Ethereum Could See A 15% Drop This Week – A Retreat To The $1,000 Support?
Ethereum is having a good week, staying in the green zone of the crypto space for the past seven days and raising its price by 3.7%. Ethereum is currently caught in an inverted pennant pattern A resumption of the bearish trend is highly possible for the altcoin $1,130 might be new support marker for Ethereum The second largest cryptocurrency by market capitalization is currently trading at $1,324 according to Coingfecko at the time of this writing while its 24-hour trading volume stands at a little over $5 billion. But the widely recognized king of all altcoins and its investors should....
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Like Bitcoin, Ethereum was pushing higher from last week’s lows, at least until the past few hours. In the span of about 30 minutes earlier today, the leading cryptocurrency dropped from $355 or so to $344, marking a small yet notable drop. This weakness and continued inability to surmount the resistances at $365-375 in the near term is sparking fears of a deeper drop. Ethereum Drop Triggers Fears of a Steeper Correction Michael Van De […]
Ethereum has faced a drop since the $465 highs it reached last week when Bitcoin broke toward $16,000. ETH trades for $445 as of this article’s writing. Still, analysts remain confident in the cryptocurrency despite the recent price weakness. This is due to a confluence of both technical and fundamental signals for the second-largest crypto-asset by market capitalization. Ethereum Could Push Toward $500 Ethereum has faced a drop since the $465 highs it reached last […]
The current Ethereum price analysis is bearish due to multiple instances over the previous day of rejection for additional upward. As a result, we anticipate ETH/USD to drop below $1,900 and then retest $1,800 as support. Ethereum Rejects Upside Since reaching a daily high of $2012, Ethereum has corrected by 6.6%. The price range between $1700 and $1800 is the crucial support level, and it is crucial for ETH to maintain above it to stop any further falls. Technically speaking, Ethereum is advancing inside a rising wedge (in yellow), which is a bearish trend. The trade volume on Binance is....
Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]
Ethereum Price Key Highlights. Ethereum price seems to be on the verge of a reversal after breaking above a short-term descending trend line last week. A complex inverse head and shoulders pattern has formed on the 1-hour time frame, indicating that an uptrend is in the cards. Ethereum price appears to have broken above the neckline of the inverse head and shoulders formation, confirming that more gains are likely. Upward moving averages crossover. Price moved past the 0.00220BTC level and has since pulled back to the broken neckline, which might now hold as support. The moving averages....