Ethereum Bulls on the Back Foot – Can Momentum Return Soon?
Ethereum price started a fresh recovery wave above the $4,300 zone. ETH is still struggling to gain momentum and might slide below $4,250. Ethereum is still struggling to recover above the $4,450 zone. The price is trading below $4,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,450 level in the near term. Ethereum Price Recovery Faces Hurdles Ethereum price started a recovery wave after it....
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Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level. Bitcoin Bitcoin (BTC) neared a two-week high on Tuesday, as the token rebounded following a recent bearish spell. Following a bottom of $19,006.11 to start the week, BTC/USD raced to an intraday peak of $20,294.34 on Tuesday. This is the highest point that the token has traded at since....
Ethereum was trading above the $3,400 level for a third consecutive session, however bullish momentum has somewhat eased, as market uncertainty has gradually risen. With prices trading near resistance levels, bulls have pulled back, giving way to bears looking at re-entering the market. Bitcoin Bulls in BTC have also pulled back, as prices continue to hover close to recent resistance levels, with some fearing price reversals. Following a high above $48,100 earlier in the week, BTC/USD traded at an intraday low of $46,620.72 during today’s session. Bitcoin has climbed by as much as....
Ethereum found support near the $440 level and settled above $450 against the US Dollar. ETH price is likely to gain momentum if there is a proper close above $470. Ethereum is showing a few positive signs above the $450 and $452 support levels. The price is testing the $470 resistance and it is above […]
Bitcoin price got a boost from fresh concerns in the UK financial sector, leading traders to price in more uncertainty. Bitcoin Price Key Highlights. Bitcoin price appears to be showing a return in bullish momentum as it bounced off a nearby support zone. Bitcoin seems to be on track towards climbing to the top of its ascending channel on the 1-hour time frame. For now, price is still hovering around the mid-channel area of interest, waiting for a stronger surge in bullish momentum. Technical Indicators Signals. The 100 SMA is still above the 200 SMA so the path of least resistance is to....
Ethereum Price Key Highlights. Ethereum price appears to be creating a range on its 1-hour time frame, unable to sustain its momentum after an earlier breakout. Price found resistance at 0.00300 and support at the 0.00285 area. Ethereum price just bounced off the top of its range and may be ready to test the bottom once more. Ethereum price could continue with its sideways movement, as technical indicators aren't offering any signals for directional plays. Short-Term Profit Opportunities. With that, ethereum traders might simply go for short-term gains, buying off support and selling at....