Ethereum Price Technical Analysis – Can ETH/USD Gain Momentum?

Ethereum price is struggling to gain momentum, and if the trend line resistance holds, more losses are likely in the short term. Key Highlights. Ethereum price continued to face sellers against the US Dollar, and moved down intraday. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a resistance area. The price is now below the 100 hourly simple moving average, which might ignite more downsides. Ethereum Price Resistance. Ethereum price ETH attempted to trade higher on a couple of occasions versus the US Dollar yesterday,....

Ethereum price failed to gain momentum, and remained in a range. Let us see what may happen next and whether there can be any more or not. Key Highlights. ETH price remained in a small range against the US Dollar, which is now annoying for investors. There is a channel pattern formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may provide us a few moves in the near term. A break above $11.60 is needed for the next move in the ETH/USD pair. Ethereum Price Breakout Pattern. Ethereum price declined a few points yesterday against the US Dollar, as the ETH bulls failed to....

Ethereum price failed to gain momentum against the US Dollar, and failed near $7.20. More losses are likely in ETH/USD moving ahead? Key Highlights. ETH price started a correction wave yesterday against the US Dollar, but it looks it failed to gain traction. There is a new minor bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance. The price is back trading near the last swing low of $6.87, and remains at risk. Ethereum Price Decline. Yesterday, there was a correction wave initiated in ETH price against the US Dollar.....

Ethereum price remained under a lot of bearish pressure versus the USD to trade towards $9.20. Let’s see if ETH/USD can recover or not. Key Highlights. Ethereum price continued to face a lot of hurdles this past week against the US Dollar and Bitcoin. There is a monster bearish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), acting as a resistance on the upside. A break and a daily close above the $10.00 level is needed for the price to gain momentum. Ethereum Price Recovery Possible? Every time ETH price attempted a recovery this past week it faced sellers not....

Ethereum price is currently trading below a major resistance trend line. Can ETH/USD bulls break it and take the price higher. Ethereum price mostly traded in a range of $-10-12 this past week, as there was no major news event. However, the best thing, which may favor the bulls is the fact that the price closed the week above the 100 simple moving average (4-hours). There was a dip this past week towards $10.00, but bears failed to gain momentum and break the stated level. On the upside, the price struggled on a couple of occasions around the $12.00 level, as there is a bearish trend line....