TA: Ethereum Reaches Key Inflection Zone, $3,100 Is The Key
Ethereum started a steady recovery wave above the $2,980 resistance against the US Dollar. ETH price is now facing a strong resistance near $3,080 and $3,100. Ethereum started a major upside correction from the $2,880 zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $3,080 and $3,100 to start a strong upward move. Ethereum Price Recovers Losses Ethereum extended decline below the $2,980 support and the 100....
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Ethereum is currently correcting higher above $350 against the US Dollar. ETH price is now trading near a major hurdle at $355 and it might start a fresh decline. Ethereum is up close to 2% and it broke the $350 resistance zone. The price is currently trading above the 100 hourly simple moving average, but […]
Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the TradingView....