Ethereum Price Action Suggests A Firm Case For Drop Towards $310

Ethereum Price Key Highlights. Ethereum price seems to be recovering from its earlier drop, as it is trying to establish a new uptrend visible on its 1-hour time frame. Price is moving slowly inside an ascending channel and is currently testing support. Ethereum price might be able to sustain its short-term climb, with technical indicators and candlestick patterns suggesting a bounce. Bullish Divergence Seen. Stochastic has made a shallow bullish divergence, with price forming lower lows and the oscillator drawing higher lows. This indicator is heading higher, which suggests that ethereum....

Ethereum has undergone a strong rally over the past few weeks, moving higher with Bitcoin. But key market data suggests that the case for upside will be limited for the time being. For one, there are “monstrous sell walls” on Coinbase for the Ethereum chart. These walls should limit upside for the time being. Ethereum Market Data Suggests Price Could Drop Ethereum has undergone a strong rally over the past few weeks, moving higher with […]

Ethereum price settled below the $1,565 support zone against the US dollar. ETH is accelerating lower and might drop toward the $1,440 support. Ethereum is gaining pace below the $1,550 support zone. The price is trading just below $1,565 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,565 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at risk of more downsides toward the $1,440 support. Ethereum Price Turns At Risk Ethereum started a fresh decline and settled below the $1,600 pivot level. ETH....

The Ethereum open interest has been on an upward trajectory that has culminated in it crossing the $5.2 billion mark. This surge is important to Ethereum’s native token ETH in a number of ways as it could point to how investors are viewing the cryptocurrency at this point. Ethereum Open Interest Sees Rapid Rise Data from Coinglass shows that the Ethereum open interest has risen rapidly in recent times. Over the last week, the open interest has grown, eventually crossing $5.2 billion at a time when the crypto market continues to struggle to loosen the grip of bears. Related Reading:....

Ethereum price retained the bullish bias after a minor correction, and the current price action in ETH suggests more gains in the short term. Key Highlights. Ethereum price started to move higher once again vs the US dollar, and it looks like my yesterday’s idea of a test $20.0 is possible. There is now a channel pattern forming on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a catalyst for the upside move. If the current momentum continues, there is a chance of an upside move towards $20.00. Ethereum Price Upside Move. Ethereum price ETH after trading towards the....