TA: Ethereum Holds Strong at $4,000: A Strengthening Case for Upside
Ethereum gained pace for a move above the $4,000 zone against the US Dollar. ETH price is showing positive signs ad could rally above $4,200. Ethereum was able to clear the $4,000 and $4,050 resistance levels. The price is trading well above $4,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $4,000 to continue higher in the near term. Ethereum Price Regains Strength Ethereum formed a base above the $3,900 level to start a fresh....
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Ethereum gained pace and broke the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might eye more upsides above $1,600. Ethereum is showing positive signs above the $1,500 and $1,520 levels. The price is now trading above $1,520 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again if there is a clear move above $1,560 and $1,580. Ethereum Price Eyes Fresh Increase Ethereum gained pace after it broke the $1,400 and....
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Ethereum cleared the $600 resistance level and tested the $625 zone against the US Dollar. ETH price is consolidating above $600 and likely setting up for the next move. Ethereum settled above the key $600 resistance level and climbed towards $625. The price is currently consolidating near the $600 support and the 100 hourly simple […]
Ethereum has undergone a strong rally over the past few weeks, moving higher with Bitcoin. But key market data suggests that the case for upside will be limited for the time being. For one, there are “monstrous sell walls” on Coinbase for the Ethereum chart. These walls should limit upside for the time being. Ethereum Market Data Suggests Price Could Drop Ethereum has undergone a strong rally over the past few weeks, moving higher with […]