Ethereum Price Pulls Back: ETH Gains Under Pressure
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the $3,350 support. Ethereum Price Retreats From $3,500 Ethereum price started a downside correction from the $3,500....
Related News
Ethereum Price Key Highlights. Ethereum price completed its correction as predicted in the previous article, bouncing off the 0.00260 area and heading back to its recent highs near 0.00290. A few technical indicators are suggesting that the climb could continue so the Fibonacci extension levels might serve as the next targets. Ethereum price is currently testing its previous highs but might be in for more gains past the 0.00300 handle if buying pressure is sustained. More Gains Possible? RSI is on the move up, which indicates that bulls are charging and might be strong enough to push....
Ethereum price after an upside move faced sellers near $10.58 against the US Dollar, and it looks like ETH/USD is back under a minor bearish pressure. Key Highlights. ETH price seems to be struggling near the $10.58-10.60 levels against the US Dollar. Yesterday’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) continued to act as a barrier near $10.56. The price is now moving back down, and may find support near the 100 hourly simple moving average at $10.35. Ethereum Price Support. We saw yesterday how there was a nice upside move in....
Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....
Ethereum price mostly traded lower this past week against the US Dollar, but the ETH/USD pair may still gain pace for another upside move. Key Highlights. ETH price remained under a bearish pressure this past week against the US Dollar and traded below $10.00. There is a tiny connecting bullish trend line formed on the daily chart (data feed via SimpleFX) of ETH/USD, which is currently holding the downtrend. The price needs to close above the 100-day simple moving average in order to gain control. Ethereum Price Support. This past week, we saw how Ethereum price struggled to hold gains....
Ethereum can be seen trading with a bearish bias below 0.0021BTC as bitcoin arrests its decline and aims for a bounce-back. Further strengthening of bitcoin will result in more pain for the Ethereum longs. Ethereum is currently at 0.00204BTC. Image. Let us conduct technical analysis on the 4-H ETH-XBT price chart to predict the future movements in the pair. Chart Structure - If we look at the last 10 candles, it can be seen that Ethereum has been trading in a narrow range of 0.0020-0.0021BTC. The consolidation may continue for the next 48 hours, but a breakout might occur by the end of the....