TA: Ethereum Restarts Decline, Can Bulls Save The Day
Ethereum extended decline below the $2,600 support zone against the US Dollar. ETH price could even retest $2,445, where the bulls might appear. Ethereum remained in a bearish zone below the $2,650 support. The price is now trading below $2,600 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline if it fails to stay above $2,500 and $2,445. Ethereum Price Turns Red Ethereum started a fresh decline from well above $2,700. ETH traded below the $2,650....
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Ethereum started another decline from the $3,030 resistance against the US Dollar. ETH even spiked below $2,800 and currently attempting an upside correction. Ethereum started a major decline below the $2,950 and $2,860 support levels. The price is now trading below $2,950 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,800 support to start a decent recovery in the near term. Ethereum Price Restarts Decline Ethereum failed to gain pace for a....
Ethereum is currently fortifying at a point which is profitable for the bulls. Will there be a turn to decline? Will the bears hold the advantage? The fact that Ethereum has fortified at the level of $8.5 signifies that the bulls are holding the advantage. The $8.5 price is profitable for the bulls, but the graph clearly shows that the buyers are not taking advantage of that profit at the moment. If this keeps up and a downward turn forms, the most probable scenario will be that of the medium-term trend heading down. If, however, the bulls do manage to make use of their advantage, there....
Ethereum started a sharp decline from $3,180 against the US Dollar. ETH bulls must protect the $2,950 support to avoid a trend change in the near term. Ethereum failed to gain strength above $3,150 and started a fresh decline. The price is now trading above $3,030 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,950 support to avoid more downsides in the near term. Ethereum Price Dips Ethereum attempted a clear move above the $3,150....
Ethereum started another decline below the $3,400 support zone against the US Dollar. ETH price must stay above $3,150 to avoid more losses in the near term. Ethereum started a fresh decline from the $3,500 and $3,550 resistance levels. The price is now trading below $3,300 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could a steady increase as long as it is above the $3,150 support zone. Ethereum Price is Eyeing Decent Recovery Ethereum failed to clear the....
Ethereum saw a major rejection near the $1,420 zone against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,220 support. Ethereum started a fresh decline from the $1,420 resistance zone. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,325 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but it might face sellers near the $1,285 and $1,325 levels. Ethereum Price Dives 6% Ethereum attempted to gain bullish momentum above the....