Ethereum Faces New Wave Of Selling — $3,550 Support In Focus
Ethereum price started a fresh decline below $3,750. ETH is moving lower below $3,700 and might decline further if it trades below $3,550. Ethereum started another bearish wave after it failed to clear $3,880. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $3,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,550. Ethereum Price Dips Further Ethereum price failed to stay in a positive zone and started a fresh decline below $3,880, like....
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Ethereum price started a recovery wave above the $4,150 zone. ETH is now back above $4,250 but it faces many hurdles near $4,300. Ethereum started a recovery wave above the $4,200 and $4,250 levels. The price is trading below $4,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,180 zone in the near term. Ethereum Price Faces Hurdles Ethereum price extended losses after there was a close below the $4,200 level,....
Ethereum price is attempting a recovery wave above the $3,125 zone. ETH must clear the $3,200 resistance to continue higher in the near term. Ethereum extended losses and tested the $3,075 support zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,125 support. Ethereum Price Faces Resistance Ethereum price struggled to recover and extended losses below the $3,100 level. ETH traded as....
Key Highlights. Ethereum price is still in the middle of a correction from its previous selloff, but technical signals are indicating that the downtrend is set to resume soon. A bearish divergence can be seen, as the pair formed lower highs while stochastic made slightly higher highs. Ethereum price could fall from the current resistance levels back down to the previous lows at 0.00190BTC if selling pressure picks up. Impulse wave to resume. A higher pullback to the 0.00240BTC area near the 100 SMA and the previous support might still be possible if the correction wave isn't over. However,....
Bitcoin has faced some intense selling pressure over the past few days, with the response to its recent break below $19,000 being quite bearish This validates the notion that this is a crucial level that the crypto much firmly surmount and flip into support if it is to see any further upside One trader is now noting that, while BTC did rebound off of its key support in the upper-$17,000 region, it still faces multiple […]
XRP price is attempting a recovery wave above the $2.850 zone. The price now faces a couple of key hurdles near $2.920 and $2.950. XRP price is slowly moving higher above the $2.850 support zone. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.8320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.920. XRP Price Faces Resistance XRP price started a recovery wave after it found support above $2.720 and $2.770, like....