Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line

Ethereum Price Key Highlights. Ethereum price finally managed to break an important resistance around 0.00390BTC-0.0040BTC. It also cleared a bearish trend line formed on the hourly chart, which can be seen as a positive sign. The only question is whether this is a real break or not and can the price continue trading higher. Ethereum price spiked higher Intraday, and broke a resistance trend line as highlighted in yesterday's post. Can it be broken? The Ethereum price after struggling for some time to break a crucial bearish trend line formed on the hourly chart managed to gain traction.....

Etheruem Price Key Highlights. Ethereum price is struggling to clear a major resistance area around 0.00390BTC-0.0040BTC. There is a bearish trend line formed on the hourly chart, which is acting as a hurdle for buyers. The price is struggling to settle above the 100 hourly simple moving average, which is a negative sign. Ethereum price is under a bearish pressure, as buyers failed on many occasions to break a major resistance trend line. Can it be broken? The Ethereum price was seen struggling many times to break a crucial bearish trend line formed on the hourly chart. There were at least....

Ethereum gained pace above the $1,600 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,700 resistance. Ethereum started a major increase and settled above the $1,600 level. The price is now trading above $1,650 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,655 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $1,700 to continue higher towards $1,735 in the near term. Ethereum Price Gains Momentum Ethereum formed a base and started a major increase above....

Ethereum price traded down near $7.0 where buyers appeared. Currently, it looks like there is a chance of ETH/USD breaking higher in the short term. Ethereum price ETH made a perfect bottom near $7.0. I highlighted in yesterday’s analysis that there is a chance of ETH/USD moving down towards $7.0, which can then produce a bounce. The price did test the mentioned level and moved higher later. There was a nice upside reaction, signaling more gains in the near term. ETH/USD is currently attempting to break a bearish trend line on the hourly chart (data feed via Kraken), which is also....

Dogecoin Price Key Highlights. Dogecoin price continued to trade in a range, but it looks the range is narrowing. The price is heading towards a break, as there is a bearish trend line formed on the hourly chart on the upside and support near 60.0. Range is now 60-64 Satoshis, which is contracting as the trend line is moving lower. Dogecoin price might be finally heading towards a break as the trading range started to shrink. Trend Line Resistance. The Dogecoin price consolidation phase extended for one more day, as the price continued to trade in a range. However, we can safely say that....