TA: Ethereum Rockets to $1,700 as Bulls Take Over Crypto Market
Ethereum gained pace above the $1,600 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,700 resistance. Ethereum started a major increase and settled above the $1,600 level. The price is now trading above $1,650 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,655 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $1,700 to continue higher towards $1,735 in the near term. Ethereum Price Gains Momentum Ethereum formed a base and started a major increase above....
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Ethereum’s price action has been incredibly lackluster compared to that seen by Bitcoin and the rest of the crypto market. While BTC pushes up towards fresh yearly highs of $13,000, the rest of the crypto market has remained fairly stagnant. In particular, ETH has only seen tempered gains and remains well below its 2020 highs […]
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The Ethereum treasury company founded by Wall Street analyst Tom Lee is now underwater by more than $6.3 billion. Related Reading: Countdown To Clarity: Key US Crypto Bill Nears May Approval: CEO Bitmine paid an average price above $3,600 per ETH across its holdings, while Ethereum currently trades around $2,300 — a gap that has […]
Ethereum price started a major increase above the $2,150 zone. ETH is now showing positive signs and might aim for more gains above $2,250. Ethereum started a steady upward move above the $2,150 zone. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,250 zone. Ethereum Price Rallies Over 8% Ethereum price extended its recovery wave after it cleared the $2,050 zone, like Bitcoin. ETH....