TA: Why Ethereum (ETH) Looks Ready For Another Leg Higher Over $3K
Ethereum started a strong rally above the $2,550 resistance against the US Dollar. ETH price is now consolidating gains and it could rise further towards $3,000. Ethereum gained pace after it broke the key $2,550 resistance zone. The price is now trading well above $2,600 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher as long as it is above the $2,550 support zone. Ethereum Price Starts Fresh Rally Ethereum formed a support....
Related News
Crypto analyst Michaël van de Poppe has declared that Ethereum is getting ready for a massive move to the upside. The analyst added a caveat, noting that ETH could still drop to as low as $2,200 before the uptrend begins. Ethereum Primed For A Massive Move To The Upside In an X post, Michaël van […]
Ethereum failed to clear the $388 resistance zone against the US Dollar. ETH price is currently holding the $365 support and it could resume its upward move. Ethereum corrected lower below the $380 and $375 support levels. The price is currently just above the 100 hourly simple moving average, and well above $365. There was […]
Ethereum is trading nicely above the $600 resistance against the US Dollar. ETH price seems to be preparing for more gains above the $625 and USD $630 levels. Ethereum settled nicely above the $600 level, with a positive angle. The price traded as high as $621 and it settled well above the 100 hourly simple […]
Ethereum could be on the cusp of seeing a strong push higher in the near-term despite its recent weakness. Over the past 24-hours, the cryptocurrency has seen some intense weakness, with the lack of intense buying pressure at $400 opening the gates for intense downside after Bitcoin saw a sharp selloff. ETH is now showing […]
Ethereum has undergone a strong surge over recent days that has brought it from the $360 range to highs of $420. Analysts say that it will undergo a macro move higher once it manages to flip $500 into support. Ethereum Set to Break Dramatically Higher Once It Holds $500: Analyst The cryptocurrency is currently positioning to move higher as it holds the $390-400 region. As reported by Bitcoinist previously, analysts say that if the coin […]