Ethereum Price Drops Near $2,020, Downside Pressure Continues to Build
Ethereum price failed to clear the $2,200 zone and declined. ETH is now consolidating above $2,020 and might struggle to start a recovery wave. Ethereum started a fresh decline from the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,120 resistance. Ethereum Price Dips Further Ethereum price failed to stay above $2,150 and started a fresh decline, like Bitcoin. ETH....
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Ethereum price is under a lot of bearish pressure vs the US Dollar and Bitcoin, and ETH/USD may continue to trade lower going forward. Key Highlights. Ethereum price remained under a lot of pressure this past week against the US Dollar and Bitcoin. There is a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which is pushing the price down. The $8.00 handle may play a major role for the pair in the near term for the ETH buyers. Ethereum Price Downside Pressure. It was a bad week for ETH price, as it declined heavily against the US Dollar and Bitcoin.....
Ethereum price was under a lot of bearish pressure against the US dollar, and currently the bulls are fighting around a major support. Key Highlights. Ethereum price declined heavily versus the US Dollar, but currently trading near a crucial support. There is a critical bullish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may stop the downside going forward. The 100-day simple moving average is also on the downside to act as a support area. Ethereum Price Trend. Ethereum price ETH after staying above the $13.00 level against the US Dollar for some time,....
Ethereum Price Key Highlights. Upon breaking below the bottom of the rising wedge consolidation pattern recently, ethereum price has its sights set on new lows. Technical indicators suggest that the selloff is gaining traction but that a pullback to the broken support zones might still be possible. Ethereum price is eyeing further downside and might be ready to test the yearly lows as seen on the 4-hour time frame. Bearish Pressure Rising. Bitcoin price has broken to the upside of its consolidation pattern, which may have been partly to blame for the downside break in ETHXBT. The chart....
Ethereum classic price remained under the bearish pressure, and the downside pressure initiated yesterday got more traction intraday. Key Highlights. Ethereum classic price extended its downside move, which was initiated yesterday against the Bitcoin. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Simplefx) of ETC/BTC, acting as a resistance area. On the downside, the recent low of 0.00112BTC may act as a support area in the short term. Ethereum Classic Price Decline. I highlighted in yesterday’s post how a bearish trend was initiated for ETC price versus the....
Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable to reclaim the $2,800 mark, investors are growing concerned about its ability to recover. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? Despite the recent choppy price action, some analysts believe Ethereum could be gearing up for a bullish move. Crypto....