TA: Ethereum Faces Hurdles, Here’s What Could Trigger Strong Recovery
Ethereum extended its decline and traded close to the $1,700 zone against the US Dollar. ETH price is recovering, but it is facing a strong resistance near $2,200. Ethereum extended its decline below the $2,000 and $1,800 support levels. The price is well below the $2,500 level and the 100 hourly simple moving average. There […]
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Ethereum started an upside correction from the $1,865 zone against the US Dollar. ETH price climbed above $2,000, but it is facing a strong resistance near $2,050. Ethereum tested the $1,865 zone before it started a decent recovery wave. The price is still trading well below the $2,050 resistance and the 100 hourly simple moving […]
Ethereum dived towards the $1,700 level before it started a strong recovery against the US Dollar. ETH price is back above $2,000, but it is likely to face hurdles near $2,060. Ethereum extended its decline below $1,800 before it started a steady recovery. The price is still trading below $2,100 and the 100 hourly simple […]
Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420. Ethereum started an upside correction from the $3,240 support zone. The price is trading below $3,420 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,420 and $3,450 resistance levels to continue higher. Ethereum Price Eyes Recovery Ethereum price extended losses and traded below the $3,350 zone. ETH even tested the....
Ethereum declined towards the $530 zone before recovering above $550 against the US Dollar. ETH price is now facing a strong resistance near the $580 level and the 100 hourly SMA. Ethereum started a strong recovery wave above the $550 and $565 resistance levels. The price is now facing hurdles near the $580 level and […]
Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]