TA: Ethereum Starts Recovery, Why The Bears Remain In Control
Ethereum extended decline below the $2,800 support against the US Dollar. ETH price is correcting losses, but upsides might be limited above $2,800. Ethereum started a major decline below the $2,880 support level. The price is now trading below $2,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but the bears might remain active near $2,800 and $2,880. Ethereum Price Extends Decline Ethereum failed to stay above the $2,880 support zone....
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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 […]
The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to remain calm throughout most of the downswing. The consistent push by the bears have caused the altcoin to experience less to almost no recovery. The technical of the coin also pointed towards further fall in price before Ethereum starts to rise on the chart again. In the recent developmental front, the altcoin has....
Ethereum is likely forming a strong support base above $1,580 against the US Dollar. ETH price could recover further, but it could face a strong resistance near $1,650. Ethereum remained strong above $1,550 and started a decent recovery. The price is still well below the $1,650 resistance and the 100 hourly simple moving average. There […]
Ethereum price struggled this past week. If ETH/USD bears remain in control a break of $9.60 support area is possible in the near term. Ethereum price declined continuously this past week and every time the bulls attempted to take ETHUSD higher there were offers on the upside. It looks like ETH bears are in control and if the bulls fail to step up the momentum, there are chances of more declines. There is a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken), which prevented the upside move on more than two occasions. The most important point is that the....
Ethereum is on an obvious bull path given its performance in the last couple of weeks. The digital asset took a turn for the better more than a month after the Merge was completed and accumulation among investors was already in full swing. ETH’s price eventually surpassed $1,600 before encountering rejection and dropping down below. Ethereum Needs To Hold $1,500 Now that the digital asset has been beaten down back below $1,600, support has moved lower. $1,500 is currently serving as the support level for Ethereum at this point. This now makes it the level to hold for bulls and the level....