Ethereum Holds Strong For Over A Year: Monthly Close Below This Level Could B...
Ethereum has struggled to gain momentum, remaining stuck below critical resistance for over a year. Despite multiple attempts, the second-largest cryptocurrency by market capitalization has been unable to break through key technical levels since the beginning of this year. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order Ethereum’s price action over the past two weeks has shown more weakness. An interesting analysis from analyst Tony “The Bull” Severino shows that the cryptocurrency recently failed to break above a resistance indicator....
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Bitcoin has seen a strong upsurge throughout the past few hours that allowed it to break above its previous $13,800 resistance level The selling pressure here has proven to be significant on multiple occasions throughout the past year, and today’s break above this level is extremely bullish One trader is now noting that the cryptocurrency is about to see its highest monthly close ever if it can hold above $13,863 A strong break above this […]
Ethereum started a strong increase and broke the $600 resistance against the US Dollar. ETH price is up over 4% and it could even surge above $625. Ethereum remained in a positive zone and climbed above the $600 resistance level. The price traded close to the $620 level (as discussed yesterday) and settled above the […]
Today is September 30, and while for most all it does is mark the last day of the month, for Bitcoin, it marks an incredibly critical monthly candle close. The first-ever cryptocurrency is retesting an important resistance level turned support on monthly timeframes, and holding strong could be a confirmation of a breakout from the […]
Ethereum declined towards the $530 zone before recovering above $550 against the US Dollar. ETH price is now facing a strong resistance near the $580 level and the 100 hourly SMA. Ethereum started a strong recovery wave above the $550 and $565 resistance levels. The price is now facing hurdles near the $580 level and […]
Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the TradingView....