Ethereum Price Declines Again: Will the Downtrend Continue?
Ethereum price failed to continue higher above the $2,880 resistance. ETH is now moving lower and might slip further toward the $2,320 support. Ethereum started a fresh decline below the $2,700 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,700 level. Ethereum Price Recovery Fades Ethereum price started a recovery wave above the $2,650 level, like Bitcoin. ETH was....
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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,....
Ether price finished its price correction. Ether course continued its growth at $10.2 without any down reversal. At the moment the price is at its highest peak. At this point, the long-term direction will be defined. 3 possible course of events with $11.5 level. Breakout and downtrend reversal. Beneficial for:the sellers. They will be gaining profit from it in the long-term because this is the crossing point for the most technical indicators. We saw how influential $11.5 price was earlier this January. The first scenario is that there will be a breakout from the $11.5 price. At the same....
Much like Bitcoin (BTC), the price of Ethereum (ETH) has been trading significantly sideways lately. Due to this downtrend, a legendary crypto analyst has offered some insights into Ethereum’s price movements, predicting that in the next three months, the pioneer altcoin could see its price hit a bottom. Ethereum To Hit Price Bottom By December Benjamin Cowen, the founder of ITC Crypto and a prominent crypto analyst, has published a YouTube video discussing Ethereum’s price movements, highlighting a potential correlation between ETH’s price declines with the rising United States (US)....
Ethereum Classic (ETC) produced a godlike candle as the market’s sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher. (Data from Binance) Related Reading: $500 Million In Bitcoin Shorts Pile In As BTC Price Sits Below $20,000, Will They Get Squeeze? Ethereum Classic (ETC) Price Analysis On The Weekly Chart The price of ETC has had a tough time in recent....
2015 started with a decline in the price of BTC/USD, which was bad news to all BTC traders and speculators. The New Year's downtrend continued until it reached 265.24$ which is a point of support. "Bullish engulfing" could be noted on the BTC/USD 4 hour chart (The arrow points to the sign in the chart), which signaled a reversal in the downtrend and BTC/USD exceeded 300$ on the 7th of January, which can represent a 50% correction of the downtrend starting earlier this month. The price of BTC/USD is likely to fall again before we can see a reversal of the current downtrend. A "bearish....