TA: Ethereum Slides Below 3K, Why Bears Could Aim $2.5K
Ethereum started a fresh decline from the $3,080 resistance against the US Dollar. ETH price traded below the key $3,000 support and even declined below $2,920. Ethereum failed to clear $3,080 and started a fresh decline. The price is now trading below $3,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $3,030 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near the $2,950 level. Ethereum Price Breaks Key Support Ethereum attempted a fresh increase above the $3,050 level....
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Ethereum is primed to move lower in the days ahead as the cryptocurrency slides below $570 for the first time in many days. ETH is expected to see weakness in the near term as it slides below key technical levels with Bitcoin. One crypto-asset analyst recently shared the chart below, noting that Ethereum is moving below range lows in the $570 region. He thinks that as long as ETH holds below $570, the bear case […]
The hype around the Ethereum network had built up following the announcement that the Merge was scheduled to take place on September 15th if everything went according to plan. The price of ETH had seen a massive run-up off the back of the news, seeing it touch above $2,000, albeit briefly. However, as the weeks have passed, the hype around the Merge has begun to die down as people get used to it, causing the price of ETH to slide. ETH Slides To $1,500 After a tremendous 3-week run, the price of Ethereum seems to have reached a local peak. After reaching $2,000, the downward correction....
The day of The Merge, Ethereum Classic’s hashrate soared to new highs tapping 306 terahash per second (TH/s) ten days ago on September 15. Since then, however, Ethereum Classic’s computational power has dropped 46.16% lower from the high to today’s 164.75 TH/s. Furthermore, ethereum classic’s market valuation has dropped by two positions and lost 26.7% against the U.S. dollar during the last two weeks.
Ethereum Classic’s Hashrate and Price Sinks, While the 2 New PoW Ethereum Forks Jump Higher in USD Value
After Ethereum transitioned from....
The price of Ethereum (ETH) has struggled against Tether (USDT) in the past few days, with more downtrend than the bullish sentiment seen in recent weeks. Despite outperforming Bitcoin (BTC) in recent weeks, the price of Ethereum has found itself in key zones that would decide its major move. Related Reading: Ethereum Price Slides As Staked Token Reaches New ATH Ahead Of Hyped Merge Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,020, which bounced from that area and rallied to a price of $2,000 after showing great recovery signs....
Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern. It is still in a decent spot on a weekly time frame though may face an intra-day pullback, the chart suggests. “$ETH $ETHUSD #Ethereum – […]