Ethereum Price Recovery Capped—Bulls Struggle Near Resistance
Ethereum price failed to clear the $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a fresh decline below the key support at $2,000. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,890 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,890 and $1,950 resistance levels to start a decent increase. Ethereum Price Faces Resistance Ethereum price started a fresh decline from the $2,020....
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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,....
Ethereum is attempting a decent recovery wave above $2,100 against the US Dollar. ETH price could gain momentum if it settles above the $2,200 resistance zone. Ethereum is slowly moving higher above the $2,100 resistance zone. The price is now trading near the $2,150 resistance and the 100 hourly simple moving average. There was a […]
Ethereum price struggle to recover against the Bitcoin and the US Dollar continues. It looks like ETH/USD may decline further in the short term. Key Highlights. ETH price attempted a minor recovery against the US Dollar and Bitcoin, but failed to gain momentum. There are a couple of bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are acting as a resistance. As long as there is no break above these trend lines, there is a chance of further declines. Ethereum Price Resistance. It looks like even a successful Ethereum 4th Hard fork was not able to....
Ethereum declined close to 20% and it tested the $1,050 zone against the US Dollar. ETH price is currently recovering, but it might struggle near $1,200 and $1,250. Ethereum declined heavily after it broke the $1,250 and $1,200 support levels. The price is now correcting losses from $1,042, but it is well below the 100 […]
Ethereum price fell sharply after testing the $7.80 resistance. It looks like a recovery in ETH/USD won’t be easy in the near term. Key Highlights. ETH price after correcting higher towards $7.80 against the US Dollar found sellers and traded lower. The downside move was prevented by a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD. The price may continue to struggle since there is a lot of selling pressure examined. Ethereum Price Support. We saw how there was a recovery in ETH price versus the US Dollar yesterday, but the price could trade higher for....