Ethereum Price Completes Structure Break As Buyers Take Control, Why A Surge ...
Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a technical analyst pointing to $1,500 as the zone where buyers have regained control, and a break above $4,000. Ethereum Structure Break And The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent technical breakdown of Ethereum’s weekly candlestick chart, noted that buyers have successfully initiated a clean market structure....
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Ethereum price continued to trade higher this past week. Every dip was bought and if buyers gain control a new high above $6.70 is likely. Intraday Support Level can be $6.02. Intraday Resistance Level may be $6.65. Ethereum price followed a nice bullish pattern this past week and challenged the $6.60-65 resistance area a couple of times. However, the stated level is acting as a barrier for buyers and stalling an upside move. There is a breakout structure forming on hourly chart of Ethereum price (data feed via Kraken), which can be carefully watched for the next move. If there is a break....
Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....
Ethereum price spiked higher to trade above $5.50. There was a classic bullish break noted on the hourly chart calling for more upside moves. Intraday Support Level can be $5.40. Intraday Resistance Level may be $5.90. Ethereum price looks like recovered well after forming a base near the $3.30-00 support area. Buyers gained control in taking the price higher in the short term. Yesterday, I highlighted a bearish trend line on the hourly chart (data feed via Kraken), which was supposed to play a crucial role for both buyers and sellers. It looks like buyers had an upper hand in taking the....
Bitcoin’s price has broken through the top resistance line. Will the buyers have enough confidence to keep the growth trend? After a new false break through the level of $417, Bitcoin’s price has bounced off without fortifying. However, the advantage was held by the buyers and the price returned to the top point. The price has displayed fortification in the mid-day structure and a natural growth impulse followed. If the structure of the growth trend stays intact in the near future, there is a probability of the price reaching $422. The trend’s potential is not very high, because the....
Bitcoin price is testing the channel resistance once more, still deciding whether to make a bounce or a breakout. The 100 SMA is still above the 200 SMA for now with a downward crossover looming. If that happens, more sellers could join the fold and increase bearish pressure enough to lead to a drop until the channel support near $380. RSI is heading north so buyers are still in control but the oscillator is nearing the overbought levels. Stochastic is also heading up and approaching the overbought zone, which could mean that buyers are getting exhausted and ready to let sellers take over.....