Ethereum Price Comeback in Jeopardy: Is a Pullback Coming?
Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance. Ethereum started another decline from the $2,385 resistance. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,350 resistance to continue higher in the near term. Ethereum Price Attempts Recovery Ethereum price formed a base near $2,250 and started a fresh....
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The general crypto market has experienced a strong downward movement. Ethereum is no exception to this bearish development since the digital asset has experienced a pullback below key support levels. With waning market performances hindering investors’ sentiment toward ETH, the altcoin is likely to undergo an extended pullback in the upcoming days. Bearish Forces Weigh […]
Ethereum price might be ready to resume its drop to its previous lows or much lower after correcting to an area of interest. Ethereum price had been moving inside a range between resistance near 0.00230 and support at 0.00215 before breaking to the downside. Price dipped to a low of 0.00205 before showing signs of a pullback. Using the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with the broken support, which might now hold as resistance. Ethereum price might be ready to resume its drop to its previous lows or much lower after correcting to....
Ethereum Price Key Highlights. Ethereum price has been able to sustain its downside momentum from yesterday's break below the symmetrical triangle support visible on the 1-hour chart. Price has made its way to the next support area around 0.00240BTC, which coincides with its lows last month. Ethereum price is currently under heavy selling pressure after having broken below its short-term consolidation pattern, with sellers likely to have enough energy to push for new record lows. Another pullback possible? Ethereum price made a quick bounce upon testing its record lows, signaling that a....
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....