Ethereum Positions To Test $3,500 Resistance Point Amid Growing Investor Inte...
Ethereum is seeing renewed vigor as the price enters the beginning stages of another bull rally. Following the long-suffering month of September, ETH’s price had crashed below $3,000, putting the digital asset in a tight spot as bears tightened their grip on the market. This was not helped by decreased interest as the market had […]
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Ethereum has been on another decline along with the market. After struggling to cross $3,100, the digital asset had taken another beating down that saw it crash below $3,000 once again. However, this does not signal more downtrends. In fact, indicators point to the coming upside from Ethereum despite the recent trend, one that would see it test another important resistance point. Ethereum Crossing $3,000? It is no secret that Ethereum has largely fluctuated around $3,000. This price mark is important to the asset, hence the reason why bulls continue to battle hard to keep it. And as....
Ethereum Price Key Highlights. Ethereum price is still stuck inside its range, finding support at 0.00285 and resistance at 0.00305. Price bounced off the bottom of the range as expected and is on its way to test the top again. Ethereum price could keep moving sideways, especially if the top of the range holds as resistance and spurs another test of support. Buyers Regaining Control. Technical indicators are suggesting that a bounce is underway, with stochastic and RSI both climbing out of the oversold region to indicate a return in bullish momentum. The average directional index is moving....
Ethereum has moved above $2,700 following the Fed announcement yesterday. The highly anticipated meeting had been concluded, coming out that the Fed had increased interest rates by 0.25%. Ethereum has responded positively to the news and had rallied out of the slump it had been in since the last dip. Now the digital asset sits above $2,700 but it is still far from stable at this price point. What The Rally Did Ethereum’s rally on Wednesday was a welcome one, showing more bullish tendencies towards cryptocurrencies following the Fed’s decision. After completely smashing the $2,522....
With all the excitement in the Bitcoin market recently, I have not paid a lot of attention to Ethereum. However, this asset deserves our attention. It is signalling that a new advance might be in the making. Let’s look at a bear setup on long-term 2-day chart: This bear setup from the ATH shows 2 successful tests of support at the 1st arc pair. I don’t imagine I need to explain here why this bullish. However I want to point out that the blue arrow is highlighting a test of the 1×1 Gann angle. The 1st test of resistance was unsuccessful (from a bull point of view). However, price is once....
Bitcoin price could test the top of the triangle, which might hold as resistance since it coincides with the 100 SMA and is coming off a strong downtrend. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. This suggests that the $390-400 area might keep gains in check, pushing bitcoin price back to the bottom of the triangle at $370-375. Stochastic is on its way up, after just making it out of the oversold region. This indicates that bullish pressure is present and that buyers could attempt to push past the triangle resistance. If so, price....