Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom
Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,820 zone. Ethereum Price Remains In Downtrend Ethereum price failed to remain stable above $1,840 and started a fresh decline, like....
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Ethereum Price Key Highlights. Ethereum's price has been in a steady downtrend against Bitcoin, as the latter has enjoyed tremendous buying pressure in the past few weeks. A descending trend line can be drawn to connect the latest highs of Ethereum price action, and the Fibonacci levels on the latest swing high and low are near this falling resistance area. Ethereum's price might be ready to resume its selloff after pulling up to the Fibonacci retracement levels on the short-term time frames. Confluence Around 0.002 BTC. The 0.002 BTC level looks like a prime resistance area where plenty....
Ethereum price declined sharply as two Bitcoin exchanges in China suspended withdrawals. ETH/USD is under heavy pressure, and may decline further. Key Highlights. ETH price after initiating a break yesterday at $11.30 against the US Dollar started a downtrend. Yesterday’s highlighted bearish trend line on the hourly chart of ETH/USD (data feed via SimpleFX) acted as a barrier at $11.20 and pushed the price down. The price traded sharply lower, and also broke the last swing low at $10.80. Ethereum Price Decline Initiated. Yesterday, there were signs of a downtrend in ETH price against the....