Ethereum Could Be in a Precarious Position as Buyers Fail to Break Key Level
Ethereum has been underperforming Bitcoin throughout the past couple of days, drifting lower while the benchmark crypto nears its 2020 highs Higher risk assets like ETH may be seeing tempered price action because investors fear the sustainability of BTC’s latest push higher If it can stabilize and see a continued bout of sideways trading, then assets like Ethereum may be able to push significantly higher One trader is noting that until $460 is flipped back […]
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Ethereum’s price has been trapped below one crucial level throughout the past few days While it has been flashing signs of strength, buyers have not been able to shatter the selling pressure that exists at $450 This is a key level that ETH bulls have been struggling to break above throughout the past few days and weeks Until this level is firmly surmounted, the crypto may remain in a somewhat precarious position Buyers and sellers […]
Etheruem Price Key Highlights. Ethereum price is struggling to clear a major resistance area around 0.00390BTC-0.0040BTC. There is a bearish trend line formed on the hourly chart, which is acting as a hurdle for buyers. The price is struggling to settle above the 100 hourly simple moving average, which is a negative sign. Ethereum price is under a bearish pressure, as buyers failed on many occasions to break a major resistance trend line. Can it be broken? The Ethereum price was seen struggling many times to break a crucial bearish trend line formed on the hourly chart. There were at least....
Ethereum price traded towards $7.00 handle against the US Dollar this past week, and it looks like there can be more decline in ETH/USD going forward. Key Highlights. Ethereum price continued to decline against the US Dollar and Bitcoin, and may extend the downside. There is a monster bearish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a hurdle for more losses. The pair may retest the $7.20 level if the ETH buyers fail to break the trend line resistance. Ethereum Price Resistance. There was a sharp decline in Ethereum price against the US....
Ethereum price spiked higher to trade above $5.50. There was a classic bullish break noted on the hourly chart calling for more upside moves. Intraday Support Level can be $5.40. Intraday Resistance Level may be $5.90. Ethereum price looks like recovered well after forming a base near the $3.30-00 support area. Buyers gained control in taking the price higher in the short term. Yesterday, I highlighted a bearish trend line on the hourly chart (data feed via Kraken), which was supposed to play a crucial role for both buyers and sellers. It looks like buyers had an upper hand in taking the....
Ethereum price showing a few positive signs. If there is a break above the $4.40-50 level, then a move towards $6.00 is possible. Major Support Level is $4.10. Major Resistance Level may be $4.50. Ethereum price moved down by more than 25% recently and dived towards the $3.20-30 support area. The price has recovered and also moved above the 100 simple moving average (H4 chart, Kraken), which is a positive sign for buyers in the short term. It looks like buyers may attempt to take the price higher in the near term. However, there are many barriers on the upside waiting for them. The first....