Ethereum Price Technical Analysis – ETH/USD Continuing Gains
Ethereum price retained the bullish bias against the US Dollar to settle above $11.20. ETH/USD may continue to move higher in the short term. Key Highlights. ETH price remained in an uptrend against the US Dollar, and tested the $11.30 level as forecasted. Yesterday’s highlighted ascending channel pattern on the hourly chart of ETH/USD (data feed via SimpleFX) is still active and taking the price higher. The price is likely to trade further higher may be towards the $11.43 level. Ethereum Price Trend. There were continuous bids presented, which is why there were more gains towards $11.30....
Related News
Bitcoin price is reattempting a move higher but the progress is slow and both technical and sentiment analysis shows a bearish mood in the chart. Yesterday’s technical analysis concluded that the outlook for bitcoin price is bearish while it fails to break above the prevailing resistance ceiling (blue down-sloping line in the chart). Ongoing analysis is informed by the position of price in relaiton to this ceiling: if the market can successfully trade price above it, we can expect continuing advance. As long as price remains below it, we can expect another series of lower lows. Mood....
Ethereum price started a recovery from the $11.00 low against the US dollar, but it is eventually moving towards a crucial resistance area. Key Highlights. ETH price managed to correct a few points higher during the past few hours against the US Dollar. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still active on the upside to stop any further gains. The price may be recovering in the short term, but it’s hard to call the current wave as a real recovery. Ethereum Price Resistance. ETH price looks like started a recovery against the....
Bitcoin price is pushing toward its three-month resistance ceiling. Technical and sentiment analysis argue for a return to decline, and fundamental analysis shows that Bitcoin’s value is more fragile than many realize. Friday’s technical analysis concluded that the outlook for bitcoin price is bearish while price fails to break above the prevailing resistance ceiling (blue down-sloping line in the chart). Going forward, technical analysis will be informed by the position of price in relation to this ceiling: if the market can successfully trade price above it, we can expect continuing....
A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that […]
Following strong gains on Friday, bitcoin was consolidating under a key resistance level to start the weekend. Bulls opted to secure gains as price uncertainty heightened in crypto markets, which as of writing are down 1% on the day. Ethereum was also marginally lower in the session. Bitcoin After strong gains on Friday, bitcoin (BTC) was trading marginally lower on Saturday, as prices fell below a key resistance point. Following yesterday’s high of $24,294.79, which saw prices briefly breakout of the ceiling at $24,200, BTC/USD dropped to a low of $23,481.17 earlier in the day.....