Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7...
Ethereum faced a brutal capitulation event on Sunday, plummeting over 30% in less than 24 hours as market-wide panic took hold. The dramatic sell-off was fueled by growing fears of a U.S. trade war, sending shockwaves across the crypto space and causing Bitcoin and major altcoins to drop significantly. ETH, which had been struggling to reclaim key levels, saw a sharp decline, shaking investor confidence and raising concerns about its long-term trend. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means Top analyst Ali Martinez shared a....
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Ethereum’s price is moving up in a flat-like dynamic. It is now close to a medium-term resistance line, where the upward trend could be switched to a downward one. Will the long-term growth continue? As long as the structure of the current trend is not disrupted, the current growth will continue right until the medium-term level of $13.7. The future movement’s cycle will probably be decided at that point. If the downward correction continues below $10, there will be a rebound from the medium-term level of $13, where the diagonal channel and the Fibonacci level 23 intersect. Otherwise, if....
Bitcoin Price has risen to long-term support from Sunday's lows in what appears to be an impulsive wave structure. There is no conclusive evidence that advance has begun and the trading survivalist's best tactic at this time is to be patiently safe rather than sorry and out-of-pocket. Bitcoin Price Analysis. Time of analysis: 13h00 UTC. Bitstamp 15-Minute Chart. The 15-minute Bitstamp chart shows the past week's price action in detail. Yesterday (Sunday) price had dropped through long-term support (solid red trendline) and crisscrossed the level of the April 2013 high at $261. Today's....
As was predicted, Ethereum’s price has bounced off the long-term resistance line. If the structure of that movement holds, a turn to growth is likely to happen. Will there be a turn to growth? After fortifying near the top resistance of $7.5 and forming a turn to growth, the short-term structure of the downward trend was disrupted, which caused a turnabout. Such movement indicates that the bulls are holding the advantage, hence the trend is likely to go up. It’s important to monitor the structure of this short-term increase. If a turn forms at the level of $7.3, the trend has a good chance....
The cryptocurrency market is trending bearish on the short-term, keeping Bitcoin and Ethereum prices at bay after an enormous Q1 2021 rally. But there is no telling if the bull market is officially over, or if a bounce could materialize into a larger recovery. An ascending triangle pattern and long-term trend line could provide a clue as to what might happen next, and it just so happens to match a pattern from the last cycle that took Ether to its bull market peak. The Ethereum Fractal That Could Keep The Bull Run Climbing Ethereum’s recent local top set back in April around $4,400....
Ethereum price failed to make any major move versus the US Dollar, and remained in a range to post no new low or high. Key Highlights. ETH price remained in a range, and there was no major move against the US Dollar. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The price remains at a risk of a break in the short term if the buyers keep failing. Ethereum Price Range. Ethereum price recently traded near $11.91 where sellers appeared and pushed the price down versus the US Dollar. The ETH/USD pair is....