Ethereum Price Technical Analysis – ETH/USD Back In Action
Ethereum price is back in action, as there was a nice upside move in ETH/USD. More gains are likely moving ahead as the resistance is now support. Key Highlights. ETH price surged higher versus the US Dollar and posted a solid move above the $12.00 handle. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken for an upside move. The ETH bulls managed to gain control, and took the price higher towards $12.75. Ethereum Price Bounce. Yesterday, I stated that the ETH buyers need an encouragement for an upside move. Ethereum price did move....
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A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that […]
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