Ethereum Price Faces Sell Off, How Far Is The Correction Going To Go?
Ethereum price registered a fresh decline on its chart over the last 24 hours. The altcoin declined by 7% over the past day. In the last week, ETH fell by 9% and started to trade below the support level of $1,520. The broader market weakness could be blamed for most major altcoin’s southward movement on their respective charts. Ethereum price was trying to hold itself above its immediate resistance, the altcoin met with a significant sell-off. Technical outlook for the coin also pointed towards bearish strength. Buyers exited the market as soon as ETH failed to defend the immediate....
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Ethereum started an upside correction from the $1,865 zone against the US Dollar. ETH price climbed above $2,000, but it is facing a strong resistance near $2,050. Ethereum tested the $1,865 zone before it started a decent recovery wave. The price is still trading well below the $2,050 resistance and the 100 hourly simple moving […]
Ethereum is approaching the moment of the truth. The price has reached the most likely peak of the correction towards the downward movement which has started in June 2016. Ethereum. About two months ago, Ethereum price has reached its long-term key line near $5.8, which can be seen as the likely peak of the correction towards the long-term upward trend. At that moment, the continuation of that long-term upward trend became possible. Today, half of that scenario has already been fulfilled. Ethereum price is at a profitable zone for the bears. That is confirmed by a flat-like movement which....
After a strong rally that pushed Ethereum to a local high of $2,730, the asset has retraced over 10%, now testing key support levels as the market cools off. The correction comes after days of heavy buying pressure and growing expectations of a broader altseason. However, the recent pullback has sparked debate among analysts and traders, with sentiment now split between those anticipating another leg up and others preparing for a deeper correction. Related Reading: Ethereum Multi-Year Consolidation Could Spark A Parabolic Move – Details Some believe this pause is healthy and necessary....
The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced. Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the....
The price of Ether is undergoing a correction towards the upward trend. Ether is currently at a key resistance line, where volatility is usually most likely to grow. Ethereum. The price of ETH is at the peak of a medium-term rebound towards the upward trend from $5.8. Some bulls are placing buy orders at the projected peaks of the correction, at the sub waves, given that there is little chance for a proper rebound with the current powerful growth. That is why the price meets significant resistance at such points. As we can see, the price of Ether has stopped at that level and went flat.....