Ethereum Price Falls Below Psychological $2,000 Support — What Next?
After a show of resilience over the past few weeks, the Ethereum price finally gave way, falling below the $2,000 level for the first time since March 10th. The “King of Altcoins” succumbed to the downward pressure that spread across the global financial markets on Friday, March 27th, as the geopolitical tensions in the Middle East rage on. With rising oil prices due to the supply shock driven by the partial closure of the Strait of Hormuz, inflation expectations across various world economies are rising rapidly. Specifically, the fear of inflation seems to have triggered the....
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Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....
Ethereum was one of the best-performing cryptocurrencies in the market over the past week, with its price jumping mid-week to as high as $3,400. Interestingly, the “king of altcoins” is now barely hanging on to the psychological $3,000 price level. On Friday, December 12, the crypto market felt a wave of bearish pressure, with most […]
On Wednesday, the price of Ethereum extended its previous session gains. ETH is still trading below the psychological $2,880 level. Still, once a decisive close above the bearish sloping line stretching from the highs of $4,759 is achieved, Ethereum’s price has room to rise. Over the last four months, the king alt has been on a sharp fall from its ATH. At the $3,100-mark Point of Control, there was a battle between buyers and sellers. Ethereum Below Psychological Barrier ETH wants to test the $2,862-level before entering a likely low volatility phase on its Bollinger bands, assuming....
Ethereum Price Key Highlights. Ethereum price is slowly trending higher on its 1-hour chart, after having completed a pullback bounce and resuming its trend. Price is moving inside a short-term rising channel and is currently testing the resistance near the 0.00300 major psychological mark. Ethereum price could be due for a selloff back to the channel support before the ongoing climb resumes. Buyers Need a Break. Technical indicators seem to be suggesting that the recent rally is overdone, with stochastic already turning down from the overbought zone and indicating a return in bearish....
Ethereum Price Key Highlights. Ethereum price is gradually trending higher but there are still some signs of consolidation, creating a rising wedge pattern on its 1-hour time frame. Price is currently hovering near the wedge support, as buyers and sellers try to decide whether a bounce or a break is in order. Ethereum price is still picking a direction, with a slight bias to the upside, as bitcoin price is also under a bit of selling pressure. Potential Resistance at 0.00300? A bounce off the wedge support around 0.00260 could lead to a move up to the top of the pattern just past the....