TA: Ethereum Takes Hit: Main Reasons $3K Could Be Tested
Ethereum started a fresh decline after it faced rejection near $3,300 against the US Dollar. ETH price could extend decline towards $3,000 in the near term. Ethereum started a fresh decline after it faced rejection near $3,280 and $3,300. The price is now trading below $3,220 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline to $3,000 if it trades below the $3,150 support. Ethereum Price Resumes Decline Ethereum attempted an upside correction....
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Ethereum gained bullish momentum and it cleared the $1,950 resistance against the US Dollar. ETH price tested $2,000 and it is likely to continue higher. Ethereum is extending gains and it recently tested the $2,000 resistance zone. The price is now well above the $1,950 support and the 100 hourly simple moving average. There is […]
Ethereum declined heavily and it even tested the $2,000 support zone against the US Dollar. ETH price is attempting a recovery and it must clear $2,800 for a steady rise. Ethereum is down over 40% in a week and it even tested the $2,000 support zone. The price is now well below the $3,000 level […]
Ethereum surged above the $370 resistance against the US Dollar. ETH price tested the $395 resistance and it is currently correcting lower towards the $380 support zone. Ethereum gained bullish momentum above the $370, $375 and $380 resistance levels. The price tested the $395 resistance and it settled nicely above the 100 hourly simple moving […]
Ethereum's value has appreciated by over 500 percent since the beginning of this year. Here are some of the possible reasons... Ethereum, the crypto-token of the Ethereum platform has become increasingly popular amongst cryptocurrency enthusiasts over the past few weeks. Ethereum’s value has appreciated by nearly 500 percent since the beginning of 2015. In January, one ethereum was roughly worth 0.00212BTC. Almost a month and a half down the line, the value stands at around 0.01101 BTC. Ethereum is notably one of the valuable platforms. With the global FinTech industry shifting towards....