Ethereum Expects to Hit $750 as Price Holds Key Technical Support

Ethereum price is currently correcting and may continue to move down. However, there is a major support on the downside, which can act as a barrier for sellers. Key Highlights. Ethereum price after trading as high as $14.75 found sellers vs the US dollar, and currently trading down. There is a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be seen as a support zone if the price moves down. $14.00-10 area holds a lot of importance for the ETH buyers, and may continue to act as a pivot zone. Ethereum Price Trend Line Support. Ethereum price ETH had....

Ethereum price managed to stay in a positive zone against the US Dollar, and it looks like we can witness a break in ETH/USD moving ahead. Key Highlights. ETH price remained above a major support area versus the US Dollar and currently positioning for a break. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still in play and may provide us the next break. On the downside, the $11.45-50 support holds the key and must prevent a downside move. Ethereum Price Support. Ethereum price ETH yesterday managed to hold the ground versus the US....

Ethereum Price Key Highlights. Ethereum price is still stuck inside its range, finding support at 0.00285 and resistance at 0.00305. Price bounced off the bottom of the range as expected and is on its way to test the top again. Ethereum price could keep moving sideways, especially if the top of the range holds as resistance and spurs another test of support. Buyers Regaining Control. Technical indicators are suggesting that a bounce is underway, with stochastic and RSI both climbing out of the oversold region to indicate a return in bullish momentum. The average directional index is moving....

Ethereum Price Key Highlights. Ethereum price has been on a downtrend on its longer-term time frames, but it looks like the tides could turn. A double bottom pattern is visible on the 4-hour chart and price is making its way up to test the neckline at 0.0040. Ethereum price could be in for a long-term uptrend if it is able to break past the neckline resistance soon. Technical Indicators In Favor Of the Bulls. The technical indicators on the 4-hour time frame support further gains in ethereum price, as the 100 SMA just crossed above the 200 SMA. This signals that the path of least....

Ethereum Price Key Highlights. Ethereum's price recently broke below a key support area, signaling that a downtrend might be underway. Before the selloff carries on, Ethereum's price is showing signs of a correction to the broken support zone. Using the Fibonacci retracement tool on the latest swing high and low shows that the 38.2% to 50% levels line up with the broken support on Ethereum price. Support Turned Resistance. If the area of interest holds as resistance, the Ethereum price could make its way back down to the previous lows at 0.0017 BTC. The 100 Simple Moving Average also....