Ethereum Price Grinds Lower And It’s Vulnerable to a Drop Below $1,500
Ethereum price struggled to clear $1,660 and reacted to the downside against the US dollar. ETH remains at risk of more losses if it breaks the $1,550 support. Ethereum resumed its decline and retested the $1,550 support. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $1,550 support zone. Ethereum Price Dives Again Ethereum failed to settle above the $1,665 resistance zone. ETH....
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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 remained a slow and steady downtrend against the US Dollar. More losses are likely in ETH/USD, as long as price is below $10.50. Key Highlights. ETH price extended the recent correction against the US Dollar and moved below the $10.40 level. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is active on the upside and acting as a resistance near $10.45. It looks like the pair is slowly moving down, and may continue its decline towards $10.20. Ethereum Price Decline and Resistance. We recently saw a minor top in ETH price....
Ethereum failed to stay above $2,100 and it is now moving lower against the US Dollar. ETH price is likely to continue lower and it could even break $2,000. Ethereum started a fresh decline from well above the $2,200 support zone. The price is now trading below $2,100 and the 100 hourly simple moving average. […]
Ethereum price might be ready to resume its drop to its previous lows or much lower after correcting to an area of interest. Ethereum price had been moving inside a range between resistance near 0.00230 and support at 0.00215 before breaking to the downside. Price dipped to a low of 0.00205 before showing signs of a pullback. Using the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with the broken support, which might now hold as resistance. Ethereum price might be ready to resume its drop to its previous lows or much lower after correcting to....
Ethereum price faced offers during the recent recover attempt. It looks like ETH/USD is poised for a test of $7.00 in the short term. Ethereum price ETH continued its downtrend and moved further down. Yesterday, there was an attempt to correct higher, but a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD prevented the upside move and pushed the price down once again. The highlighted trend line resistance holds a lot of importance, as it acted as a barrier for the ETH bulls on many occasions. An initial resistance on the upside lies at the 23.6% Fib....