Ethereum (ETH and ETC) Price Trends (Week of January 16th)
The price of Ether is undergoing a correction towards the upward trend. Ether is currently at a key resistance line, where volatility is usually most likely to grow. Ethereum. The price of ETH is at the peak of a medium-term rebound towards the upward trend from $5.8. Some bulls are placing buy orders at the projected peaks of the correction, at the sub waves, given that there is little chance for a proper rebound with the current powerful growth. That is why the price meets significant resistance at such points. As we can see, the price of Ether has stopped at that level and went flat.....
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Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and....
Bitcoin price took a dive yesterday to reach a low of around $230.85 before heading upwards again to score a high of about $240.5 at the time of writing of this analysis. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20 hour EMA (look at the below chart), we can notice that bitcoin price stopped falling at around $230, so we can see the support level rising gradually from the previous $220 level, which also proves that yesterday's drop was nothing more than an attempt at price correction following the bullish wave that started on the 16th of....
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Ethereum is approaching the moment of the truth. The price has reached the most likely peak of the correction towards the downward movement which has started in June 2016. Ethereum. About two months ago, Ethereum price has reached its long-term key line near $5.8, which can be seen as the likely peak of the correction towards the long-term upward trend. At that moment, the continuation of that long-term upward trend became possible. Today, half of that scenario has already been fulfilled. Ethereum price is at a profitable zone for the bears. That is confirmed by a flat-like movement which....
Ether’s correction towards the upward trend is nearing its end. A fortification near $10.5 is indicative of the bulls’ strength. Will the growth continue? Ethereum. The key line at $10.5 has come into play several times already. In the beginning of January, that mark was profitable for the sellers. The price has formed a flat there, which was followed by a fall. After that, a period of growth came, as well as another rebound from the $10.5 mark. After an upward break through that resistance, the price of Ether has started fortifying beyond that level. The basis for all key levels is....