Ethereum Price Gathers Steam – Will The Ongoing Rally Power A $5K Breakout?
Ethereum price started a steady increase above $4,650. ETH is now consolidating and might aim for more gains if it clears the $4,750 resistance. Ethereum remained stable above $4,500 and started a fresh upward move. The price is trading above $4,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,720 and $4,750. Ethereum Price Gains Over 10% Ethereum price remained supported above the $4,400 level and started a fresh....
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Ethereum briefly crossed over the $2,000-level, a benchmark target for many bulls as they await a breakout price rally in the world's second-largest cryptocurrency market.
Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the […]
Crypto analyst Kartik has revealed a technical pattern that has formed for the Ethereum price, indicating a possible breakout may be on the horizon. The analyst further revealed the new targets that have emerged for ETH due to the bullish pattern. Ethereum Price Forms Flag And Pole Pattern In a TradingView post, Kartik revealed that the Ethereum price had formed a flag and pole pattern, indicating that ETH could be set for a breakout. The analyst noted that this pattern has formed while Ethereum is currently on a downtrend from the $4,100 resistance level. In line with this, he revealed....
As 2016 winds down, bitcoin’s price rally is ramping up. Today, Bitcoin scaled a high of $875 on the Bitstamp Price Index (BPI). January 12, 2014. It has been 35-months since bitcoin was trading at $875. The cryptocurrency’s burgeoning surge continues, as the possibility of a new 3-year-high gathers steam. After blitzing through the $800 mark yesterday, a steady period of trading throughout the day saw bitcoin price reach a high of $833.96, just before midnight (UCT). It wasn’t long before bitcoin price struck $840, within 90 minutes of trading on Thursday. The latest surge was yet to....
Ethereum is ripping, now well above $4,000 per ETH and in full price discovery mode. But with no obvious resistance levels, how can anyone prepare for when the trending altcoin runs out of steam and eventually reverses? Technical analysis indicators, as well as fundamental tools are two possibilities, however, simple mathematics could also play an […]