Ethereum Price Technical Analysis – ETH/USD Attempting Trend Change

Ethereum price struggle looks like over, and ETH/USD may be positioning for another upside ride if there is a close above 100 SMA (H4). Ethereum price after a continuous decline for around 10 days managed to find bids around the $7.00 support area. For the whole past week I suggested selling rallies or a pullback. My idea worked for the most of time. Now, I think it’s time to change the bias from bearish to bullish. There was a bearish trend line formed on the 4-hours chart (data feed via Kraken) of ETH/USD, which was cleared by the buyers recently to open the doors for more gains. The....

Ethereum price managed to bounce a couple of times from the lows and currently attempting to break a major resistance area. Key Highlights. ETH price after a couple of spikes lower against the US Dollar managed to recover. There is a new bearish trend line formed along with a support on the hourly chart (data feed via SimpleFX) of ETH/USD. A break either lower or higher is needed for the next move in ETH/USD. Ethereum Price Bearish Trend Line. Ethereum price ETH struggled during yesterday versus the US Dollar and traded lower on a few occasions. However, the ETH buyers appeared later and....

Ethereum price change in bias forecast was a success, as ETH/USD spiked higher and even broke the $10.00 resistance area. Ethereum Price – Buy near trend line support? Ethereum price ETH continued to trade higher against the US and just as I forecasted a change in trend from bearish to bullish, there were bids during the past couple of sessions. Yesterday, I mentioned that the price may even test the $10.00 level, and it did happen recently. ETH/USD broke the stated level and traded as high as $10.44. Now what? I think buying dips may be considered. There is a bullish trend line formed on....

Ethereum price traded down near $7.0 where buyers appeared. Currently, it looks like there is a chance of ETH/USD breaking higher in the short term. Ethereum price ETH made a perfect bottom near $7.0. I highlighted in yesterday’s analysis that there is a chance of ETH/USD moving down towards $7.0, which can then produce a bounce. The price did test the mentioned level and moved higher later. There was a nice upside reaction, signaling more gains in the near term. ETH/USD is currently attempting to break a bearish trend line on the hourly chart (data feed via Kraken), which is also....

Ethereum price this week past week weakened, but it looks like ETH/USD found support near an important support of $10.20-00. Key Highlights. Ethereum price after collapsing this past week vs the US Dollar started to recover. The ETH bulls are currently attempting to clear a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance. The price is now above the 100 hourly simple moving average, which is a positive sign. Ethereum Price Recovery. Ethereum price ETH started to decline this past week vs the US Dollar and traded as low as....