm the bull run. Rally Overdone? Technical indicators seem to be suggesting that the rally is overdone, as RSI and....
After a sharp spike off a support level, litecoin price is still exhibiting a steady downtrend and is testing the moving average on its 1-hour time frame from Bitfinex. If the short-term MA (red) continues to hold, price could retest its former lows and perhaps make new ones. Technical indicators on the same time frame confirm that the cryptocurrency is set to weaken in the short term. The shorter-term EMA (red) is moving below the longer-term EMA (green), confirming the presence of bearish pressure. In addition, the moving averages are edging further apart, which means that the selling....
Ethereum Price Key Highlights. Ethereum's price has been in a steady downtrend against Bitcoin, as the latter has enjoyed tremendous buying pressure in the past few weeks. A descending trend line can be drawn to connect the latest highs of Ethereum price action, and the Fibonacci levels on the latest swing high and low are near this falling resistance area. Ethereum's price might be ready to resume its selloff after pulling up to the Fibonacci retracement levels on the short-term time frames. Confluence Around 0.002 BTC. The 0.002 BTC level looks like a prime resistance area where plenty....
Ethereum classic price remained in a downtrend versus BTC, and it looks like there is a lot of risk at the moment for more losses in ETC. Key Highlights. Ethereum classic continued to face selling pressure versus Bitcoin and may trade further down. There is a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is acting as a resistance. A break below 0.0030BTC may push the price towards the last swing low of 0.0026BTC. Ethereum Classic Price Resistance. Ethereum classic price ETC struggle continues, as it failed to find buyers versus Bitcoin. There is a....
Ethereum Price Key Highlights. The downtrend on ethereum price action appears to be slowing down, as bears don't seem to be too eager to take it down to new lows. After breaking below the earlier triangle consolidation pattern, ethereum price seems to be losing momentum and might be in for a short squeeze around the recent levels. Ethereum price might need to make a correction from its recent drop in order to draw more sellers to push for new lows. RSI Bullish Divergence. Technical indicators appear to be showing that a rally is about to take place, as RSI is reflecting downtrend....