Ethereum Price Uptrend To Continue? These Could Be The Factors To Watch
Ethereum price is slowly moving higher toward the $1,850 resistance against the US dollar. ETH must clear $1,820 and $1,850 to continue higher. Ethereum is still facing a major hurdle near the $1,850 zone. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support near $1,790 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,820 resistance. Ethereum Price Eyes Fresh Increase Ethereum remained in a range below the $1,850 resistance. There was a minor decline, but....
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The Litecoin price continued to tail Bitcoin in its time of uptrend, and retested new higher highs - near 1.98 - during the 3/3 trading session. In later hours, the price went through a routine correction, and got dumped to as low as 1.92. This was the same time Bitcoin attempted a readjustment and fell to 276 from the intraday high 294. And now as the locomotive attempts yet another bounce back, its bogie Litecoin is doing something similar in the USD markets. As you can see the technical indicators in the 4H OKCOIN chart above, the Litecoin price is comfortably trending in a bullish....
Ethereum Price Key Highlights. Ethereum price had been on a downtrend but is now forming a reversal pattern, signaling that an uptrend might be in the cards. Price still has to test the neckline at the 0.00230 level and make an upside break before confirming the potential rally. Ethereum price seems to be exhausted from its recent selloff, creating a double bottom after failing to break below the 0.00180 area. Bitcoin Price Weakness. Ethereum price took advantage of the bitcoin selloff that took place during the FOMC statement, as the Fed's decision to hike interest rates spurred demand....
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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 remained in an uptrend this past week against the US Dollar and Bitcoin, and ETH/USD may continue to trade higher. Key Highlights. ETH price maintained its bullish bias against the US Dollar and closed above the $9.60 level. There was a break above a bearish trend line formed on the daily chart (data feed via SimpleFX) of ETH/USD, which earlier opened the gates for more gains. The price is also well above the 100-day simple moving average, which is a positive sign. Ethereum Price Upside Move. There was a slow and steady increase in Ehereum price against the US Dollar, as the....