Ethereum Price Technical Analysis – ETH/USD Starts Bull Trend
Ethereum price moved back above the $10.40 level against the US Dollar, and it looks like ETH/USD may trade further higher towards $10.65-10.70. Key Highlights. ETH price after correcting lower against the US Dollar towards $10.30 found support, and traded higher. There is a connecting resistance trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX), which is currently acting as a resistance near $10.56. The price may break it soon for further gains in the short term towards $10.65. Ethereum Price Rising Momentum. There was a correction wave initiated yesterday in ETH....
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Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....