Ethereum Price Defies Gravity, Here’s What Could Spark Bullish Moves
Ethereum price managed to stay above the $1,520 support against the US dollar. ETH is rising and might rally if it clears the $1,605 resistance. Ethereum averted more losses below the $1,520 support zone. The price is trading above $1,560 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,562 on the hourly chart of ETH/USD (data feed via Kraken). The pair is moving higher toward the breakout zone at $1,605. Ethereum Price Starts Recovery Ethereum managed to stay above the main breakdown support at $1,520. The recent rise in....
Related News
The Ethereum initial coin offering (ICO), which took place in 2014, represents one of the most significant events in the history of cryptocurrency. As the network had not begun generating tokens autonomously, the ICO event allowed early investors and enthusiasts to accumulate ETH, currently the second-largest cryptocurrency by market cap. Latest on-chain data shows that one of the ICO participants has become active for the first time in more than eight years, transferring their pre-mined stash of Ether tokens to different addresses on Saturday, October 21. 💤 A dormant pre-mine address....
Ethereum price traded sharply higher against the US Dollar to trade above $12.50. ETH/USD now remains supported and could trade further higher. Key Highlights. ETH price busted higher against the US Dollar, and broke many important resistances like $11.20 and $12.00. At the moment, there is a connecting bullish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX) with support at $12.65. The pair may continue to remain in an uptrend since the bias has now changed to bullish. Ethereum Price Upside Momentum. We saw there were tiny range moves in ETH price against the US....
Bitcoin price is slowly recovering from the $10,387 low against the US Dollar. BTC broke the $10,650 resistance and it might soon test the $10,800 resistance or the $10,900 barrier. Bitcoin started a fresh upward move above the $10,550 and $10,650 resistance levels. The price is up 2%, and it is trading above the $10,700 […]
XRP has a major bullish breakout recently, resulting in an over 200% rally. And while bullish technicals had been building, it was the Flare airdrop and promise of free Spark tokens that helped propel Ripple to current levels. The Flare airdrop “snapshot” of the XRP ledger takes place at the end of this week, leaving […]
Ethereum price showing a few positive signs. If there is a break above the $4.40-50 level, then a move towards $6.00 is possible. Major Support Level is $4.10. Major Resistance Level may be $4.50. Ethereum price moved down by more than 25% recently and dived towards the $3.20-30 support area. The price has recovered and also moved above the 100 simple moving average (H4 chart, Kraken), which is a positive sign for buyers in the short term. It looks like buyers may attempt to take the price higher in the near term. However, there are many barriers on the upside waiting for them. The first....