TA: Ethereum Consolidates, What Could Trigger Strong Recovery in ETH

Ethereum extended its decline and traded close to the $1,700 zone against the US Dollar. ETH price is recovering, but it is facing a strong resistance near $2,200. Ethereum extended its decline below the $2,000 and $1,800 support levels. The price is well below the $2,500 level and the 100 hourly simple moving average. There […]

Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]

Ethereum is likely forming a strong support base above $1,580 against the US Dollar. ETH price could recover further, but it could face a strong resistance near $1,650. Ethereum remained strong above $1,550 and started a decent recovery. The price is still well below the $1,650 resistance and the 100 hourly simple moving average. There […]

Ethereum is currently consolidating losses below the $350 pivot against the US Dollar. ETH price remains at a risk of a sharp decline unless it surges past $345 and $350. Ethereum traded as low as $333 and it is currently consolidating losses. The price is facing a major resistance near $345 and the 100 hourly […]

Ethereum dived towards the $1,700 level before it started a strong recovery against the US Dollar. ETH price is back above $2,000, but it is likely to face hurdles near $2,060. Ethereum extended its decline below $1,800 before it started a steady recovery. The price is still trading below $2,100 and the 100 hourly simple […]