Ethereum Price Action Suggest More Downsides Below $330: Here’s Why

Ethereum declined below the main $2,000 support zone against the US Dollar. ETH price is showing bearish signs and it remains at a risk of more downsides below $1,800. Ethereum extended its decline below the $2,000 and $1,920 levels. The price is now trading well below the $2,000 resistance and the 100 hourly simple moving […]

Ethereum failed to surpass $2,600 and started a fresh decline against the US Dollar. ETH price is holding the $2,400 support, but it is likely to face sellers near $2,550. Ethereum made two attempts to gain strength above $2,625, but failed. The price is now trading well below $2,550 and the 100 hourly simple moving […]

Ethereum failed to continue above $2,500 and started a fresh decline against the US Dollar. ETH price is showing bearish signs and it could continue lower below $2,240. Ethereum is struggling to gain bullish momentum above the $2,400 and $2,500 levels. The price is now trading well below $2,450 and the 100 hourly simple moving […]

Here are the levels we are looking to trade in the bitcoin price this morning out of Europe. In yesterday evening’s analysis, our primary focus was a relatively tight scalp range, and more specifically, how we would approach our intraday strategy using this range in order to take advantage of any overnight volatility. We suggested that – as a result the large decline we saw early yesterday morning – action might consolidate somewhat, and in doing so, prime itself for a relatively sharp move. Action has now matured overnight, and with the bitcoin price being so up and down across the last....

Bitcoin price struggled to recover above $57,500 against the US Dollar. BTC is now declining and it remains at a risk of more downsides towards $52,000. Bitcoin is facing an uphill task above the $57,000 and $57,500 levels. The price is now trading well below the $57,000 level and the 100 hourly simple moving average. […]