Ethereum Price Looks Tired – Could Upside Momentum Fade Soon?

Ethereum is currently trading around critical price levels as the market shifts into a new phase. The momentum that propelled ETH higher earlier this year has started to fade, with the asset now entering a consolidation period. While some altcoins have managed to post modest gains and Bitcoin continues to trade sideways, Ethereum’s price action […]

Ethereum price looks like broke a major resistance area. Buying dips may be favored as long as ETH/USD is above the $8.00 support area. Ethereum price after a nasty decline against the US Dollar found support near $7.50. There was a nice upside reaction once the price gained momentum, and during the upside drift the ETH/USD managed to break a bearish trend line formed on the 4-hours chart (data feed via Kraken). It is important to note that the recent bounce came from the 76.4% Fib retracement level of the last wave from the $7.00 low to $9.67 high. So, we can say that a correction phase....

Bitcoin price is still in an uptrend, as the ascending channel support on the 4-hour time frame is holding. The 100 SMA is above the 200 SMA so the path of least resistance is still to the upside. This means that bitcoin price could be able to climb back to the top of the range near the $430 level or much higher. However, if a downward crossover is seen, sellers may take over and push for a break below the channel support at $415. RSI is still on middle ground, barely providing strong directional clues for now. Stochastic is heading north so price could follow suit. This indicates that....

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it breaks the $1,265 support zone. Ethereum Price Grinds Lower Ethereum attempted a fresh increase above the $1,350....

Ethereum Price Key Highlights. Ethereum price had been trending steadily lower on long-term and short-term time frames, but an upside break from the descending trend line on the 1-hour chart suggests that a reversal might be in order. Price popped above the moving averages to a high of 0.00237BTC and has since retreated for a retest of the broken resistance. Ethereum price may be on the verge of a reversal from its earlier downtrend, indicated by the trend line breakout on a short-term chart. Sights Set on Next Resistance. If the uptrend gains traction, ethereum price could head up to the....