TA: Ethereum Consolidates Above $2,700, Here Are Chances of Downward Move

Ethereum price is consolidating gains above the $2,580 resistance. ETH could gain pace if it clears the $2,650 resistance zone. Ethereum remained in a positive zone above the $2,550 and $2,580 resistance levels. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Aims For More Upsides Ethereum price remained stable above the $2,550 pivot level....

Ethereum price is eyeing a recovery wave from $1,565 against the US Dollar. ETH could rise steadily if it settles above $1,600 and $1,620. Ethereum is attempting a recovery wave above the $1,580 level. The price is trading above $1,590 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if there is a close above $1,600 and $1,620. Ethereum Price Signals Recovery Ethereum’s price remained well-bid above the $1,565 level. ETH seems....

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,850 support zone. Ethereum Price Consolidates Ethereum price attempted another recovery wave and remained....

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....

A correction toward the upward Ethereum trend continues. How long will it last? The main trend is upward. Until Ethereum’s price fortifies at the protective level of $9 and forms a turn, the chances are that the upward trend will continue. A fortification and a turn at the level of $9 will indicate that there’s no support for the current upward movement, and, in that case, there will be a fall. However, at the level of $9.5 the structure of the downward movement can be disrupted. If Ethereum’s price fortifies and forms a turn at that mark, there will be a good probability of a continuation....