Ethereum Price Drops Hard – $4,000 Now Crucial Line Between Bulls and Bears
Ethereum price started a fresh decline below $4,250. ETH is now consolidating and might decline further if it breaks the $4,120 support zone. Ethereum failed to extend gains and declined below the $4,250 zone. The price is trading below $4,280 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,250 and $4,320. Ethereum Price Dips Sharply Ethereum price failed to continue higher above the $4,550 zone and started a fresh....
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Ethereum (ETH) is down 20% in the last week and triggering a negative sentiment in the market. Ethereum stalls and fails to make a comeback in the last week ETH flunks at reclaiming $2,000 level Ethereum RSI indicates a bearish stance Additionally, Ethereum also didn’t make it to the $2,000 mark. The bears are trying to yank ETH price down and pin down the bulls. Only the daily chart, there is a formation of a rising wedge pattern indicating that a bearish movement could drag on. The bulls are looking to stave off a decline shooting below the $1,700-$1,800 levels.....
In my Friday's analysis post, Drops, But Still Near Highs!, I had mentioned that bulls were challenging a key resistance level of $1.865 and may eventually take the price higher to north of $2.000. But, they were overwhelmed by the strong selling pressure over the weekend and Litecoin's moments of glory came to an abrupt end! As bears hammered bulls, Litecoin lost 9.82% over the weekend to trade at $1.670. The 240-minute LTC/USD price chart reveals that the cryptocurrency is now considerably near the crucial support zone, below which we may witness a flash crash. Litecoin Chart Structure -....
Ethereum’s price is stuck between two key resistance lines. Both bears and bulls are having doubts about possible scenarios for the nearest future. ETH/USD. At the moment, the entire situation on Ethereum can be characterized as 100% uncertain. For more than a week the price has been drifting around $13. Such behaviour indicates that neither bears nor bulls can find a possible trend. On the other hand, the lack of bears can be good news. Subsequently, because of that, the price is likely to fortify soon. Ethereum’s price is being traded between two key levels of $14.2 and $11.5. The $14.2....
Ethereum price had a good week against the US Dollar. Going forward, we need to see whether it can continue to gain pace or correct lower. Key Highlights. Ethereum price surged higher this past week against the US Dollar, as the Hard Fork aftermath was a success. There is a bullish trend line formed on the daily chart (data feed via Kraken) of ETH/USD, which acted as a support on many occasions. Currently, the ETH/USD pair is currently facing as a major resistance around the $15.00 level. Ethereum Price Resistance. Ethereum price ETH gained heavily this past week against the US Dollar and....
Ethereum price struggled this past week. If ETH/USD bears remain in control a break of $9.60 support area is possible in the near term. Ethereum price declined continuously this past week and every time the bulls attempted to take ETHUSD higher there were offers on the upside. It looks like ETH bears are in control and if the bulls fail to step up the momentum, there are chances of more declines. There is a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken), which prevented the upside move on more than two occasions. The most important point is that the....