Ethereum Lacks Momentum Above $4,200, But Dips Likely To Be Limited
Ethereum is facing resistance near the $4,250 zone against the US Dollar. ETH must stay above $4,000 to start a steady increase in the near term. Ethereum started a recovery wave after a major drop below $4,000. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear break above $4,250 and the 100 hourly SMA. Ethereum Price Recovers Losses Ethereum started a major decline after it broke the....
Ethereum recovered above $1,700 and it even tested $1,730 against the US Dollar. ETH price is showing positive signs, but it must settle above $1,720 for a sustained upward move. Ethereum gained traction after there was a close above the $1,600 level. The price is now above the $1,650 resistance and the 100 hourly simple […]
Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH price is likely to remain stable above $1,450 and it could again climb towards $1,600. Ethereum corrected lower from $1,600 and tested the $1,450 support zone. The price is now trading just above $1,500 and the 100 hourly simple moving […]
Ethereum staged a strong increase and climbed above the $370 resistance against the US Dollar. ETH price is currently consolidating gains and it could correct lower. Ethereum started a decent increase above the $355, $365 and $370 resistance levels. The price is now well above $365 and the 100 hourly simple moving average. There is […]
Ethereum is facing resistance near the $1,350 level against the US Dollar. ETH price could continue to move lower towards $1,200 or $1,180 unless it settles above $1,350. Ethereum is struggling to gain momentum above $1,350 and $1,375. The price is now trading well below $1,350 and the 100 hourly simple moving average. There is […]
Ethereum traded to a new monthly high above $675 against the US Dollar. ETH price is currently correcting gains, but dips are likely to be limited below $630 in the near term. Ethereum gained bullish momentum after it broke the $620 resistance level. The price surged towards the $675 resistance and settled well above the […]