Ether Price Analysis: Bullish Outlook Continues As Resistance Levels Hold
As Bitcoin continues its bull run, the top alts by market capitalization have also made strides of their own. Ripple shot to new all-time highs (ATHs) this week and Litecoin has now activated SegWit, a block size and scalability protocol change. Litecoin will continue to receive further protocol upgrades made possible through SegWit activation. Ethereum....
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Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021. The crypto market experienced another day of pain on May 12 as the fallout from the Terra's LUNA and UST failure continues to ripple across the ecosystem.While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited the market. Data from Cointelegraph Markets Pro and TradingView shows that the past seven days of....
SOL price continues to trend downwards as price remains bearish with price trading on key support. SOL trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of SOL needs to break and hold above the key resistance of $45 to resume bullish price movement. The price of Solana (SOL) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $35 against tether (USDT). The previous weeks saw the crypto market cap as good as Bitcoin (BTC) prices and other crypto assets. Still, the price of Solana....
Ethereum price has rallied yet again in the last 24 hours. ETH has demonstrated an 8% jump over the past day. This has made the altcoin break past a few trading levels and now flipped them into support lines. The altcoin was quite bullish at the time of writing. In just one week, the coin gained more than 20%, turning the price action bullish. The technical outlook of Ethereum was also leaned towards the bulls as demand for the altcoin turned heavily positive at the time of writing. As a result, buying strength also turned optimistic at the time of writing. Ethereum can target the $1,700....
BTC price at press time: US$276. Last week’s price alert began with: “The RSI became overbought and it now correcting that condition. The price is testing support levels now and needs to hold. Nevertheless, RSI is on a buy signal. Right now, 50-55 looks like the support area in RSI. The Money Flow Index is also on a buy signal and in bullish territory. OBV has begun picking up slightly but is not convincing; it is not at the pace one would expect with the rise in price. It would be good to see volume confirm price. A line of resistance has been drawn through the OBV chart and it still has....
Monero price has been bullish despite the broader market trends. Over the last 24 hours, XMR has continued moving up on its chart. It gained close to 4%. In the past week, Monero price gained significantly as there was a 9% appreciation on the altcoin’s chart. The technical outlook for the coin was bullish on the one-day chart. Monero has experienced low buying pressure over the past few days. The technical indicator now displayed that buying strength was recovering on the charts, which meant that XMR could be headed close to its next resistance mark. With increased demand, XMR could....