TA: Ethereum Tops Near Key Juncture, Why Bulls Could Struggle
Ethereum failed to clear a major hurdle near $3,165 against the US Dollar. ETH price is declining and it remains at a risk of a move below $2,800. Ethereum started an upside correction above $3,000, but it failed near $3,165. The price is now trading below $3,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,030 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline if it breaks the $2,900 support zone in the near term. Ethereum Price Is Trimming Gains Ethereum started a fresh increase from the....
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Ethereum started a major decline from well above $4,000 against the US Dollar. ETH price is now correcting losses from $3,500, but it could struggle near $4,050 and $4,100. Ethereum topped near the $4,375 before staring a downside correction. The price declined heavily below $4,000 and the 100 hourly simple moving average. There was a […]
Cardano (ADA) prices show that the bulls are trying to overpower the market to diminish the bearish trend. ADA prices have been lingering steadily at $0.5, and a rejection strung at $0.628. More so, there has been a marked price decline of 7% in the market seen the previous days as the bearish trend takes over. The current market trading level is now at $0.524, which is pivotal as there seems to be a power struggle between the bulls and the bears. Suggested Reading | Avalanche Crumbles More Than 16% As Crypto Landslide Continues Support At $0.50; Bulls Try To Up Market Prices Support....
Ethereum price recovered against the US Dollar intraday, but it remains at a risk of more losses as long as it is below the 100 hourly SMA. Key Highlights. Ethereum price managed to correct a few points against the US dollar and traded above the $10.00 level. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance for an upside move. The price may continue to struggle in the short term as long as it is below the trend line resistance. Ethereum Price Sell? Yesterday, I highlighted a couple of trend lines and resistances,....
Bitcoin price extended its decline below the $33,500 support against the US Dollar. BTC is now consolidating above $32,200, below which it could accelerate lower. Bitcoin started a fresh decline below the $33,500 and $33,200 support levels. The price is now trading below the $33,000 support and the 100 hourly simple moving average. There is […]
Ethereum traded above the $450 resistance, but it is struggle near $480 against the US Dollar. ETH price is correcting gains, but it is likely to find strong bids near $440. ETH price traded to a new multi-month high near $478 against the US Dollar. The price is currently correcting lower below $465, but it […]