TA: Ethereum is About to See “Liftoff” if It’s Able to Hold One Crucial Level
Ethereum is holding gains and rising towards $1,600 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum remained stable above the $1,520 and $1,500 support levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a crucial rising channel forming with support near $1,535 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,520 and $1,500 support levels. Ethereum Price Eyes Upside Break Ethereum corrected lower below the $1,550....
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Ethereum is consolidating above the $3,320 support against the US Dollar. ETH price must clear $3,450 to start a fresh increase in the near term. Ethereum is holding gains above the $3,320 support zone. The price is now trading above $3,320 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,435 and $3,450 resistance levels. Ethereum Price Eyes More Gains Ethereum started a minor downside correction from the $3,480....
Ethereum started a steady increase above $3,250 and $3,300 against the US Dollar. ETH price is now struggling to gain strength above $3,400 and $3,450. Ethereum started a downside correction after it faced sellers near the $3,500 zone. The price is now trading above $3,200 and the 100 hourly simple moving average. There was a break above a declining channel with resistance near $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,275 support. Ethereum Price Gains Pace Ethereum gained strength for a move above....
Ethereum gained pace above the $4,250 resistance zone against the US Dollar. ETH must stay above $4,150 to accelerate higher in the near term. Ethereum started a recovery wave above the $4,000 and $4,250 resistance levels. The price is now trading above $4,150 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it stays above $4,150 and the 100 hourly SMA. Ethereum Price Gains Momentum Ethereum found support near $3,350 and started....
Ethereum is holding gains above the $3,100 support zone against the US Dollar. ETH price could accelerate further higher if it clears the $3,330 resistance zone. Ethereum started a fresh increase and it even spiked above the $3,300 level. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless it declines below the $3,120 support zone. Ethereum Price Remains Elevated Ethereum remained stable above....
Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside technical analysts. Grayscale Investments recently revealed that it has accumulated 2% of […]