TA: Ethereum Forms Bullish Pattern, Why ETH Could Continue Higher
Ethereum tested the $3,380 zone before it corrected lower against the US Dollar. ETH price is still trading above $3,300 and it might attempt another upside break. Ethereum started a fresh increase above the $3,300 and $3,320 resistance levels. The price is now trading above $3,250 and the 100 hourly simple moving average. There is a key bullish flag forming with resistance near $3,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if there is a clear break above $3,340 and $3,350. Ethereum Price Consolidates Gains Ethereum settled above the $3,300....
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Ethereum price moved into the bullish zone and settled above $11.00. Buying may be considered in the short term. See how. Ethereum price spiked higher intraday and also managed to clear a major resistance area of $11.00, as highlighted in yesterday’s post. The most important bullish sign is that ETH/USD settled above the upper bearish trend line of the descending channel pattern formed on the hourly chart (data feed via Kraken). Moreover, the move was so impressive that the price closed above the 100 hourly simple moving average. All in all the price closed in a bullish territory, and may....
Ethereum corrected lower below $1,750 against the US Dollar. ETH remained well bid above $1,680 and is eyeing a fresh surge above $1,750. Ethereum is trading in a bullish zone above the $1,680 and $1,700 levels. The price is now trading near $1,720 and the 100 hourly simple moving average. There is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $1,750 to continue higher towards $1,850 in the near term. Ethereum Price Aims Higher Ethereum gained pace above the $1,700 and $1,720 levels. ETH even....
Dogecoin is currently seeing reasonable upside following the Bitcoin recovery above $71,000. This has sent the whole crypto market into a state of euphoria, and the DOGE price has crossed the $0.16 resistance while at it. This bullish trend is expected to continue, as one analyst points out that Dogecoin has formed a bullish triangle […]
Ethereum price is trading at roughly $1,550 after failing to get back above $2,000 throughout the entirety of 2023 thus far. Increasingly higher lows during the year and a horizontal resistance zone had formed an ascending triangle – a potentially bullish chart pattern. This pattern, however, is possibly failing. A busted pattern target could send the price per ETH sub-$1,000. Is the bullish chart pattern breaking down? | ETHUSD on TradingView.com Ethereum Ascending Triangle Begins Breakdown: Target $700 Ethereum put in its bear market low back in June of 2022 while Bitcoin and other....
In classical technical analysis, an ascending triangle forms either as a continuation pattern midway through an uptrend or as a reversal pattern at the end of a downtrend. A break out of the triangle (i.e. a candlestick close above the upper channel) signifies a pattern completion, and infers a target of at least the height of the triangle in question. A quick look at the 15 minute price chart on the bitstamp feed reveals just such a pattern, and - therefore - offers up a bullish bias for the latter half of this week. We are currently trading just shy of 237, and approaching the apex of....