Ethereum Price Prepares For The Next Move As Risk of Bounce Grows

Ethereum price surged higher and broke a major resistance area. Buying dips in the short term may be considered eyeing a test of $10.40. Ethereum price ETH managed to break a range pattern vs the US Dollar and popped higher. During the upside move ETH/USD managed to break a couple of important barriers, including a bearish trend line on the hourly chart (data feed via Kraken). The most important move was above the 100 hourly simple moving average, which is a signal that the ETH bulls are in control at present. The price almost tested the $10.0 handle, and currently consolidating gains. I....

Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone. Ethereum is holding the main breakdown support at $1,265. The price is now trading below $1,310 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if there is a clear move above $1,300 and $1,320. Ethereum Price Remains Supported Ethereum attempted a fresh....

Ethereum is forming a base near the $3,660 zone against the US Dollar. ETH price is correcting higher, but a move above $3,920 is needed for upside continuation. Ethereum is forming a base near the $3,660 and $3,700 support levels. The price is still trading below $4,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,920 resistance zone and the 100 hourly SMA. Ethereum Price Forms Base Ethereum....

Ethereum saw a brief bounce, which pushed its price above the $2,000 mark, but this upward move seems lost its momentum and has fallen below the level. Amid this, ETH’s price bounce on Tuesday comes a notable spike in the network’s on-chain activity and the creation of new wallet addresses. Ethereum Activity Spikes to Historic […]

Ethereum saw a brief bounce on Thursday, but the $2,000 price level proved once again to be a formidable resistance zone, rendering the bullish move void as it pulls back toward $1,900. This brief bounce might be linked to renewed sentiment of investors toward accumulation, which appears to have reached key levels not seen in […]