TA: Ethereum Gains Momentum, A Strengthening Case For More Upsides
Ethereum started a fresh increase above the $1,600 resistance against the US Dollar. ETH is gaining pace and might rise further towards the $1,650 level. Ethereum remained well supported above the $1,480 zone. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key rising channel forming with support near $1,510 on the hourly chart of ETH/USD (data feed via Kraken). The pair is eyeing more gains above the $1,620 and $1,625 resistance levels. Ethereum Price Gains Pace Ethereum attempted an upside break above the $1,605 level, but struggled. There was a....
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Ethereum gained over 5% and broke the $3,250 resistance against the US Dollar. ETH price is rising and could accelerate higher above $3,350. Ethereum started a strong increase above the $3,150 resistance. The price is now trading above $3,250 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating near $3,300 and might extend rally in the near term. Ethereum Price Eyes More Upsides Ethereum formed a base above the $3,050 support zone. ETH started another....
Ethereum price started a fresh increase above the $1,950 resistance. ETH is consolidating and might aim for a move above the $2,070 resistance. Ethereum remained stable and started a fresh increase above the $1,950 level. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $2,010 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $1,985 support. Ethereum Price Eyes More Gains After forming a base above the $1,900 level,....
Bitcoin gained bullish momentum and rallied above the $11,000 resistance against the US Dollar. BTC is consolidating gains above $11,200 and it could extend its rise to $12,000. Bitcoin started a strong increase after it cleared the $10,950 and $11,000 resistance levels. The price is now trading well above $11,200 and the 100 simple moving […]
Ethereum started a decent increase above the $2,600 resistance against the US Dollar. ETH price is gaining pace and could even rally above the $2,720 zone. Ethereum formed a base above $2,500 and started a fresh increase above $2,600. The price is now trading above $2,600 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher above the $2,720 and $2,750 levels in the near term. Ethereum Price Gains Pace Ethereum remained well bid above....
Ethereum can be seen trading with a bearish bias below 0.0021BTC as bitcoin arrests its decline and aims for a bounce-back. Further strengthening of bitcoin will result in more pain for the Ethereum longs. Ethereum is currently at 0.00204BTC. Image. Let us conduct technical analysis on the 4-H ETH-XBT price chart to predict the future movements in the pair. Chart Structure - If we look at the last 10 candles, it can be seen that Ethereum has been trading in a narrow range of 0.0020-0.0021BTC. The consolidation may continue for the next 48 hours, but a breakout might occur by the end of the....