Ethereum Price Technical Analysis – ETH/USD Nosedives Below $11.00
Ethereum price declined sharply as two Bitcoin exchanges in China suspended withdrawals. ETH/USD is under heavy pressure, and may decline further. Key Highlights. ETH price after initiating a break yesterday at $11.30 against the US Dollar started a downtrend. Yesterday’s highlighted bearish trend line on the hourly chart of ETH/USD (data feed via SimpleFX) acted as a barrier at $11.20 and pushed the price down. The price traded sharply lower, and also broke the last swing low at $10.80. Ethereum Price Decline Initiated. Yesterday, there were signs of a downtrend in ETH price against the....
Related News
Ethereum price registered heavy losses and even closed below the $12.00 handle against the USD. Can the price recover moving ahead? Key Highlights. Ethereum price dived sharply against the US Dollar, and one of the main reasons could be Ethereum classic price surge. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier in pushing the price down. There was a heavy bearish pressure noted on ETH/USD, which could stay here for some time. Ethereum Price Weakness. Ethereum price ETH was under a lot of bearish pressure during....
Ethereum classic price traded down further versus Bitcoin. ETC broke a major support area and now may decline further. Key Highlights. Ethereum classic price struggle to recover continued against the Bitcoin, and as it traded down further. There was an expanding triangle pattern formed on the hourly chart of ETC/BTC (data feed via Simplefx), which was broken during the recent downside break. The price is now well below the 0.00200BTC support, which may now act as a resistance. Ethereum Classic Price Support Break. Ethereum classic price was seen consolidating above the 0.00198BTC support....
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 has plummeted more than 5% in the past 24 hours to touch a low of 0.00187BTC. Currently sustaining at 0.00192BTC, Ethereum does not provide a low-risk trading opportunity to the market participants. But yes, those who would have followed our short advice in the previous Ethereum price technical analysis A Decisive Breakdown would have profited. At the current level, I am compelled to put forth points which solidify my opinion that the ETH-XBT pair is in a “no-trade” zone. I will be drawing these points from the 4-h ETH-XBT price chart taken from KRAKEN exchange. Chart Structure –....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....