Ethereum Price Holds Ground After Surge — Consolidation or Reversal?
Ethereum price started a fresh surge above the $1,750 resistance. ETH is now consolidating gains and might attempt to clear the $1,840 resistance. Ethereum started a fresh rally above the $1,750 zone. The price is trading above $1,720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,820 resistance zone. Ethereum Price Gains Momentum Ethereum price remained stable above the $1,650 level and started a fresh increase,....
Related News
Ethereum (ETH) is beginning to show signs of a potential bullish reversal, with the second-largest cryptocurrency by market cap climbing 9.1% in the past 24 hours. Alongside the price surge, Ethereum’s network activity has seen a notable uptick. Ethereum Network Activity Explodes Amid Price Rally According to a recent CryptoQuant Quicktake post by analyst Carmelo_Aleman, […]
Ethereum Price Key Highlights. Ethereum price is still struggling to pick up its pace in the downtrend, as another consolidation pattern formed on the short-term time frame. Price is stuck inside a descending triangle pattern, with sellers trying to gain enough energy to push for a downside break of support around 0.00160BTC. Ethereum price is able to carry on with its ongoing selloff, although sellers appear to be having difficulty taking it down to new lows. Potential triangle breakout. For now, ethereum price is testing the triangle support but several spikes have formed, which suggests....
Ethereum started a strong increase and broke the $600 resistance against the US Dollar. ETH price is up over 4% and it could even surge above $625. Ethereum remained in a positive zone and climbed above the $600 resistance level. The price traded close to the $620 level (as discussed yesterday) and settled above the […]
Ethereum corrected lower below $440, but it remained stable above $435 against the US Dollar. ETH price is likely to gain momentum if it clears the $460 resistance zone. Ethereum is holding the ground above the $440 and $435 support levels. The price is showing positive signs above the $440 support and the 100 hourly […]
Ethereum Price Key Highlights. Ethereum price has been on a downtrend on its longer-term time frames, but it looks like the tides could turn. A double bottom pattern is visible on the 4-hour chart and price is making its way up to test the neckline at 0.0040. Ethereum price could be in for a long-term uptrend if it is able to break past the neckline resistance soon. Technical Indicators In Favor Of the Bulls. The technical indicators on the 4-hour time frame support further gains in ethereum price, as the 100 SMA just crossed above the 200 SMA. This signals that the path of least....