Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming?

Ethereum price started a fresh recovery above $4,120. ETH is now showing positive signs and might rise further toward the $4,400 level. Ethereum started a recovery wave above the $4,000 and $4,120 levels. The price is trading above $4,120 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,320. Ethereum Price Gains Traction Ethereum price started a recovery wave above the $3,850 level, like Bitcoin. ETH price formed a base....

Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]

Ethereum price started a recovery wave from the $1,750 zone. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a recovery wave above the $1,850 level. 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 $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,920 and $1,950 resistance levels to start a decent increase. Ethereum Price Faces Hurdles Ethereum price formed a base above the $1,750 level and started a recovery wave,....

Despite the Ethereum price looking to be leveling out below $2,000, the slowdown in the crash has done nothing to allay fears that more decline is coming. In fact, analysts believe that this stop is only temporary and that the second-largest cryptocurrency by market cap will make another major drop soon. This is due to past performance, where the Ethereum price has often staged a major reset before eventually making a possible bottom. The Scenario That Says Ethereum Price Is Headed For $600 Calls for Ethereum reaching $10,000-$15,000 were echoed loudly in the last year, when the market was....

Ethereum Price Key Highlights. Ethereum price continued to move lower, as sellers remained in control. The price declined heavily and traded as low as 0.00157BTC where it found buyers. There is a monster resistance formed near 0.00184BTC where sellers are likely to appear one more time. Ethereum price remained under the bearish pressure, and it is likely that it might continue to move lower in the near term. Sell Rallies? The Ethereum price decline was the highlight recently, as there was almost no stopping the sellers. The price fell and traded as low as 0.00157BTC where buyers barely....