TA: Ethereum Drops Below $2,800, Why The Bulls Might Struggle
Ethereum extended decline below the $2,800 support zone against the US Dollar. ETH price is declining and might even trade below the $2,675 support zone. Ethereum started a downside correction below the $2,880 support zone. The price is now trading below $2,800 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline towards the $2,550 support if it breaks the $2,675 support. Ethereum Price Extends Decline Ethereum failed to start a fresh increase....
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Ethereum started a major decline from well above $4,000 against the US Dollar. ETH price is now correcting losses from $3,500, but it could struggle near $4,050 and $4,100. Ethereum topped near the $4,375 before staring a downside correction. The price declined heavily below $4,000 and the 100 hourly simple moving average. There was a […]
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$9 billion in Ethereum was withdrawn from exchanges within the past three days, suggesting that whales might be accumulating. A Massive 2.2M ETH Exited Exchanges In The Last Three Days Alone As pointed out by a CryptoQuant post, on-chain data shows around $9 billion in Ethereum was taken off exchanges in the past few days. The indicator of relevance here is the “exchange reserve,” which measures the total amount of ETH present in exchange wallets. When this metric’s value goes down, it means investors are withdrawing their Ethereum from exchanges. Such a trend may be a....
Ethereum price recovered against the US Dollar intraday, but it remains at a risk of more losses as long as it is below the 100 hourly SMA. Key Highlights. Ethereum price managed to correct a few points against the US dollar and traded above the $10.00 level. There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance for an upside move. The price may continue to struggle in the short term as long as it is below the trend line resistance. Ethereum Price Sell? Yesterday, I highlighted a couple of trend lines and resistances,....