Ethereum Price Pulls Back Hard, Bitcoin Crash Fuels Bearish Wave
Ethereum price started a fresh decline from the $4,950 zone. ETH is now trading below $4,550 and shows bearish signs similar to Bitcoin. Ethereum started a fresh decline after it traded to a new all-time high. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,510 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase unless there is a close below $4,250 in the near term. Ethereum Price Corrects Gains Ethereum price traded to a new all-time high above the $4,950....
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Ethereum has now entered what looks to be another bearish phase after failing to reclaim a critical level. With all of the technicals pointing toward further downside, it now puts the Ethereum price at risk of crashing back below $4,000, a level which was hard-won by the bulls over the last few months. Most of […]
Bitcoin price has fallen below long-term support during a cynical trading session today. Hopes of this downturn being a second wave prior to a rally are still alive but ailing fast as price approaches $270 (BitFinex) and 1660 CNY (BTC-China). Bitcoin Trading Pulls Price Down... Again. Time of analysis: 16h00 UTC. Bitstamp, although back online, does not have a functional ticker in its Tradingview chart, so the BTC-China chart will be analysed. BTC-China 1-Hour Chart. Price has, once again, dropped below the long-term support that held so much promise for halting the decline. A proverbial....
Despite the Ethereum price crashing back down toward $4,000, bullish sentiments around the cryptocurrency have not waned. If anything, many believe that the recent price crash is all part of the process that will lead the altcoin back to new all-time highs. One crypto analyst has also highlighted the fact that the Ethereum price could […]
Litecoin has been bearish this week after failing to push above 1.72. The 1H chart shows ltcusd declining within a falling channel. Litecoin (LTCUSD) 1H Chart April 9th. Also, we can see that price is now trading under the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). This represents bearish bias. However, the moving averages have been moving sideways, which means there is no prevailing downtrend in the 1H chart and this week's downswing could still be part of a sideways market. If price pulls back but holds under the 1.67-1.68 area, then we would have more evidence....
Amid the back and forth that has rocked the crypto market, the Ethereum price has now found itself between a rock and a hard place. Right now, bulls and bears are still locked in a tug-of-war in a quest to take control of the digital asset. Here, there are now multiple levels to watch that could determine the next steps for the Ethereum price. Ethereum Price Close To Critical Demand Zone After falling back below $4,300 over the weekend, the Ethereum price is now trading very close to a critical demand zone. Crypto analyst ProfitMagnet highlights this in a TradingView analysis, showing the....