TA: Ethereum Could Avoid a Major Downtrend if it Closes Above One Key Level
Ethereum declined heavily below the $3,250 support against the US Dollar. ETH price tested $3,000 before it attempted an upside correction. Ethereum started another decline and traded below the $3,150 support zone. The price is trading below $3,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major recovery wave if there is a clear move above $3,300. Ethereum Price Remains At Risk Ethereum failed to clear the $3,350 resistance level and....
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Ethereum extended its decline below the key $365 support against the US Dollar. ETH price is correcting higher and it must surpass $380 for to avoid another bearish wave. Ethereum started a decent upward move after it tagged the $360 level. The price is now trading nicely above the $370 level and the 100 hourly […]
Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave. Ethereum started a fresh decline from the $4,350 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $4,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $4,050 support zone. Ethereum Price Is Facing Hurdles Ethereum attempted a recovery wave above the $4,300 resistance....
Ethereum started a downside correction below the $460 support level against the US Dollar. ETH price is now trading below $450 and it remains at a risk of more downsides. Ethereum is showing a few bearish signs below the $460 and $455 support levels. The price is now trading well below $460 level the 100 […]
Cryptocurrencies are on the rise again, with some stability in sight. Over $1.7 trillion worth of cryptocurrency, the global market cap has increased by 0.51% today alone. It seems like the crypto markets are finally starting to recover. Bitcoin rose by 1.61%, while Ethereum also showed a slight uptrend in the recent 24 hours, going up 0.70%. The price of bitcoin is currently $38,900, and that for Ethereum stands at about USD 2570 per coin. Related Reading | TA: Ethereum Could Avoid a Major Downtrend if it Closes Above One Key Level The dollar’s status as the world’s reserve....
Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected. ETH’s price has continuously bled out, which has led to its price relegating to the low $1,000s. As the new month begins, speculations abound on whether the cryptocurrency has what it takes to recover. Three Red Weekly Closes Along with the rest of the crypto market, Ethereum’s price has suffered bitterly at the hands of the bulls.....