Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates After Yesterday’s ...
Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing. This decline saw prices hit an intraday low of $38,271.44, following a high of $39,115.13 during Tuesday’s market session, which raised hopes for those targeting $40,000. Today’s move saw BTC’s 14-day RSI once again drop below the resistance level of....
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Ethereum price traded higher intraday, and looking at the current technical indicators it looks like it may trade further higher. Key Highlights. Ethereum price managed to move higher against the US Dollar and broke a major resistance area. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD was broken during the recent upside ride. The price is now above the 100 hourly simple moving average, which is a positive sign for the bulls. Ethereum Price Buy. Ethereum price ETH surged higher against the US Dollar and posted a critical break intraday (as....
Ethereum price declined during the past 24 hours against the US Dollar. Can this be the last decline before a reversal? Key Highlights. ETH price fell further against the US Dollar and formed a new low of $11.14 for this week. Yesterday’s highlighted resistance area in the form of a channel pattern on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a perfect resistance. The pair remains below a crucial resistance, which can be a hurdle for a recovery. Ethereum Price Resistance. Ethereum price struggle to clear the $11.50-60 resistance area continued this week. My yesterday’s....
Ethereum classic price fell once again versus the Bitcoin and it looks like ETC may remain under a bearish pressure for some time. Key Highlights. Ethereum classic price traded further lower against the Bitcoin, and tested the last low of 0.00182BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a perfect barrier for the bulls. The price is under a bearish pressure, and sellers may attempt to break the last low of 0.00182BTC. Ethereum Classic Price Downside Move. Ethereum classic price struggle to trade higher against Bitcoin....
Ethereum price hit the final sell target of $8.00. Moving ahead, it is wise to wait for the next move as there may be a minor consolidation underway. Ethereum price ETH moved just as forecasted in my yesterday’s post in which I stated that there is a chance of the price moving down close to the $8.00 level. There was a downside thrust, and ETH/USD formed a yet another weekly low below $8.00. However, the bears need to be very careful in the short term, as there is a possibility that ETH may move in a range for a few hours before deciding the next move. I prefer not to trade when the market....
Ethereum price yesterday’s recovery attempt failed against the US Dollar and BTC. Going forward, ETH/USD may decline further towards $7.35. Key Highlights. ETH price failed to hold the minor corrective trend yesterday against the US Dollar and moved down. Yesterday’s highlighted tiny bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken at $7.58 to initiate a downtrend. The pair is currently under a bearish pressure, and may soon head lower towards $7.35. Ethereum Price Decline. There was a minor correction yesterday in ETH price versus the US Dollar.....