Ethereum Price Uptrend To Continue? These Could Be The Factors To Watch
Ethereum price is slowly moving higher toward the $1,850 resistance against the US dollar. ETH must clear $1,820 and $1,850 to continue higher. Ethereum is still facing a major hurdle near the $1,850 zone. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support near $1,790 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,820 resistance. Ethereum Price Eyes Fresh Increase Ethereum remained in a range below the $1,850 resistance. There was a minor decline, but....
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Amid the back and forth that has rocked the crypto market, the Ethereum price has now found itself between a rock and a hard place. Right now, bulls and bears are still locked in a tug-of-war in a quest to take control of the digital asset. Here, there are now multiple levels to watch that could determine the next steps for the Ethereum price. Ethereum Price Close To Critical Demand Zone After falling back below $4,300 over the weekend, the Ethereum price is now trading very close to a critical demand zone. Crypto analyst ProfitMagnet highlights this in a TradingView analysis, showing the....
The price of Ethereum showed a significant level of volatility over the past week, oscillating between about $4,260 and $4,490. This price movement is not merely a result of market volatility but also a host of intriguing underlying factors. Recent on-chain analysis delves into some factors behind Ethereum’s price action. Ethereum Holdings Across Exchanges Drop In […]
The Litecoin price continued to tail Bitcoin in its time of uptrend, and retested new higher highs - near 1.98 - during the 3/3 trading session. In later hours, the price went through a routine correction, and got dumped to as low as 1.92. This was the same time Bitcoin attempted a readjustment and fell to 276 from the intraday high 294. And now as the locomotive attempts yet another bounce back, its bogie Litecoin is doing something similar in the USD markets. As you can see the technical indicators in the 4H OKCOIN chart above, the Litecoin price is comfortably trending in a bullish....
Several Ethereum key metrics are witnessing a positive sentiment following a renewed upward momentum in the digital asset’s price. Favorable macroeconomic and market conditions are believed to have bolstered the uptrend in ETH’s price and market dynamics, reflecting the potential for more price growth. Bullish Sentiment Building For Ethereum Amidst improving conditions, an encouraging trend […]
The crypto market faced a sharp downturn this week, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experiencing significant sell pressure. Although red candles continue to dominate the charts, a crypto analyst has pointed out key factors suggesting that this unexpected beatdown could be laying the groundwork for a rebound as the final quarter of […]