Ethereum Price Struggles Badly – More Downside Risk if Support Fails

Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....

Ethereum is struggling to recover above the $1,710 and $1,750 resistance levels against the US Dollar. ETH price is likely to continue lower if it fails to stay above the $1,650 support level. Ethereum is showing a few bearish signs below the $1,750 and $1,710 resistance levels. The price is currently trading well below $1,750 […]

Ethereum price started a downside correction below the $1,850 zone. ETH is now consolidating and might drop further below the $1,785 support zone. Ethereum started a fresh decline below the $1,850 and $1,820 levels. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $1,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it breaks the $1,785 support level. Ethereum Price Struggles To Clear Resistance Ethereum price failed to clear the $1,880 resistance and....

Ethereum has experienced a massive drop, reaching its lowest level since late November 2023. The entire market has been hit by extreme volatility, uncertainty, and aggressive price swings, with ETH losing over 20% of its value in just hours. Investors fear that this correction could extend further as Ethereum struggles to reclaim key demand levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Analysts are closely monitoring Ethereum’s price action, as the next few days could determine the short-term outlook for the second-largest cryptocurrency.....

Ethereum price failed to hold the $19.05 support against the US Dollar, increasing the risk of more losses in ETH/USD in the short term. Key Highlights. ETH price remained in a downside category with support at $18.18 against the US Dollar. There is a bearish trend line with resistance at $18.70 formed on the hourly chart of ETH/USD (data feed via SimpleFX). There is a chance that the price may extend the downside leg and trade below $18.18. Ethereum Price Next Leg Lower? Yesterday, we discussed how ETH price may be heading lower vs the US Dollar due to a break below $19.50. The price did....