Ethereum Price Approaches Critical Resistance: A Turning Point?
Ethereum price started a recovery wave from the $3,220 support. ETH is now recovering some losses and might rise if it clears the $3,550 resistance. Ethereum started a fresh increase above the $3,350 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,520 and $3,550 resistance levels. Ethereum Price Starts Recovery Ethereum price remained stable above $3,220 and started a....
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Ethereum (ETH) is currently facing a critical test as it approaches the key support level of $3,360. This price point has emerged as a significant marker in recent trading sessions, with market participants closely watching to see if ETH can maintain its footing or if further declines are imminent. The $3,360 level represents a crucial […]
Bitcoin continues to struggle to hold the $20,000 level even after a recovery coming out of the weekend. This decrease in price has pushed the market further into the bear market. It still trades at very critical levels which will determine the movement for the next couple of weeks. These two main points are the support that formed at $20,000 and the 200-week moving average. Bitcoin Turning Bearish? The price of bitcoin at the time of this writing is ranging towards $20,000 with drawdown. Being so dangerously close to this point is critical in the forecast for the price of bitcoin, and....
Bitcoin price is still trading within striking distance of $20,000, however, momentum could be turning toward the downside after the critical resistance was unable to be broken again. Interestingly, the first-ever cryptocurrency has found itself at a similar price as 2017, and a similar point in December. The last instance led to a substantial over […]
Ethereum recovered nicely above the $2,750 resistance zone against the US Dollar. However, ETH price must clear $3,000 for a steady increase in the coming sessions. Ethereum is up over 15% and it cleared the $2,750 resistance zone. The price is still well below the $3,000 level and the 100 hourly simple moving average. There […]
Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....