Ethereum Price Technical Analysis – ETH/USD Consolidation Initiated
Ethereum price upside move stalled near $13.20 against the US Dollar, and the ETH/USD pair is now consolidating and preparing for the next move. Key Highlights. ETH price after finding resistance near $13.22 against the US Dollar started a consolidation phase. It looks like a contracting triangle pattern is formed on the hourly chart of ETH/USD (data feed via SimpleFX) with support at $12.50. The pair might test the $12.50-40 support area before making an attempt to move higher once again. Ethereum Price Breakout Pattern. Yesterday’s upside move in ETH price came to a halt near $3.20....
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Ethereum price after trading a few points above $11.20 struggled against the US Dollar, and now ETH/USD has started a correction wave. Key Highlights. ETH price after a nice upside move against the US Dollar found resistance near $11.22, and started a correction. There is a descending channel pattern formed on the hourly chart of ETH/USD (data feed via SimpleFX), which is acting as a downside move catalyst. The price may dip towards $10.90 before gaining bids once again for an upside move. Ethereum Price Trend. There was a nice uptrend initiated in ETH price against the US Dollar, as there....
Ethereum Price Key Highlights. Ethereum price is still slowly climbing, transitioning into a rising wedge formation from an earlier ascending channel. Price bounced off the mid-channel area of interest as predicted in an earlier article, reflecting increased bullish pressure. With the consolidation getting tighter and ethereum price approaching the peak of the wedge, a breakout in either direction is imminent. Waiting for Bitcoin Breakout? Bitcoin is also stuck in a consolidation pattern, as traders are probably on the lookout for more catalysts. This has kept ethereum price in....
Ethereum price failed to gain momentum against the US Dollar, and failed near $7.20. More losses are likely in ETH/USD moving ahead? Key Highlights. ETH price started a correction wave yesterday against the US Dollar, but it looks it failed to gain traction. There is a new minor bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance. The price is back trading near the last swing low of $6.87, and remains at risk. Ethereum Price Decline. Yesterday, there was a correction wave initiated in ETH price against the US Dollar.....
Ethereum price hit the final sell target of $8.00. Moving ahead, it is wise to wait for the next move as there may be a minor consolidation underway. Ethereum price ETH moved just as forecasted in my yesterday’s post in which I stated that there is a chance of the price moving down close to the $8.00 level. There was a downside thrust, and ETH/USD formed a yet another weekly low below $8.00. However, the bears need to be very careful in the short term, as there is a possibility that ETH may move in a range for a few hours before deciding the next move. I prefer not to trade when the market....
Ethereum classic price remained under the bearish pressure, and the downside pressure initiated yesterday got more traction intraday. Key Highlights. Ethereum classic price extended its downside move, which was initiated yesterday against the Bitcoin. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Simplefx) of ETC/BTC, acting as a resistance area. On the downside, the recent low of 0.00112BTC may act as a support area in the short term. Ethereum Classic Price Decline. I highlighted in yesterday’s post how a bearish trend was initiated for ETC price versus the....