Ethereum in danger of 25% crash as ETH price forms classic bearish technical ...
ETH's price risks declining further despite rebounding over 20% in the last three days. Ethereum's native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing "bear pennant" structure.ETH price to $1,500?ETH's price has been consolidating since May 11 inside a range defined by two converging trendlines. Its sideways move coincides with a drop in trading volumes, underscoring the possibility that ETH/USD is painting a bear pennant.Bear pennants are bearish continuation patterns, meaning they resolve after the price breaks below the structure's lower....
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Ethereum classic after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin? Key Highlights. Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers. There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move. The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top. Ethereum Classic Resistance. Ethereum classic price ETC was on the rise yesterday. I....
Ethereum classic price faced a lot of sellers during the past few hours, and my view of staying bearish on ETC/BTC played well. Key Highlights. Ethereum classic price moved down against the US Dollar just as I anticipated yesterday. Yesterday’s bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) played well and pushed the price down. The price is currently struggling and looks set for more losses in the near term. Ethereum Classic Price Trend Line Resistance. Ethereum classic price stayed in a bearish territory against the US Dollar, and moved down. The price traded....
Ethereum classic price faced a lot of offers recently, and the daily chart of ETC/BTC suggests more declines in the near term. Key Highlights. Ethereum classic price remained in the bearish zone against the Bitcoin, and may continue to trade lower. When we look at the daily chart of ETC/BTC (data feed via Simplefx), there is a monster bearish trend line acting as a resistance. The pair is currently trading near the recent low of 0.00150BTC, and may break it for more losses. Ethereum Classic Price Resistance. Ethereum Classic price saw a lot many bad weeks recently, as it declined....
Ethereum classic price fell once again versus the Bitcoin and it looks like ETC may remain under a bearish pressure for some time. Key Highlights. Ethereum classic price traded further lower against the Bitcoin, and tested the last low of 0.00182BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a perfect barrier for the bulls. The price is under a bearish pressure, and sellers may attempt to break the last low of 0.00182BTC. Ethereum Classic Price Downside Move. Ethereum classic price struggle to trade higher against Bitcoin....
Ethereum classic price moved down below 0.00260BTC and currently recovery. However, it remains below an important resistance of 0.0030BTC. Key Highlights. Ethereum classic price continued to weaken and formed a new low for the week against Bitcoin. This week’s highlighted connecting bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) continue to act as a barrier and preventing gains. The price may remain under a bearish pressure as long as the highlighted trend line resistance holds. Ethereum Classic Price Resistance. Ethereum classic price moved down further versus....