Ethereum Key Indicators Suggest A Strengthening Case For Correction Below $300
Ethereum is down 5% and it broke $330 and $320 support levels against the US Dollar. ETH price remains at a risk of more losses below $300 as long as it is below $340. Ethereum extended its decline below the $330 and $320 support levels. The price traded as low as $313 and it settled […]
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Ethereum was able to clear the $1,650 resistance against the US Dollar. ETH might rise further towards $1,800 if it stays above the $1,625 support. Ethereum was able to slowly move higher above $1,640 and $1,650. The price is now trading above $1,650 and the 100 hourly simple moving average. There is a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $1,625 support zone. Ethereum Price Starts Recovery Ethereum was able to start an upside correction above the $1,600....
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Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....