TA: Ethereum Primed For Strong Recovery And Only 1 Thing is Holding it Back
Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong recovery wave if it clears the $2,700 and $2,700 resistance levels. Ethereum Price Faces Resistance Ethereum extended decline below....
Related News
Ethereum is recovering nicely above the $350 resistance zone against the US Dollar. ETH price is likely to accelerate higher if it settles above $362 and the 100 SMA (H4). ETH price started a decent recovery wave from the $310-$315 support zone against the US Dollar. The price is now trading above the $350 resistance […]
Cardano’s price is holding the $0.0950 support level and recovering higher. However, ADA must surpass $0.1020 and $0.1040 to start a fresh rally in the near term. ADA traded as high as $0.1129 before declining below the $0.1050 support against the US dollar. The price is holding the $0.0950 support, but it is well below […]
Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]
Ethereum and Bitcoin have seen mixed performance over the past few days. There was an attempted breakout a few days ago, but that failed due to weakness in legacy markets. ETH is up 0.8% in the past 24 hours, slightly outperforming Bitcoin. Ethereum is primed to move higher in the coming week or two due to on-chain and technical support, one analyst says. This rally would be in line with the introduction of the ETH2 […]
Ethereum has consolidated since hitting the $465 highs last week. It is neither up nor down in the past 24 hours. Still, analysts say that Ethereum is primed to move even higher in the weeks ahead. An analyst noted that the cryptocurrency is currently in the midst of a bullish pennant pattern, which could trigger a move above $500. Ethereum Primed to See Strong Rally Higher Ethereum has consolidated since hitting the $465 highs last […]