Ethereum Price Breaches Pivotal Resistance Level—And That’s Big for Bulls

Ethereum Price Breaches Pivotal Resistance Level—And That’s Big for Bulls

It’s been a good day for the crypto market, with Bitcoin, Ethereum, and altcoins posting strong gains. The two leading crypto-assets have gained approximately 8% each over the past 24 hours, which is the best performance in many weeks. Ethereum is expected to move higher as fundamental and technical trends align. One crypto-asset trader pointed to the significance of Ethereum’s recent move higher. The leading cryptocurrency recently passed above the important $390 resistance level, which […]

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Bitcoin Shatters Key Resistance as Bulls Attempt to Take Out “Pivotal Level”

Bitcoin saw a strong upsurge this morning that allowed it to break above its $11,600 resistance level This resistance has been suppressing its price action throughout the past few days and weeks, with bulls being unable to spark any sustainable moves above it Where it trends next will likely depend on how sustainable this ongoing move higher is, and whether or not it can lead it to a key resistance One trader is now watching […]

Ethereum Is At a Pivotal Resistance, and a Rejection Could Send ETH to $300

Ethereum has seen a strong performance in the past 24 hours. The coin has reached its highest price in days as it moves to $360. While this is bullish price action, Ethereum printed a number of wicks above the current price. This important as above ETH’s current price is an important horizontal resistance. Ethereum failing to surmount this level and flip it into support exposes the coin to a drawdown, analysts say. Bitcoin may end […]

Ethereum Price Technical Analysis 03/31/2016 – Resistance Turned Support

Ethereum price popped above a major resistance area of $11.80. Now, can it provide support and push ETH higher versus the USD? Ethereum price kept struggling near the $11.80 resistance area, as highlighted in yesterday’s post. However, the ETH bulls finally managed to take the price above the stated level, and there was an hourly close above it. Now, the price is moving down, and the same resistance area is currently acting as a support and helping the bulls to regain ground. There is an ascending channel pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may play....

Ethereum Price Technical Analysis – Retest of $10.40 Possible?

Ethereum price looks hesitant, but if the ETH/USD bulls manage to gain strength, then a move towards $10.40 is possible in the near term. Ethereum price ETH traded down from $10.40 to $8.40 recently, and then started to consolidate losses. The price is currently moving higher, and may be heading towards a major resistance area in the form of a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD. The highlighted trend line resistance area acted as a hurdle for the ETH bulls earlier and might stall gains one more time. However, there is one positive to note, which....

Ethereum Price Weekly Analysis – Buying Dips Favored

Ethereum price climbed higher and there was no stopping the bulls. It looks like the bulls may attempt to take it towards the $15.00 level. Intraday Support Level can be $11.80. Intraday Resistance Level may be $13.30. Ethereum price surged higher this past week and broken every resistance that came in its way. There was a major resistance formed near $12.00 where the bears attempted a couple of times to defend it. However, at the end, the bulls succeeded and took the price above the stated level. There was a sharp upside move towards the $13.00, and the price stopped near $13.33. There is....