Ethereum Price Weakens—Can Bulls Prevent a Major Breakdown?
Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses. Ethereum struggled to continue higher above the $2,000 resistance level. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,820 and $1,880 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and started....
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Ethereum classic price managed to correct higher recently, but remained below a major resistance area, which poses a risk of losses in ETC. Key Highlights. Ethereum classic price managed to recover a few points against Bitcoin, but may fail to sustain gains. There is a support trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may be cleared by sellers moving ahead. A break below the trend line support may ignite a breakdown in ETC/BTC in the short term. Ethereum Classic Price Support. Ethereum classic price ETC after trading as low as 0.0025BTC versus the BTC....
Ethereum price after a lot of struggle finally established a support, and may trade higher once again if the bulls gain control. Key Highlights. Ethereum price after heavy losses this past week against the US Dollar found support below $10.00 and started recovering. There is a major support trend line formed on the daily chart (data feed via Kraken) of ETH/USD, which is acting as a barrier for the bears. As long as the price is above the trend line support, there is a chance of more gains in the near term. Ethereum Price Support. Ethereum price ETH after a downside move against the US....
Ethereum has been closely tracking Bitcoin’s price action over the past couple of weeks, which has opened the gates for it to see some serious weakness Where it trends in the mid-term will depend largely on whether or not bulls can eventually surmount $600 This has proven to be a crucial price region for ETH, and its sustained bout of trading beneath it may strike a serious blow to bulls One trader is now noting […]
Ethereum declined below $500 before the bulls appeared near $480 against the US Dollar. ETH price is correcting higher, but it is likely to face a strong resistance near $550 and the 100 hourly SMA. Ethereum started an upside correction after forming a strong support at $480. The price is facing a strong resistance near […]
Ethereum price managed to recover after heavy losses. The question now is whether recovery can continue? Can you plan to sell? Intraday Support Level can be $8.50. Intraday Resistance Level may be $11.50. Ethereum price dived sharply this past and trimmed more than 30% of gains to trade below the $10.00 support area. However, there was a major support area at $8.50-8.00, which managed to prevent any further losses. The price started a recovery and traded above the 23.6% Fib retracement level of the last drop from the $15.00 high to $8.09 low. This is a positive sign for the bulls in the....