TA: Ethereum Recovery Faces Major Hurdle, Risk of Fresh Decline Exits
Ethereum declined towards $1,350 before recovering higher against the US Dollar. ETH is now facing a major resistance near the $1,460 and $1,500 levels. Ethereum extended losses and traded below the $1,400 level. The price is now trading below $1,460 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to recover above the $1,440 and $1,460 resistance levels. Ethereum Price Remains In Bearish Zone Ethereum remained in a bearish zone below the $1,500....
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Over the past 24 hours, the market has seen gains. Ethereum, increased by 8.13% while the market king, Bitcoin, has increased by 3.25%. The performance of the remaining top cryptocurrencies has been comparable to that of the two majors. With a price range of $1,362.95 to $1,602.61, ETH/USD has experienced significant volatility over the past 24 hours. While the overall market capitalization trades around $181.33 billion, trading volume has decreased by 14.18% to reach $17.13 billion, giving the market a dominance of 18.3%. Ethereum Suffer Setback Ahead Of Merge Even after the recent....
Ethereum declined below the $1,150 zone against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,200 pivot zone. Ethereum started a fresh decline below the $1,220 and $1,200 levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting trend line in place with support at $1,130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further is a clear move below the $1,120 support zone. Ethereum Price Remains At Risk Ethereum remained in a bearish zone below the $1,280 and $1,250 resistance....
Ethereum price is recovering well at the moment against the US dollar and Bitcoin, but also reaching a major pivot area. Key Highlights. Ethereum price managed to start a recovery after trading as low as $5.68 against the US Dollar. The current recovery is facing resistance near a major bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX). A break above the highlighted trend line resistance may ignite an upside move. Ethereum Price Hurdle. There was a major decline in Ethereum price against the US Dollar and BTC before starting a recovery. ETH/USD traded as low....
Ethereum price started a recovery wave above the $2,500 zone. ETH is up nearly 10% and now faces a major resistance near $2,920. Ethereum started a decent upward move above the $2,500 support zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,920 level. Ethereum Price Attempts Recovery Ethereum price started a major decline below the $2,800 level, underperforming Bitcoin. ETH....
Ethereum price has started a recovery against the US dollar, but it faces a major resistance on the upside, making buyers nervous. Key Highlights. Ethereum price started a recovery against the US Dollar, and found support just above $9.00. There is a monster bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may act as a resistance. The 100-day simple moving average is also on the upside to act as a hurdle for the ETH buyers. Ethereum Price Upside Hurdle. ETH price after a crash towards the $9.20 level against the US Dollar found support, and started....