Ethereum Price Sees Healthy Pullback — Uptrend Still Safe
Ethereum price started a fresh increase above the $1,800 zone. ETH is now correcting gains and trading below the $1,820 support zone. Ethereum remained strong above $1,750 and started a fresh increase The price is trading below $1,820 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,840 resistance zone. Ethereum Price Dips Ethereum price remained supported above the $1,750 zone and started another increase, like....
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The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If […]
The general crypto market has experienced a strong downward movement. Ethereum is no exception to this bearish development since the digital asset has experienced a pullback below key support levels. With waning market performances hindering investors’ sentiment toward ETH, the altcoin is likely to undergo an extended pullback in the upcoming days. Bearish Forces Weigh […]
Ethereum Price Key Highlights. Ethereum price is starting a new uptrend on the 1-hour chart, moving above a rising trend line connecting the latest lows of price action. Price could be in for a quick pullback to the support area at 0.00250BTC since the resistance near the psychological 0.00300BTC mark held. Ethereum price is making a correction from its recent climb, potentially drawing more buyers to the mix and extending its gains. Dynamic Support at 100 SMA. The moving averages are supporting the idea of further gains, as the 100 SMA is treading above the longer-term 200 SMA. In....
After indicating increased upside momentum on its longer-term chart, darkcoin price could make a quick pullback to the moving average on its 1-hour chart. As seen on the DRK/BTC chart from Cryptsy, the cryptocurrency seems to be retreating from its latest rally against bitcoin. The shorter-term moving average is still treading above the longer-term moving average on the 1-hour chart, confirming that the uptrend is likely to stay intact. Price pulled back to the longer-term moving average, which held as a dynamic support level. The pullback candle formed a long spike near the MA, indicating....
The downside of Bitcoin is limited in the short term as BTC attempts to recover from a steep pullback. Throughout the past few days, the sell-side pressure from all sides has intensified. Bitcoin miners have sold their holdings at a scale unseen for over three years. On top of this, the inflow of whale-associated BTC into exchanges has substantially spiked. The combination of the two data points indicates that miners and whales have been selling in tandem.Bitcoin continues to trade under $18,000 following a week of aggressive selling from whales, miners and, possibly, institutions.....