TA: Ethereum Fails Above $2K, Why ETH Could Resume Its Slide
Ethereum attempted a decent recovery, but it failed above $2,000 against the US Dollar. ETH price is trimming gains and it might continue to move down towards $1,850. Ethereum failed to clear the $2,050 and $2,060 resistance levels. The price is trading well below $2,000 and the 100 hourly simple moving average. There is a […]
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Ethereum corrected lower after testing the $395 resistance against the US Dollar. ETH price is currently following the 100 hourly SMA, and it could resume its rally above $385. Ethereum is following a nice bullish trend above the $375 and $380 levels. The price is trading above the 100 hourly simple moving average, but it […]
Ethereum recovered 4% and it climbed above the $350 pivot against the US Dollar. ETH price could still trim gains if it fails to clear the main $355 resistance zone. Ethereum started a decent recovery wave above the $345 and $350 resistance levels. The price is now well above the 100 hourly simple moving average, […]
Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive. Ethereum started a sharp decline below the $3,000 support level. The price is now trading below $2,950 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 2,850 support. Ethereum Price Dive To Major Support Ethereum failed to stay above the $3,000 support zone and....
Key Highlights. Ethereum price is still in the middle of a correction from its previous selloff, but technical signals are indicating that the downtrend is set to resume soon. A bearish divergence can be seen, as the pair formed lower highs while stochastic made slightly higher highs. Ethereum price could fall from the current resistance levels back down to the previous lows at 0.00190BTC if selling pressure picks up. Impulse wave to resume. A higher pullback to the 0.00240BTC area near the 100 SMA and the previous support might still be possible if the correction wave isn't over. However,....
Ethereum started a decent upward move above $620 and $630 against the US Dollar. ETH price failed to clear $640 and it is currently struggling to stay above $620. Ethereum remained well bid above the $590 zone and recovered above $620. The price is now consolidating near $620, but it is below the 100 hourly […]