Ethereum Price Technical Analysis – ETH/USD Failed Correction

Ethereum price was only able to correct a few points until it found sellers once again versus the US Dollar, and declined towards the last low. Key Highlights. ETH price started a correction yesterday against the US Dollar, but failed to hold the momentum. There was a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the downside reversal. The pair found offers near the 100 hourly simple moving average, and declined. Ethereum Price Hurdle. Ethereum price was seen correcting yesterday against the US Dollar, and I was hoping for it to....

Ethereum price correction phase is likely over. It looks like ETH/USD is setting up for another decline back towards the last low of $7.36. Ethereum price ETH continued to face selling pressure, as it attempted a corrective rally against the US Dollar but failed to gain momentum. ETH/USD traded higher towards the $9.00 levels, where it found a bearish trend line on the hourly chart (data feed via Kraken) that perfectly acted as a hurdle for the bulls. There was a bearish candle formed as well after a failure to break the trend line. Ether price also failed just around the 61.8% retracement....

Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....

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.....

Ethereum price is trading under a major resistance area against the US Dollar, but at the same time remained above a crucial support. Key Highlights. Ethereum price failed miserably around the $15.00 resistance against the US Dollar, and traded lower. The ETH/USD pair had a losing streak this past week, as it failed to gain momentum. There is likely a double top pattern forming on the daily chart of the ETH/USD pair, which may produce a decline in the short term. Ethereum Price Trend. Ethereum price ETH failed to trade higher this past week against the US Dollar. There was a major hurdle....