Ethereum Price Technical Analysis – ETH/USD Bears In Control

Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again. Why Ethereum Price Is At Risk In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the....

Ethereum Price Key Highlights. Ethereum price had been on a downtrend but is now forming a reversal pattern, signaling that an uptrend might be in the cards. Price still has to test the neckline at the 0.00230 level and make an upside break before confirming the potential rally. Ethereum price seems to be exhausted from its recent selloff, creating a double bottom after failing to break below the 0.00180 area. Bitcoin Price Weakness. Ethereum price took advantage of the bitcoin selloff that took place during the FOMC statement, as the Fed's decision to hike interest rates spurred demand....

Rubycoin Price Technical Analysis. Rubycoin price is in the middle of a correction but it looks like the pullback is already over, as the 50% Fibonacci retracement level is holding as strong resistance. This retracement level lines up with a former support level, making it an area of interest and likely resistance. Rubycoin price has made a sharp selloff recently and might be done with its retracement from the move, allowing sellers to regain control. Spinning top at resistance? A spinning top reversal candlestick has formed on the latest pullback, hinting that price could turn a corner. A....

Ethereum is trading just above the important $2,000 psychological level, but the apparent stabilization may be deceptive. According to a technical analysis published on TradingView by crypto analyst RLinda, what looks like a recovery attempt is, in fact, a counter-trend correction, a bear market bounce that could be setting bulls up for a painful flush lower. Crypto Winter Tightens Its Grip RLinda’s analysis opens with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.  Technical analysis of the 2-hour timeframe chart shows that....

Ethereum price struggled this past week. If ETH/USD bears remain in control a break of $9.60 support area is possible in the near term. Ethereum price declined continuously this past week and every time the bulls attempted to take ETHUSD higher there were offers on the upside. It looks like ETH bears are in control and if the bulls fail to step up the momentum, there are chances of more declines. There is a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken), which prevented the upside move on more than two occasions. The most important point is that the....