Ethereum Rally Loses Steam, Why ETH Could Revisit Resistance Turned Support
Ethereum price rallied above the $1,700 resistance against the US Dollar. ETH struggled near $1,750 and is currently correcting gains. Ethereum gained momentum above the $1,660 and $1,670 levels. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now correcting gains from the $1,750 resistance. Ethereum Price Rally Stalls Ethereum’s price was able to start a decent increase from the $1,620 zone. ETH formed a base and....
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Ethereum extended its increase above the $1,750 and $1,800 resistance levels against the US Dollar. ETH price is showing positive signs and it is likely to revisit the $2,000 resistance zone. Ethereum is gaining bullish momentum above the $1,700 and $1,800 resistance levels. The price is now trading well above $1,800 and the 100 hourly […]
Ethereum climbed higher nicely from the $425 support zone against the US Dollar. ETH price is struggling to clear the $460 resistance and it could revisit $420 in the near term. Ethereum is showing a few bearish signs below the key $460 resistance level. The price is trading above the $440 support and the 100 […]
Ethereum is showing positive signs above the $1,550 zone against the US Dollar. ETH could start a fresh rally unless it breaks the $1,550 support zone. Ethereum is consolidating and is showing positive signs above the $1,550 support zone. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if it clears the $1,600 and $1,620 levels. Ethereum Price Remains Supported For Gains Ethereum remained well bid....
Ethereum. A few days back I opined in this space that ethereum might be poised to rally as it was challenging resistance which I thought might break. It turned out that the resistance in question, the 1×1 angle, held. The red arrow shows where the market was at the time I wrote that piece. As you can see, the 1×1 was tested in 4 out of 5 successive 2-day candles, and was turned back each time. While a bit surprising that the angle survived so many assaults, it proves the adage that one should “never say never”, in this business. As of this writing, price is sitting on the 1st arc support,....
Bitcoin Price Key Highlights. Bitcoin price has recently made an upside breakout from consolidation and a rally above an area of interest, but it looks like buyers are losing steam. A pullback to the area of interest might be necessary before the rally regains ground. Bitcoin price could make a correction to the Fibonacci retracement levels marked on the 4-hour time frame before resuming its climb. Resistance Turned Support. The Fib levels based on the latest swing low and high show that the 50% level lines up with the broken resistance at $350. This could hold as support from now on since....