Ethereum Price Rebound Pauses at $1,950, Traders Eye Next Move
Ethereum price started a fresh decline below $1,865. ETH is now recovering losses from $1,800 and might struggle to recover above $1,925 or $1,950. Ethereum started a recovery wave from the $1,800 zone. The price is trading above $1,900 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,935 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $1,950 zone. Ethereum Price Attempts Recovery Ethereum price failed to stay above $1,880 and started a fresh decline, like Bitcoin. ETH....
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Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
XRP is showing signs of hesitation after a strong rebound, struggling to push past key resistance levels. The recent price action fits neatly within an Elliott Wave pattern, suggesting the market may be entering its final consolidation phase before the next major move unfolds. Market Pauses After The Storm CasiTrades, in a recent market update, explained that following last Friday’s sharp wipeout, prices managed to rebound impressively, but that momentum now appears to be losing steam. According to the analyst, such pauses are natural after strong moves. In Elliott Wave Theory (EWT), this....
What to Know: Ethereum’s recent drop doesn’t overshadow its long-term bullish potential; a rebound could benefit Ethereum-based projects like Maxi Doge. Maxi Doge’s presale has raised over $3.9M, with just hours left before a price increase. Strong marketing and staking rewards (78% p.a.) ensure that Maxi Doge has a strong foundation for growth. The sentiment around Ethereum ($ETH) is shifting. While it has faced some volatility in recent days, signs of a potential rebound are emerging. For crypto traders, a bullish Ethereum could have widespread implications, particularly for....
The structure of Ethereum’s upward trend is disrupted. Which direction wil Ethereum choose? Will the downward trend continue? An upward rebound off the long-term resistance line took place. Thus, Ethereum’s price has a chance to continue its downward trend. But for that, it needs to break through the bottom limit of the flat: a rebound off it can very well happen instead. For an upward trend to form, Ethereum’s price will have to fortify at the top limint of the flat, which is at $7.8. The future direction will depend on how will the traders behave at the flat’s limits. A fortification and....
Ethereum prices recovered on Sunday amid a market-wide upside correction while receiving an additional upside boost from a bullish JPMorgan & Chase report. Ethereum's native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase.The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the pair's week-to-date low at $2,651, showing that traders attempted to retain their bullish bias despite potential headwinds....