Ethereum Price Technical Analysis – ETH/USD Near Turning Point
Ethereum price managed to hold the $10.80 support during the recent decline, and ETH/USD may now attempt to retest the last swing high. Key Highlights. ETH price after trading as high as $11.38 found resistance and moved down against the US Dollar. There was an important support trend line at $11.30 of an ascending channel on the hourly chart of ETH/USD (data feed via SimpleFX), which was broken. The price traded towards $10.80 where buyers appeared, and the price bounced back. Ethereum Price Bounces Back. We were following an ascending channel pattern on the hourly chart of ETH/USD (data....
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Ethereum price showing a lot of bearish signs. If sellers remain in action, there is a chance of more losses in ETH/USD in the near term. Ethereum price tested the last swing high of $12.12 a couple of times yesterday, but the bulls failed to break the stated level. As a result, there was a downside move, which took ETH/USD below a couple of bullish trend lines formed on the hourly chart (data feed via Kraken). ETH sellers took charge and succeeded in taking the price down against the USD. The most important aspect is that the price is now below the 100 hourly simple moving average. So, if....
The Christmas isn’t turning out to be merry for Bitcoin. The cryptocurrency is struggling near the overhead resistance of $465. It is now trading 1.28% lower at $450.89, raising concerns that the market participants might pull out their funds in the holiday season. As a result, several technical indicators are also showing declines. We advised in the previous Bitcoin price technical analysis Target Achieved that traders should book at least partial profits in their long positions. And for today’s analysis, we will again be using the 4-h BTC-USD price chart from BITSTAMP.
Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Ethereum Price Key Highlights. Ethereum price is slowly trending higher on its 1-hour chart, after having completed a pullback bounce and resuming its trend. Price is moving inside a short-term rising channel and is currently testing the resistance near the 0.00300 major psychological mark. Ethereum price could be due for a selloff back to the channel support before the ongoing climb resumes. Buyers Need a Break. Technical indicators seem to be suggesting that the recent rally is overdone, with stochastic already turning down from the overbought zone and indicating a return in bearish....
Bitcoin price is still stuck inside the triangle consolidation pattern but might be gearing up for a breakout soon. Bitcoin Price Key Highlights. Bitcoin price has formed lower highs and found support around $730, creating a descending triangle pattern. Price just bounced off support and might be ready for a test of resistance at $750-755. Technical indicators seem to be hinting that the resistance would hold, although a breakout is possible with this week’s event risks. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is still to....