TA: Ethereum Bears Are Back, Why ETH Could Dive Below $1K
Ethereum extended losses and traded below $1,100 against the US Dollar. ETH could accelerate lower if there is a close below $1,000. Ethereum started a fresh decline below the $1,120 and $1,100 levels. The price is now trading below $1,100 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,115 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,000 level. Ethereum Price Extends Losses Ethereum remained in a bearish zone below the $1,150 support zone. ETH....
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Ethereum is struggling to clear the $360 and $365 resistance levels against the US Dollar. ETH price is showing bearish signs and it could dive below $350 and $345. Ethereum is still facing a heavy resistance near the $360 and $365 levels. The price is currently stuck near the $355 support and the 100 hourly […]
Ethereum price traded down finally and also moved back below $10.0. It looks like there is a chance of a minor correction moving ahead. Intraday Support Level can be $9.07. Intraday Resistance Level may be $10.5. Ethereum price as highlighted yesterday made a new high of $11.98 where it found sellers and started to move down. The price also traded below the $10.0 level, which is a sign that bulls stepped back and failed to prevent losses. If the bears manage to gain strength, then there is a chance of more losses in the near term.
Ethereum price weakened, as the bears did not stop in taking the ETH down against the US Dollar. More losses ahead? Key Highlights. Ethereum price continued to dive down against the US Dollar and even broke the $9.50 level. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be considered as a downside move catalyst. There is now a major resistance area forming around $11.00, which may play a crucial role in the short term. Ethereum Price Resistance. There was no stopping the Eth bears as they took Ethereum price further lower....
In this Weekly Digest, we take a quick glance at what the Bitcoin price might be in the next few days. We also go over the recent developments pertaining the Ethereum Soft/Hard Fork. Although much more calmer than the week before, these days didn’t come free of events and news. Let’s dive in Bitcoin, Ethereum, and everything else! Bitcoin Price. This week the Bitcoin price experimented a flat formation, the price was incapable of consistently breaking through the 30-Moving Average of the 4-hour chart. As the pressure started to build up, the bears and the bulls were preparing their next....
Okay Bears have quickly become the signature Solana NFT project. That’s back on display this week, as a new licensing deal has come to life with Okay Bears and entertainment behemoth IMG. IMG’s Stature, And Okay Bears Potential IMG is one of the biggest names in IP, a global monster that deals in global product […]