TA: Ethereum Could Narrowly Avoid a Major Drop if it Closes Above $380

Ethereum started a downside correction below the $460 support level against the US Dollar. ETH price is now trading below $450 and it remains at a risk of more downsides. Ethereum is showing a few bearish signs below the $460 and $455 support levels. The price is now trading well below $460 level the 100 […]

Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave. Ethereum started a fresh decline from the $4,350 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $4,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $4,050 support zone. Ethereum Price Is Facing Hurdles Ethereum attempted a recovery wave above the $4,300 resistance....

Ethereum started another decline below the $3,400 support zone against the US Dollar. ETH price must stay above $3,150 to avoid more losses in the near term. Ethereum started a fresh decline from the $3,500 and $3,550 resistance levels. The price is now trading below $3,300 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could a steady increase as long as it is above the $3,150 support zone. Ethereum Price is Eyeing Decent Recovery Ethereum failed to clear the....

Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected. ETH’s price has continuously bled out, which has led to its price relegating to the low $1,000s. As the new month begins, speculations abound on whether the cryptocurrency has what it takes to recover. Three Red Weekly Closes Along with the rest of the crypto market, Ethereum’s price has suffered bitterly at the hands of the bulls.....

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 […]